Kingstone Capital Partners Texas LLC Purchases Shares of 35,712 Rollins, Inc. $ROL

Key Points

• Kingstone Capital Partners Texas LLC has acquired 35,712 shares of Rollins, Inc., valued at approximately $2,029,000, highlighting significant institutional interest in the company.
• Rollins reported a 12.1% increase in quarterly revenue year-over-year, totaling $999.53 million, exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.165 per share, representing a 1.2% dividend yield and a payout ratio of 65.35%.

Kingstone Capital Partners Texas LLC purchased a new position in Rollins, Inc. (NYSE:ROL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,712 shares of the business services provider's stock, valued at approximately $2,029,000.

Several other hedge funds have also added to or reduced their stakes in ROL. City Holding Co. bought a new stake in Rollins in the 1st quarter valued at about $27,000. GW&K Investment Management LLC raised its position in shares of 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 buying an additional 548 shares in the last quarter. CVA Family Office LLC lifted its position in Rollins by 73.0% during the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after purchasing an additional 340 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider's stock worth $47,000 after acquiring an additional 375 shares in the last quarter. Finally, National Pension Service raised its stake in shares of 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 in the last quarter. Institutional investors own 51.79% of the company's stock.

Analysts Set New Price Targets

ROL has been the subject of a number of analyst reports. Wells Fargo & Company reiterated an "overweight" rating and set a $65.00 target price (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Barclays boosted their price target on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Zacks Research lowered Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Argus began coverage on shares of Rollins in a research report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target for the company. Finally, UBS Group lifted their target price on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.40.

Insider Activity at Rollins

In related news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction 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. The trade was a 4.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.47% of the stock is owned by corporate insiders.

Rollins Price Performance

Shares of NYSE:ROL traded up $0.11 during midday trading on Monday, hitting $55.62. The company had a trading volume of 1,931,551 shares, compared to its average volume of 1,606,327. The business's 50-day simple moving average is $56.98 and its 200-day simple moving average is $55.90. Rollins, Inc. has a twelve month low of $45.34 and a twelve month 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. The stock has a market cap of $26.96 billion, a price-to-earnings ratio of 55.07 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. During the same quarter last year, the firm posted $0.27 earnings per share. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, August 11th. Rollins's dividend payout ratio (DPR) is currently 65.35%.

Rollins Company 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.