Allianz Asset Management GmbH Boosts Stock Position in Rollins, Inc. (NYSE:ROL)

Allianz Asset Management GmbH raised its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 102.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,000 shares of the business services provider's stock after purchasing an additional 19,708 shares during the period. Allianz Asset Management GmbH's holdings in Rollins were worth $2,107,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ROL. City Holding Co. purchased a new position in shares of Rollins during the first quarter worth approximately $27,000. Mizuho Bank Ltd. purchased a new position in shares of Rollins during the fourth quarter worth approximately $37,000. CVA Family Office LLC grew its position in shares of Rollins by 73.0% during the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after acquiring an additional 340 shares during the last quarter. Colonial Trust Co SC grew its position in shares of Rollins by 61.3% during the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock worth $50,000 after acquiring an additional 411 shares during the last quarter. Finally, HM Payson & Co. purchased a new position in shares of Rollins during the first quarter worth approximately $63,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the transaction, the insider owned 38,028 shares in the company, valued at $2,150,103.12. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the transaction, the chairman owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 71,921 shares of company stock valued at $4,120,613. 4.47% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ROL shares. Wells Fargo & Company restated an "overweight" rating and set a $65.00 target price (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. Jefferies Financial Group raised 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 report on Monday, June 2nd. Canaccord Genuity Group increased their price target on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, April 25th. Finally, Piper Sandler increased their price target on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Rollins has a consensus rating of "Moderate Buy" and an average target price of $61.40.

Rollins Price Performance

Rollins stock traded up $0.43 during midday trading on Friday, reaching $57.70. The company's stock had a trading volume of 1,919,634 shares, compared to its average volume of 1,604,967. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $58.65. 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's 50 day simple moving average is $56.63 and its 200 day simple moving average is $54.02. The firm has a market capitalization of $27.96 billion, a PE ratio of 57.13 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 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%. The company had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. During the same quarter last year, the company earned $0.27 earnings per share. Rollins's quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders 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 dividend on an annualized basis and a yield of 1.1%. Rollins's dividend payout ratio (DPR) is 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.