Atria Wealth Solutions Inc. Sells 2,231 Shares of Rollins, Inc. (NYSE:ROL)

Atria Wealth Solutions Inc. lowered its position in shares of Rollins, Inc. (NYSE:ROL) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,279 shares of the business services provider’s stock after selling 2,231 shares during the period. Atria Wealth Solutions Inc.’s holdings in Rollins were worth $894,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROL. Venturi Wealth Management LLC lifted its position in Rollins by 10.7% in the 4th quarter. Venturi Wealth Management LLC now owns 15,280 shares of the business services provider’s stock worth $708,000 after buying an additional 1,476 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of Rollins during the fourth quarter worth approximately $3,055,000. Truist Financial Corp lifted its holdings in shares of Rollins by 1.9% in the 4th quarter. Truist Financial Corp now owns 386,267 shares of the business services provider’s stock worth $17,903,000 after acquiring an additional 7,182 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Rollins by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 49,185 shares of the business services provider’s stock valued at $2,280,000 after purchasing an additional 2,246 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG grew its holdings in shares of Rollins by 6.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider’s stock valued at $3,061,000 after purchasing an additional 4,100 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the sale, the insider now directly owns 76,526 shares in the company, valued at $3,916,600.68. The trade was a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.69% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ROL shares. Barclays assumed coverage on shares of Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target for the company. Canaccord Genuity Group increased their target price on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a report on Friday, February 14th. Morgan Stanley raised their price target on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. UBS Group boosted their price objective on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.00.

Rollins Trading Up 0.1 %

NYSE ROL opened at $51.36 on Tuesday. The stock has a market cap of $24.87 billion, a P/E ratio of 53.50 and a beta of 0.76. Rollins, Inc. has a fifty-two week low of $41.72 and a fifty-two week high of $52.83. The stock has a 50 day simple moving average of $48.34 and a two-hundred day simple moving average of $49.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69.

Rollins (NYSE:ROL) last announced 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 return on equity of 37.94% and a net margin of 13.76%. On average, analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 1.29%. The ex-dividend date is Tuesday, February 25th. Rollins’s dividend 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.