Valley National Advisers Inc. Grows Stock Holdings in Rollins, Inc. $ROL

Valley National Advisers Inc. raised its holdings in Rollins, Inc. (NYSE:ROL) by 175,715.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 35,163 shares of the business services provider’s stock after acquiring an additional 35,143 shares during the period. Valley National Advisers Inc.’s holdings in Rollins were worth $2,065,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in Rollins in the second quarter valued at $30,000. TD Waterhouse Canada Inc. grew its holdings in Rollins by 58.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock valued at $41,000 after buying an additional 269 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Rollins during the 2nd quarter valued at about $42,000. MUFG Securities EMEA plc acquired a new position in shares of Rollins during the 2nd quarter valued at about $47,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after acquiring an additional 375 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group set a $66.00 target price on shares of Rollins and gave the company a “buy” rating in a report on Monday, November 3rd. Morgan Stanley upgraded shares of Rollins from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $58.00 to $72.00 in a report on Wednesday, December 17th. Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a report on Monday, December 22nd. Canaccord Genuity Group set a $55.00 target price on Rollins and gave the stock a “hold” rating in a research report on Friday, October 31st. Finally, Barclays raised Rollins from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $60.00 to $72.00 in a research report on Friday, December 5th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.92.

Insider Activity at Rollins

In related news, insider Thomas D. Tesh sold 2,396 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $59.73, for a total transaction of $143,113.08. Following the transaction, the insider directly owned 31,627 shares of the company’s stock, valued at approximately $1,889,080.71. The trade was a 7.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.47% of the company’s stock.

Rollins Stock Performance

Shares of ROL stock opened at $60.61 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32. The company has a market cap of $29.37 billion, a PE ratio of 56.64 and a beta of 0.79. The company’s fifty day simple moving average is $59.14 and its 200-day simple moving average is $57.65. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $61.84.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the company earned $0.29 EPS. The firm’s revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were paid a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, November 10th. Rollins’s payout ratio is 68.22%.

Rollins Company Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.