American Century Companies Inc. Has $6.51 Million Holdings in Rollins, Inc. $ROL

Key Points

• American Century Companies Inc. increased its stake in Rollins, Inc. by 54.1%, purchasing 42,284 additional shares during the first quarter, bringing their total holdings to 120,415 shares valued at approximately $6.5 million.
• Several analysts have given Rollins positive ratings with price targets ranging from $60 to $68, reflecting a consensus recommendation of "Moderate Buy" with an average price target of $61.40.
• Rollins, Inc. reported earnings of $0.30 per share for the recent quarter, exceeding analysts' estimates and showing a revenue increase of 12.1% compared to the same quarter last year.

American Century Companies Inc. boosted its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 54.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,415 shares of the business services provider's stock after purchasing an additional 42,284 shares during the period. American Century Companies Inc.'s holdings in Rollins were worth $6,506,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Rollins by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider's stock worth $1,876,815,000 after purchasing an additional 999,797 shares in the last quarter. Northern Trust Corp increased its holdings in Rollins by 11.8% during the 4th quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock worth $141,221,000 after purchasing an additional 322,610 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Rollins by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,940 shares of the business services provider's stock worth $141,424,000 after purchasing an additional 98,607 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Rollins by 2.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,301,146 shares of the business services provider's stock worth $124,331,000 after purchasing an additional 49,871 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Rollins by 17.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,860,798 shares of the business services provider's stock worth $86,248,000 after purchasing an additional 279,855 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

Rollins Stock Performance

NYSE:ROL traded up $0.30 during mid-day trading on Friday, hitting $56.54. The stock had a trading volume of 1,881,497 shares, compared to its average volume of 1,364,022. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.10. The stock has a market cap of $27.40 billion, a price-to-earnings ratio of 55.98 and a beta of 0.69. The company's 50 day simple moving average is $56.87 and its 200 day simple moving average is $55.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68.

Rollins (NYSE:ROL - Get Free Report) last issued 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 business had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. Rollins's revenue was up 12.1% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. On average, equities research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be given a dividend of $0.165 per share. The ex-dividend date is Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.2%. Rollins's dividend payout ratio (DPR) is 65.35%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ROL. Zacks Research downgraded shares of Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and increased their price objective for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. Argus began coverage on shares of Rollins in a research note on Wednesday, June 18th. They set a "buy" rating and a $68.00 price objective for the company. Wells Fargo & Company restated an "overweight" rating and set a $65.00 price objective (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Finally, Piper Sandler increased their price objective on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $61.40.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.47% of the stock is owned by company insiders.

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.