AlphaQuest LLC Sells 20,734 Shares of Rollins, Inc. $ROL

Key Points

• AlphaQuest LLC has reduced its stake in Rollins, Inc. by 45%, selling 20,734 shares, and now holds 25,327 shares worth $1.36 million.
• In recent analyst updates, Rollins received a mix of ratings, including a "buy" from Argus with a target price of $68.00, while Zacks downgraded it from "strong-buy" to "hold."
• Rollins has announced a quarterly dividend of $0.165 per share, set to be paid on September 10th, with a dividend yield of 1.1%.

AlphaQuest LLC lessened its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 45.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,327 shares of the business services provider's stock after selling 20,734 shares during the period. AlphaQuest LLC's holdings in Rollins were worth $1,368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Rollins by 9.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock valued at $1,353,000 after purchasing an additional 2,574 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Rollins by 56.4% in the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock worth $340,000 after buying an additional 2,254 shares during the period. Pallas Capital Advisors LLC acquired a new stake in shares of Rollins during the 1st quarter worth approximately $225,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Rollins during the 1st quarter worth approximately $464,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of 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 purchasing an additional 120,294 shares during the period. 51.79% of the stock is currently owned by institutional investors.

Rollins Trading Down 0.1%

NYSE ROL opened at $57.95 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $59.10. The stock has a market capitalization of $28.08 billion, a PE ratio of 57.38 and a beta of 0.69. The firm has a 50 day moving average of $56.85 and a two-hundred day moving average of $55.06.

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, topping analysts' consensus estimates of $0.29 by $0.01. The company had revenue of $999.53 million for the quarter, compared to analysts' expectations of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. As a group, research analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

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 given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, August 11th. Rollins's payout ratio is currently 65.35%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Argus assumed coverage on Rollins in a research note on Wednesday, June 18th. They set a "buy" rating and a $68.00 target price for the company. Zacks Research cut Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. UBS Group upped their price target on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Piper Sandler lifted their target price on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and lifted their target price for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $61.40.

Insider Activity

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

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.

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