Truist Financial Corp Purchases 7,182 Shares of Rollins, Inc. (NYSE:ROL)

Truist Financial Corp raised its position in shares of Rollins, Inc. (NYSE:ROL) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 386,267 shares of the business services provider’s stock after acquiring an additional 7,182 shares during the period. Truist Financial Corp owned approximately 0.08% of Rollins worth $17,903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ROL. Eastern Bank grew its holdings in shares of Rollins by 0.5% in the fourth quarter. Eastern Bank now owns 50,410 shares of the business services provider’s stock worth $2,337,000 after purchasing an additional 236 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of Rollins by 1.9% in the third quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider’s stock worth $672,000 after purchasing an additional 252 shares during the last quarter. Motley Fool Asset Management LLC grew its holdings in shares of Rollins by 3.0% in the third quarter. Motley Fool Asset Management LLC now owns 10,072 shares of the business services provider’s stock worth $509,000 after purchasing an additional 289 shares during the last quarter. Mather Group LLC. grew its holdings in shares of Rollins by 9.8% in the fourth quarter. Mather Group LLC. now owns 3,325 shares of the business services provider’s stock worth $154,000 after purchasing an additional 298 shares during the last quarter. Finally, Empirical Finance LLC grew its holdings in shares of Rollins by 3.9% in the third quarter. Empirical Finance LLC now owns 8,123 shares of the business services provider’s stock worth $411,000 after purchasing an additional 302 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday. Barclays began coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. Canaccord Genuity Group increased their target price on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Morgan Stanley increased their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, UBS Group increased their target price on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Rollins presently has a consensus rating of “Hold” and an average target price of $52.00.

Rollins Stock Performance

ROL stock opened at $50.79 on Thursday. The firm has a market cap of $24.60 billion, a price-to-earnings ratio of 52.91 and a beta of 0.76. The firm has a 50-day simple moving average of $48.18 and a two-hundred day simple moving average of $49.07. Rollins, Inc. has a one year low of $40.76 and a one year high of $52.83. 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 released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. On average, equities analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal 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 1.30%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s payout ratio is 68.75%.

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.