Wealth Enhancement Advisory Services LLC has made headlines by purchasing a sizeable stake in one of the leading business services providers, Rollins Inc. The firm added 28,222 shares of the provider’s stocks to its portfolio recently, with an estimated value of approximately $1,007,000. This strategic investment by Wealth Enhancement Advisory Services LLC proves that it is willing to go above and beyond to add value for its clients and make smart investment decisions.
Rollins Inc. continues to be a dominant player in the industry and has consistently demonstrated strength and growth potential. The company recently declared an impressive quarterly dividend that was paid on Friday, March 10th to shareholders on record as of February 10th who were paid a $0.13 dividend. This annualized dividend represents not only good returns for investors but also speaks volumes about the company’s ongoing financial commitment towards growth and profitability.
With recent upgrades in rating from analysts at StockNews.com and overage ratings indicating “moderate buy” status by Bloomberg, there is no doubt about Rollins Inc.’s place in the market or potential growth strategies.
Redburn Partners also rated Rollins Inc.’s shares positively giving them a ‘buy’ rating with a healthy price target of $62. Such ratings show that Rollins is not just making relevant investments but gaining recognition from some of the most prominent market players.
In conclusion, this latest development showcases the potential growth opportunities available within Rollins Inc., which clearly aligns with Wealth Enhancement Advisory Services LLC’s motive to deliver value to its esteemed clients while maintaining a competitive edge in terms of strategic investment decision making.
Rollins, Inc.: A Popular Target for Institutional Investors
Rollins, Inc., a leading provider of pest control services, has recently attracted the attention of major institutional investors, with several hedge funds and other institutions changing their positions in the stock. Eagle Bay Advisors LLC bought new shares during the second quarter worth $29,000 while Federated Hermes Inc. picked up a position valued at $40,000 during the same period. Fred Alger Management LLC acquired a new position worth approximately $41,000 in Q3 2020 while Wipfli Financial Advisors LLC purchased shares worth around $44,000 in the same period. CENTRAL TRUST Co also raised its stake in Rollins by 214.3% during Q4 2020, acquiring an additional 1,200 shares and bringing their total to 1,760 shares worth $64,000.
It’s clear that these head funds and institutional investors have confidence in Rollins. In fact, as per recent reports filed with the Securities & Exchange Commission by insiders of Rollins, Elizabeth B. Chandler sold over two thousand shares of stock for a total transaction value of nearly $78k. The current market price for each share is around $38.97.
Rollins has declared dividends on multiple occasions this year with shareholders entitled to three dividend payouts for FY2021: two payouts already made on June 10th and September 10th respectively; and one more payment scheduled for December 9th later this year.
Despite its successes and popularity among investors,Rollins’ P/E ratio is less attractive than many investors may like as it is currently standing at 52.66 while its payout ratio stands at about 70%. Nonetheless,Rollin’s financial results suggest positivity as it reported earnings per share (EPS) of $0.17 for Q4 – beating analysts’ estimates and increasing from last year’s EPS of $0.14 with an increased revenue growth rate compared to last year. Moreover, the company managed to outpace its previous earnings with analysts’ projecting an annualized earnings per share of $0.81 this year.
Shares of Rollins (NYSE:ROL) have averaged at $36.44 for the past 50 days and $37.54 for the past 200 days with a current day opening at $38.97.The firm has a market cap of $19.20 billion and supports a debt-to-equity ratio of just 0.03 which is regarded as excellent among investors in the industry.Its position in the market does not show any signs of slowing down and its continuous focus on its overall growth strategy could be seen from its recent collaborations with firms such as Clark Pest Control allowing it to expand their customer base in new territories.
So despite trading at historic price levels,Rollins stock remains a relevant option for institutional investors due to their exceptional growth prospects which could see it become an attractive position for individuals looking for investments that provide long-term value and sustainability in today’s fast-paced tech-driven world of investment management.
