Algert Global LLC Purchases 87,144 Shares of Rollins, Inc. $ROL

Key Points

• Algert Global LLC increased its stake in Rollins, Inc. by 540.6% in Q1, acquiring an additional 87,144 shares for a total of 103,264 shares, valued at approximately $5.58 million.
• Analysts maintain a strong outlook for Rollins, with nine buy ratings and an average price target of $61.40, indicating positive market sentiment.
• Rollins announced a quarterly dividend of $0.165 per share, with an annualized yield of 1.2%, reflecting the company's financial stability.

Algert Global LLC boosted its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 540.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,264 shares of the business services provider's stock after acquiring an additional 87,144 shares during the quarter. Algert Global LLC's holdings in Rollins were worth $5,579,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Rollins by 9.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock worth $1,353,000 after acquiring an additional 2,574 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Rollins by 56.4% during the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock worth $340,000 after acquiring an additional 2,254 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in Rollins during the 1st quarter worth approximately $225,000. Oppenheimer & Co. Inc. bought a new stake in Rollins during the 1st quarter worth approximately $464,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Rollins by 305.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock worth $8,631,000 after acquiring an additional 120,294 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Rollins Stock Down 0.1%

ROL traded down $0.05 during midday 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 52 week low of $45.34 and a 52 week high of $59.10. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $28.08 billion, a price-to-earnings ratio of 57.38 and a beta of 0.69. The stock's 50 day moving average price is $56.83 and its 200 day moving average price is $54.99.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share 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 analyst estimates of $988.77 million. During the same period last year, the firm earned $0.27 earnings per share. The business's quarterly revenue was up 12.1% compared to the same quarter last year. On average, research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

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

Insider Buying and Selling at Rollins

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the transaction, the chairman directly owned 662,727 shares of the company's stock, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.47% of the company's stock.

Wall Street Analyst Weigh In

ROL has been the topic of a number of research reports. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and boosted their target price for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Argus assumed coverage on shares of Rollins in a research note on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective on the stock. Canaccord Genuity Group upped their price objective on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, April 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. Finally, The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.40.

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.