Advisors Asset Management Inc. Purchases 34,093 Shares of Rollins, Inc. $ROL

Key Points

• Advisors Asset Management Inc. increased its stake in Rollins, Inc. by 26.5%, now owning approximately $8.81 million worth of stock after acquiring an additional 34,093 shares in the first quarter.
• The company reported a 12.1% year-over-year revenue increase, with quarterly earnings per share beating analysts' expectations, showing a net margin of 13.70% and a return on equity of 36.96%.
• Rollins declared a quarterly dividend of $0.165 per share, with a yield of 1.2%, to be paid on September 10th, following an ex-dividend date of August 11th.

Advisors Asset Management Inc. lifted its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 26.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,988 shares of the business services provider's stock after purchasing an additional 34,093 shares during the quarter. Advisors Asset Management Inc.'s holdings in Rollins were worth $8,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. City Holding Co. purchased a new position in shares of Rollins in the first quarter worth $27,000. GW&K Investment Management LLC increased its position in Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after acquiring an additional 548 shares during the last quarter. CVA Family Office LLC increased 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 acquiring an additional 340 shares during the last quarter. National Pension Service increased its position in Rollins by 75.0% during the first quarter. National Pension Service now owns 1,078 shares of the business services provider's stock valued at $58,000 after acquiring an additional 462 shares during the last quarter. Finally, Colonial Trust Co SC increased its position in Rollins by 61.3% during the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after acquiring an additional 411 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Insider Activity

In related news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction dated 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 sale, the chairman owned 632,727 shares in the company, valued at approximately $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays upped their price objective on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Piper Sandler upped their price objective on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and upped their price objective for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Zacks Research cut Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, UBS Group upped their price target on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $61.40.

Rollins Price Performance

Shares of NYSE:ROL traded down $0.33 during trading on Tuesday, hitting $56.80. 435,573 shares of the company's stock were exchanged, compared to its average volume of 1,819,508. 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, Inc. has a 52-week low of $45.34 and a 52-week high of $59.10. The business's 50-day simple moving average is $56.88 and its 200 day simple moving average is $55.59. The company has a market cap of $27.53 billion, a price-to-earnings ratio of 56.20 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last released its 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. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The firm had revenue of $999.53 million during the quarter, compared to analysts' expectations of $988.77 million. During the same quarter last year, the business posted $0.27 earnings per share. The firm's revenue was up 12.1% on a year-over-year basis. As a group, equities analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. Rollins's dividend payout ratio (DPR) is currently 65.35%.

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.