Vanguard Trims Rollins Stake to 10.4% as of Dec 29, 2023

TL;DR

**Vanguard slightly cut its stake in Rollins to 10.4%.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its updated ownership in Rollins Inc. As of December 29, 2023, Vanguard beneficially owns 50,782,401 shares of Rollins' Common Stock, representing 10.4% of the company. This filing indicates a slight decrease in their overall beneficial ownership percentage from a previous filing, which matters to investors as Vanguard is a significant institutional holder and changes in their stake can signal shifts in their investment thesis or passive index rebalancing.

Why It Matters

This filing shows that a major institutional investor, Vanguard, has slightly reduced its percentage ownership in Rollins Inc., which could be a minor bearish signal or simply a rebalancing of their index funds.

Risk Assessment

Risk Level: low — The change in ownership by a passive institutional investor like Vanguard is generally not a high-risk event for the company's stock.

Analyst Insight

Investors should note Vanguard's updated, slightly reduced, passive stake in Rollins Inc. but recognize that such changes from index funds are common and typically not indicative of a fundamental shift in the company's prospects. Monitor future filings for more significant changes from active managers.

Key Numbers

• 50,782,401 — Shares Beneficially Owned (Represents the total number of Rollins Inc. Common Stock shares Vanguard holds.)
• 10.4% — Percentage of Class (Indicates Vanguard's significant, but slightly reduced, ownership stake in Rollins Inc.)
• 370,969 — Shared Voting Power (The number of shares over which Vanguard has shared voting power.)
• 0 — Sole Voting Power (Vanguard holds no sole voting power over Rollins Inc. shares.)
• February 13, 2024 — Filing Date (The date this amended Schedule 13G/A was filed with the SEC.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Rollins Inc (company) — subject company whose securities are being reported
• 50,782,401 (dollar_amount) — total shares beneficially owned by Vanguard
• 10.4% (dollar_amount) — percentage of Rollins' class of securities owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard's slight reduction in Rollins shares is likely due to passive index rebalancing rather than an active bearish view. (The Vanguard Group) — high confidence, target: N/A

FAQ

Filing Documents

• tv01843-rollinsinc.htm (SC 13G/A) — 11KB
• 0001104659-24-021860.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Rollins Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 2170 Piedmont Road NE Atlanta, GA 30324-4135

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 775711104

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR