1832 Asset Management L.P. Sells 30,452 Shares of Rollins, Inc. $ROL

Key Points

• 1832 Asset Management L.P. reduced its shareholdings in Rollins, Inc. by 17.4%, now owning 144,755 shares valued at approximately $7.82 million.
• Analysts have mixed opinions on Rollins' stock; Zacks Research downgraded it to a "hold," while Barclays and UBS increased their price targets to $60.00 and $61.00, respectively.
• Rollins recently declared a quarterly dividend of $0.165, with an annual yield of 1.1%, set to be paid on September 10th to investors of record.

1832 Asset Management L.P. lowered its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 17.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 144,755 shares of the business services provider's stock after selling 30,452 shares during the period. 1832 Asset Management L.P.'s holdings in Rollins were worth $7,821,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. City Holding Co. acquired a new stake in shares of Rollins during the first quarter worth $27,000. GW&K Investment Management LLC grew its holdings in Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock worth $33,000 after purchasing an additional 548 shares during the period. CVA Family Office LLC grew its holdings in Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after purchasing an additional 340 shares during the period. Colonial Trust Co SC grew its holdings in Rollins by 61.3% in the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock worth $50,000 after purchasing an additional 411 shares during the period. Finally, National Pension Service grew its holdings in Rollins by 75.0% in the first quarter. National Pension Service now owns 1,078 shares of the business services provider's stock worth $58,000 after purchasing an additional 462 shares during the period. Institutional investors own 51.79% of the company's stock.

Rollins Stock Up 0.4%

Shares of NYSE ROL traded up $0.24 during mid-day trading on Wednesday, reaching $56.71. 1,542,905 shares of the company's stock traded hands, compared to its average volume of 1,373,406. The stock has a market cap of $27.49 billion, a P/E ratio of 56.15 and a beta of 0.69. The business has a 50-day simple moving average of $56.86 and a 200 day simple moving average of $55.19. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates 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 period last year, the firm earned $0.27 earnings per share. The firm's revenue was up 12.1% on a year-over-year basis. On average, analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 11th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 11th. Rollins's dividend payout ratio (DPR) is presently 65.35%.

Insider Buying and Selling at Rollins

In related news, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the transaction, the chairman directly owned 662,727 shares of the company's stock, valued at $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.47% of the stock is owned by insiders.

Analyst Ratings Changes

ROL has been the subject of a number of research reports. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and raised their price target for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Argus initiated coverage on shares of Rollins in a report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target for the company. Piper Sandler raised their price target on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. UBS Group lifted their price objective on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, Barclays lifted their price objective on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $61.40.

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.