200,000 Shares in Rollins, Inc. $ROL Acquired by Seven Grand Managers LLC

Key Points

• Seven Grand Managers LLC bought a new stake in Rollins, acquiring 200,000 shares worth about $12.0 million in the fourth quarter.
• Institutional ownership remains heavy, with several other funds adding to positions and 51.79% of Rollins’ stock now held by institutional investors and hedge funds.
• Rollins posted solid quarterly results, with EPS of $0.24 matching estimates and revenue up 10.2% year over year; analysts still view the stock as a Moderate Buy with an average price target of $65.20.

Seven Grand Managers LLC purchased a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 200,000 shares of the business services provider's stock, valued at approximately $12,004,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirabella Financial Services LLP acquired a new position in Rollins in the third quarter valued at approximately $1,739,000. Jefferies Financial Group Inc. boosted its holdings in Rollins by 607.7% in the third quarter. Jefferies Financial Group Inc. now owns 79,944 shares of the business services provider's stock valued at $4,696,000 after purchasing an additional 68,647 shares in the last quarter. National Pension Service boosted its holdings in Rollins by 353.2% in the third quarter. National Pension Service now owns 21,519 shares of the business services provider's stock valued at $1,264,000 after purchasing an additional 16,771 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Rollins by 40.9% in the third quarter. Federated Hermes Inc. now owns 1,087,262 shares of the business services provider's stock valued at $63,866,000 after purchasing an additional 315,456 shares in the last quarter. Finally, Dakota Wealth Management boosted its holdings in Rollins by 19.2% in the third quarter. Dakota Wealth Management now owns 166,882 shares of the business services provider's stock valued at $9,803,000 after purchasing an additional 26,867 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ROL shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $67.00 price target on shares of Rollins in a report on Thursday, April 23rd. UBS Group upped their price target on Rollins from $58.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, April 24th. Weiss Ratings downgraded Rollins from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, May 21st. Royal Bank Of Canada set a $67.00 price target on Rollins and gave the company an "outperform" rating in a report on Thursday, February 12th. Finally, Loop Capital assumed coverage on Rollins in a research note on Monday, April 13th. They issued a "hold" rating and a $56.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $65.20.

Rollins Price Performance

Shares of NYSE ROL opened at $50.41 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a twelve month low of $50.02 and a twelve month high of $66.14. The stock has a 50 day moving average of $54.09 and a two-hundred day moving average of $58.20. The stock has a market cap of $24.27 billion, a P/E ratio of 46.25, a P/E/G ratio of 3.27 and a beta of 0.79.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting analysts' consensus estimates of $0.24. Rollins had a return on equity of 38.37% and a net margin of 13.77%.The company had revenue of $906.42 million during the quarter, compared to analysts' expectations of $895.17 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm's revenue for the quarter was up 10.2% on a year-over-year basis. On average, research analysts forecast that Rollins, Inc. will post 1.24 earnings per share for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be issued a $0.1825 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.4%. Rollins's payout ratio is presently 66.97%.

Rollins News Roundup

Here are the key news stories impacting Rollins this week:

• Neutral Sentiment: The company said it will begin a search for a new CFO, which should help clarify the transition and limit disruption. ROLLINS, INC. ANNOUNCES CFO TRANSITION
• Neutral Sentiment: Recent operating results were solid, with quarterly revenue up 10.2% year over year and EPS matching expectations, which may help cushion sentiment around the leadership change.
• Negative Sentiment: The stock has been trading well below its 50-day and 200-day moving averages, suggesting investors have already been cautious on the name before this announcement.

Rollins Profile

Rollins, Inc NYSE: ROL is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.

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