Rollins, Inc. (NYSE:ROL) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in Rollins, Inc. (NYSE:ROL) by 96.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,000,045 shares of the business services provider’s stock after acquiring an additional 490,183 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Rollins were worth $46,046,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ROL. Montrusco Bolton Investments Inc. raised its position in shares of Rollins by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after buying an additional 1,154,722 shares during the last quarter. Fiera Capital Corp acquired a new position in shares of Rollins in the third quarter valued at approximately $43,225,000. Point72 Asset Management L.P. acquired a new position in shares of Rollins in the third quarter valued at approximately $28,980,000. JPMorgan Chase & Co. raised its position in shares of Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after buying an additional 420,399 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Rollins by 535.2% in the fourth quarter. SG Americas Securities LLC now owns 261,379 shares of the business services provider’s stock valued at $12,115,000 after buying an additional 220,230 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ROL shares. Morgan Stanley boosted their price objective on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Wells Fargo & Company upped their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, UBS Group upped their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Rollins currently has an average rating of “Hold” and an average target price of $51.50.

Rollins Price Performance

Rollins stock opened at $51.99 on Friday. Rollins, Inc. has a 52-week low of $40.41 and a 52-week high of $52.84. The firm has a fifty day moving average of $48.00 and a 200-day moving average of $48.96. The firm has a market capitalization of $25.18 billion, a P/E ratio of 54.16 and a beta of 0.76. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Rollins had a net margin of 14.18% and a return on equity of 38.67%. As a group, analysts predict that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Announces Dividend

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 $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s payout ratio is currently 68.75%.

Rollins Company 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.