Atria Wealth Solutions Inc. Cuts Position in Rollins, Inc. (NYSE:ROL)

Atria Wealth Solutions Inc. trimmed its holdings in shares of Rollins, Inc. (NYSE:ROL) by 10.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 19,279 shares of the business services provider’s stock after selling 2,231 shares during the period. Atria Wealth Solutions Inc.’s holdings in Rollins were worth $894,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ROL. Venturi Wealth Management LLC increased its position in Rollins by 10.7% during the 4th quarter. Venturi Wealth Management LLC now owns 15,280 shares of the business services provider’s stock valued at $708,000 after buying an additional 1,476 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Rollins in the fourth quarter worth $3,055,000. Truist Financial Corp increased its holdings in shares of Rollins by 1.9% during the fourth quarter. Truist Financial Corp now owns 386,267 shares of the business services provider’s stock valued at $17,903,000 after acquiring an additional 7,182 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Rollins by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 49,185 shares of the business services provider’s stock worth $2,280,000 after purchasing an additional 2,246 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG boosted its stake in Rollins by 6.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider’s stock worth $3,061,000 after purchasing an additional 4,100 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Rollins Stock Up 0.1 %

ROL stock opened at $51.36 on Tuesday. The company has a market cap of $24.87 billion, a price-to-earnings ratio of 53.50 and a beta of 0.76. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The business’s 50-day moving average is $48.34 and its two-hundred day moving average is $49.15. Rollins, Inc. has a fifty-two week low of $41.72 and a fifty-two week high of $52.83.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. As a group, analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Tuesday, February 25th. Rollins’s payout ratio is 68.75%.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the transaction, the insider now directly owns 76,526 shares in the company, valued at approximately $3,916,600.68. The trade was a 14.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.69% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group upped their target price on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Morgan Stanley boosted their price target on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company raised their price target on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Rollins presently has a consensus rating of “Hold” and a consensus target price of $52.00.

Rollins Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.