66,889 Shares in Rollins, Inc. $ROL Purchased by CHB Investment Group LLC

Key Points

• CHB Investment Group LLC acquired 66,889 shares of Rollins, Inc., valued at approximately $3.77 million, making it the firm's 16th largest holding.
• Several hedge funds have increased their stakes in Rollins, with significant acquisitions including GW&K Investment Management raising its position by 961.4%.
• Rollins recently reported $0.30 EPS for the quarter, exceeding analysts' expectations, and declared a quarterly dividend of $0.165 per share.

CHB Investment Group LLC purchased a new position in Rollins, Inc. (NYSE:ROL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 66,889 shares of the business services provider's stock, valued at approximately $3,774,000. Rollins makes up 1.9% of CHB Investment Group LLC's investment portfolio, making the stock its 16th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. City Holding Co. acquired a new position in Rollins in the first quarter worth about $27,000. GW&K Investment Management LLC raised its position 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 in the last quarter. CVA Family Office LLC raised its position 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 in the last quarter. Geneos Wealth Management Inc. raised 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 purchasing an additional 375 shares in the last quarter. Finally, National Pension Service raised its position 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 in the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and increased their price target for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. UBS Group raised their price objective on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Piper Sandler raised their price objective on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Argus started coverage on shares of Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Rollins currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.40.

Insider Buying and Selling at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the transaction, the chairman directly owned 632,727 shares of the company's stock, valued at $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.47% of the stock is currently owned by corporate insiders.

Rollins Price Performance

Shares of ROL stock opened at $55.35 on Wednesday. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.10. The stock has a market cap of $26.83 billion, a PE ratio of 54.80 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. The firm's 50 day moving average price is $56.99 and its two-hundred day moving average price is $55.90.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) 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 firm had revenue of $999.53 million for the quarter, compared to analysts' expectations of $988.77 million. During the same period last year, the firm earned $0.27 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were 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 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.

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