Aberdeen Group plc Boosts Holdings in Rollins, Inc. $ROL

Key Points

• Aberdeen Group plc increased its stake in Rollins, Inc. by 60.1% in Q1, now holding 236,957 shares valued at approximately $12.68 million.
• Rollins recently reported quarterly earnings of $0.30 EPS, exceeding estimates, with revenues rising by 12.1% year-over-year.
• The company announced a quarterly dividend of $0.165, with a payment date set for September 10th and an annual yield of 1.2%.

Aberdeen Group plc grew its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 60.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 236,957 shares of the business services provider's stock after buying an additional 88,976 shares during the quarter. Aberdeen Group plc's holdings in Rollins were worth $12,677,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ROL. Dimensional Fund Advisors LP boosted its holdings in Rollins by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,940 shares of the business services provider's stock valued at $141,424,000 after acquiring an additional 98,607 shares during the period. Horizon Investments LLC lifted its position in Rollins by 5.8% in the first quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider's stock valued at $219,000 after purchasing an additional 224 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Rollins during the first quarter valued at approximately $307,000. OneAscent Investment Solutions LLC bought a new position in shares of Rollins in the first quarter worth approximately $561,000. Finally, Vestmark Advisory Solutions Inc. grew its holdings in shares of Rollins by 101.4% in the first quarter. Vestmark Advisory Solutions Inc. now owns 196,436 shares of the business services provider's stock worth $10,613,000 after purchasing an additional 98,895 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on ROL. Piper Sandler upped their price target on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, July 25th. UBS Group upped their price objective on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Barclays increased their target price on shares of Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Zacks Research downgraded shares of Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.40.

Rollins Stock Down 0.1%

Rollins stock traded down $0.05 during mid-day trading on Friday, hitting $57.95. The company had a trading volume of 1,117,500 shares, compared to its average volume of 1,849,961. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10. The company has a market capitalization of $28.08 billion, a PE ratio of 57.38 and a beta of 0.69. The stock's 50 day moving average price is $56.83 and its two-hundred day moving average price is $54.99. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34.

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

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be paid a $0.165 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. Rollins's payout ratio is currently 65.35%.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the company'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 owned 662,727 shares in the company, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.47% of the company's stock.

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.