Whittier Trust Co. Purchases 513 Shares of Rollins, Inc. $ROL

Whittier Trust Co. increased its stake in shares of Rollins, Inc. (NYSE:ROL) by 9.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,932 shares of the business services provider’s stock after buying an additional 513 shares during the period. Whittier Trust Co.’s holdings in Rollins were worth $335,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. GW&K Investment Management LLC boosted its holdings in shares of Rollins by 961.4% during the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after buying an additional 548 shares during the period. Geneos Wealth Management Inc. boosted 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 buying an additional 375 shares during the period. National Pension Service boosted its holdings in shares of Rollins by 75.0% during the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after buying an additional 462 shares during the period. HM Payson & Co. bought a new stake in shares of Rollins during the 1st quarter worth about $63,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Rollins during the 2nd quarter worth about $77,000. Institutional investors own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ROL. Piper Sandler lifted their target price on shares of Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Zacks Research downgraded shares of Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. started coverage on shares of Rollins in a report on Friday, September 26th. They issued an “overweight” rating and a $70.00 price objective for the company. Barclays boosted their price objective on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a report on Tuesday, October 14th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.18.

Rollins Stock Performance

NYSE ROL opened at $56.83 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $27.54 billion, a P/E ratio of 56.27 and a beta of 0.69. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $59.12. The firm has a 50-day moving average price of $56.93 and a two-hundred day moving average price of $56.58.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $999.53 million during the quarter, compared to analysts’ expectations of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 EPS. Analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

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.