1,093,339 Shares in Rollins, Inc. $ROL Acquired by Zurich Insurance Group Ltd FI

Key Points

• Zurich Insurance Group Ltd FI purchased 1,093,339 shares of Rollins, Inc. valued at approximately $59 million, representing a new stake for the firm.
• Rollins reported a quarterly earnings per share of $0.30, beating analysts' expectations, and its revenue increased by 12.1% year-over-year.
• The company declared a quarterly dividend of $0.165 per share, with a dividend yield of 1.2%, to be paid on September 10th.

Zurich Insurance Group Ltd FI bought a new stake in Rollins, Inc. (NYSE:ROL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,093,339 shares of the business services provider's stock, valued at approximately $59,073,000. Zurich Insurance Group Ltd FI owned approximately 0.23% of Rollins as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ROL. City Holding Co. acquired a new stake in Rollins during the first quarter worth about $27,000. GW&K Investment Management LLC raised its stake in Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock worth $33,000 after acquiring an additional 548 shares during the period. CVA Family Office LLC raised its stake in Rollins by 73.0% during the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after acquiring an additional 340 shares during the period. National Pension Service raised its stake in Rollins by 75.0% during the first quarter. National Pension Service now owns 1,078 shares of the business services provider's stock worth $58,000 after acquiring an additional 462 shares during the period. Finally, HM Payson & Co. acquired a new stake in Rollins during the first quarter worth about $63,000. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Stock Performance

Shares of NYSE:ROL traded down $0.79 during trading hours on Friday, hitting $57.43. The stock had a trading volume of 1,806,469 shares, compared to its average volume of 1,820,730. The stock's fifty day simple moving average is $56.95 and its 200 day simple moving average is $55.65. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.10. The firm has a market capitalization of $27.83 billion, a price-to-earnings ratio of 56.86 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The company had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. During the same quarter last year, the business earned $0.27 earnings per share. Rollins's revenue was up 12.1% compared to the same quarter last year. Sell-side analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were issued a $0.165 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. Rollins's dividend payout ratio (DPR) is 65.35%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ROL shares. UBS Group increased their price objective on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Piper Sandler increased their price objective on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Wells Fargo & Company reiterated an "overweight" rating and set a $65.00 price objective (up previously from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Finally, Argus began coverage on shares of Rollins in a research note on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $61.40.

Insider Activity

In other news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the transaction, the chairman directly owned 632,727 shares in the company, valued at $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.47% of the stock is owned by company insiders.

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.