OneAscent Wealth Management LLC Invests $250,000 in Rollins, Inc. (NYSE:ROL)

OneAscent Wealth Management LLC purchased a new stake in shares of Rollins, Inc. (NYSE:ROL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,948 shares of the business services provider’s stock, valued at approximately $250,000.

Several other hedge funds have also recently bought and sold shares of ROL. Fiera Capital Corp purchased a new position in Rollins during the 3rd quarter valued at about $43,225,000. Cetera Investment Advisers grew its position in Rollins by 4,697.4% during the first quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock valued at $14,997,000 after purchasing an additional 317,353 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Rollins by 350.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 368,521 shares of the business services provider’s stock valued at $17,118,000 after buying an additional 286,780 shares during the period. Manning & Napier Advisors LLC purchased a new stake in Rollins in the 2nd quarter worth approximately $13,580,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Rollins by 185.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 384,935 shares of the business services provider’s stock valued at $18,781,000 after buying an additional 249,860 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROL has been the topic of a number of research reports. 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 on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Rollins in a research note on Thursday, July 25th. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company increased their price objective on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $49.83.

Rollins Stock Up 0.3 %

ROL stock opened at $50.05 on Tuesday. The company has a market cap of $24.24 billion, a PE ratio of 52.14 and a beta of 0.70. 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, Inc. has a twelve month low of $39.20 and a twelve month high of $52.16. The business’s 50-day simple moving average is $49.56 and its 200 day simple moving average is $48.73.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.28 EPS. On average, research analysts anticipate that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, November 12th. Rollins’s payout ratio is currently 68.75%.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the transaction, the insider now owns 84,653 shares in the company, valued at $4,274,129.97. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.69% of the stock is owned by company insiders.

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.