Alberta Investment Management Corp Has $4.26 Million Stock Holdings in Rollins, Inc. (NYSE:ROL)

Key Points

• Alberta Investment Management Corp increased its holdings in Rollins, Inc. by 19.7%, owning 78,900 shares valued at approximately $4.26 million as of its latest 13F filing with the SEC.
• Insider selling reports indicated that Chairman John F. Wilson sold 40,000 shares for about $2.27 million, resulting in a decrease of 5.69% in their ownership.
• The company recently announced a quarterly dividend of $0.165 per share, with an upcoming payment date of September 10th, reflecting a 1.1% dividend yield.

Alberta Investment Management Corp grew its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 19.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,900 shares of the business services provider's stock after purchasing an additional 13,000 shares during the quarter. Alberta Investment Management Corp's holdings in Rollins were worth $4,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions 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 increased its position in Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after buying an additional 548 shares in the last quarter. Mizuho Bank Ltd. bought a new stake in Rollins in the 4th quarter valued at about $37,000. CVA Family Office LLC increased its position in Rollins by 73.0% in the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after buying an additional 340 shares in the last quarter. Finally, Colonial Trust Co SC increased its position in Rollins by 61.3% in the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after buying an additional 411 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Rollins

In other news, Chairman John F. Wilson sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the transaction, the chairman directly owned 662,727 shares of the company's stock, valued at $37,623,011.79. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the transaction, the insider directly owned 38,028 shares of the company's stock, valued at approximately $2,150,103.12. This represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,921 shares of company stock valued at $4,120,613. 4.47% of the stock is currently owned by corporate insiders.

Rollins Stock Performance

Shares of ROL opened at $57.70 on Friday. The firm has a market capitalization of $27.96 billion, a P/E ratio of 57.13 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 stock has a 50 day moving average price of $56.65 and a two-hundred day moving average price of $54.14. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $58.65.

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, beating the consensus estimate of $0.29 by $0.01. The company 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. Equities analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Argus assumed coverage on Rollins in a research report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 target price for the company. Piper Sandler boosted their target price on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Canaccord Genuity Group boosted their target price on Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, April 25th. The Goldman Sachs Group set a $61.00 price objective on Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, UBS Group boosted their price objective on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Rollins presently has a consensus rating of "Moderate Buy" and an average target price of $61.40.

About Rollins

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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