Rollins, Inc. (NYSE:ROL) Shares Acquired by Truist Financial Corp

Truist Financial Corp lifted its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 386,267 shares of the business services provider's stock after purchasing an additional 7,182 shares during the quarter. Truist Financial Corp owned about 0.08% of Rollins worth $17,903,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROL. Creative Planning boosted its holdings in shares of Rollins by 27.1% in the 3rd quarter. Creative Planning now owns 23,169 shares of the business services provider's stock worth $1,172,000 after purchasing an additional 4,946 shares during the period. Bleakley Financial Group LLC boosted its holdings in shares of Rollins by 4.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 8,354 shares of the business services provider's stock worth $423,000 after purchasing an additional 341 shares during the period. Blue Trust Inc. boosted its holdings in shares of Rollins by 307.2% in the 3rd quarter. Blue Trust Inc. now owns 6,532 shares of the business services provider's stock worth $319,000 after purchasing an additional 4,928 shares during the period. Eastern Bank purchased a new position in shares of Rollins in the 3rd quarter worth approximately $2,538,000. Finally, Bank Pictet & Cie Europe AG boosted its holdings in shares of Rollins by 3.7% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 61,950 shares of the business services provider's stock worth $3,133,000 after purchasing an additional 2,200 shares during the period. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Stock Up 0.1 %

ROL stock traded up $0.04 during trading on Friday, hitting $51.37. 603,380 shares of the company's stock traded hands, compared to its average volume of 1,726,318. The business has a fifty day simple moving average of $48.23 and a two-hundred day simple moving average of $49.08. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $24.87 billion, a P/E ratio of 53.56 and a beta of 0.76. Rollins, Inc. has a 1 year low of $41.30 and a 1 year high of $52.83.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Sell-side analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Tuesday, February 25th. Rollins's payout ratio is 68.75%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ROL. Morgan Stanley boosted their price objective on Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Canaccord Genuity Group boosted their price objective on Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a report on Friday, February 14th. Barclays began coverage on Rollins in a report on Monday, November 4th. They set an "equal weight" rating and a $50.00 price objective for the company. StockNews.com upgraded Rollins from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $52.00.

About Rollins

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.