Allspring Global Investments Holdings LLC Raises Stake in Rollins, Inc. (NYSE:ROL)

Allspring Global Investments Holdings LLC grew its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 96.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,000,045 shares of the business services provider's stock after buying an additional 490,183 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.21% of Rollins worth $46,046,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROL. Brooklyn Investment Group bought a new position in Rollins in the 3rd quarter valued at about $28,000. True Wealth Design LLC lifted its holdings in shares of Rollins by 4,272.2% in the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider's stock valued at $40,000 after purchasing an additional 769 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Rollins by 57.8% in the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider's stock valued at $41,000 after purchasing an additional 326 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Rollins during the third quarter valued at approximately $52,000. Finally, Intact Investment Management Inc. bought a new stake in Rollins during the third quarter worth $71,000. 51.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ROL. StockNews.com cut Rollins from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. UBS Group raised their price target on shares of Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. Canaccord Genuity Group upped their price objective on shares of Rollins from $48.00 to $49.00 and gave the stock a "hold" rating in a research report on Friday. Morgan Stanley upped their target price on Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Wells Fargo & Company increased their price target on Rollins from $56.00 to $58.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $52.00.

Rollins Stock Performance

ROL traded down $1.23 during midday trading on Monday, reaching $50.70. The company had a trading volume of 2,819,001 shares, compared to its average volume of 1,455,127. Rollins, Inc. has a 12-month low of $40.41 and a 12-month high of $52.83. The business has a 50-day moving average price of $48.13 and a two-hundred day moving average price of $49.04. The stock has a market cap of $24.55 billion, a PE ratio of 52.81 and a beta of 0.76. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, hitting analysts' consensus estimates of $0.23. Rollins had a net margin of 14.18% and a return on equity of 38.67%. On average, sell-side analysts expect that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.30%. Rollins's dividend payout ratio is presently 68.75%.

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.