Rollins, Inc. $ROL Shares Purchased by Allstate Corp

Key Points

• Allstate Corp increased its stake in Rollins, Inc. by 170%, owning 21,921 shares valued at approximately $1,184,000 after purchasing an additional 13,803 shares.
• Rollins recently reported an earnings per share (EPS) of $0.30, exceeding expectations, with revenue of $999.53 million, representing a 12.1% increase compared to the previous year.
• The company announced a quarterly dividend of $0.165 per share, yielding approximately 1.1%, payable on September 10th to shareholders of record as of August 11th.

Allstate Corp raised its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 170.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,921 shares of the business services provider's stock after purchasing an additional 13,803 shares during the quarter. Allstate Corp's holdings in Rollins were worth $1,184,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ROL. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Rollins during the 4th quarter valued at about $81,747,000. AMF Tjanstepension AB acquired a new position in Rollins in the 1st quarter worth about $64,636,000. BLI Banque de Luxembourg Investments acquired a new position in Rollins in the 4th quarter worth about $50,161,000. Nuveen LLC acquired a new position in Rollins in the 1st quarter worth about $54,685,000. Finally, Vanguard Group Inc. raised its holdings in shares of Rollins by 3.0% during the first quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider's stock valued at $1,876,815,000 after acquiring an additional 999,797 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Trading Down 0.3%

Rollins stock traded down $0.18 during mid-day trading on Tuesday, hitting $56.46. The company's stock had a trading volume of 2,565,074 shares, compared to its average volume of 1,331,708. The firm has a market capitalization of $27.36 billion, a PE ratio of 55.90 and a beta of 0.69. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.10. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The stock's fifty day moving average is $56.85 and its two-hundred day moving average is $55.18.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 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 business had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. During the same period last year, the business posted $0.27 earnings per share. The company's quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

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

Insider Activity

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the sale, the chairman directly owned 632,727 shares in the company, valued at $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wells Fargo & Company reissued an "overweight" rating and set a $65.00 target price (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. UBS Group increased their target price on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Barclays increased their price target on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and increased their price target for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Finally, Zacks Research cut Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.