Rollins, Inc. $ROL Shares Bought by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Rollins, Inc. by 15.6% during the 1st quarter, now owning approximately 1.37 million shares valued at $74.22 million.
• Rollins reported quarterly earnings of $0.30 per share, surpassing expectations, with a revenue of $999.53 million, marking a 12.1% year-over-year growth.
• The company declared a quarterly dividend of $0.165 per share, reflecting a dividend yield of 1.2% for stockholders of record by August 11th.

Ameriprise Financial Inc. lifted its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 15.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,373,611 shares of the business services provider's stock after buying an additional 184,868 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.28% of Rollins worth $74,221,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ROL. City Holding Co. purchased a new position in Rollins during the first quarter worth approximately $27,000. GW&K Investment Management LLC boosted its position in Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock worth $33,000 after purchasing an additional 548 shares in the last quarter. CVA Family Office LLC boosted its position in 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 purchasing an additional 340 shares in the last quarter. Colonial Trust Co SC boosted its position in 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 purchasing an additional 411 shares in the last quarter. Finally, National Pension Service boosted its position in Rollins by 75.0% during the first quarter. National Pension Service now owns 1,078 shares of the business services provider's stock worth $58,000 after purchasing an additional 462 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Trading Up 0.5%

Rollins stock traded up $0.30 during trading on Friday, reaching $56.54. 1,881,497 shares of the company were exchanged, compared to its average volume of 1,364,022. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.10. The company has a market capitalization of $27.40 billion, a P/E ratio of 55.98 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The stock's 50 day simple moving average is $56.87 and its two-hundred day simple moving average is $55.32.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping 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 firm had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. During the same quarter last year, the business posted $0.27 earnings per share. The firm's revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors 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 dividend on an annualized basis and a yield of 1.2%. Rollins's dividend payout ratio (DPR) is presently 65.35%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research downgraded Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Jefferies Financial Group upgraded 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 research report on Monday, June 2nd. Barclays increased their target price on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Argus started coverage on Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 target price for the company. Finally, Piper Sandler increased their target price on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Rollins presently has a consensus rating of "Moderate Buy" and an average target price of $61.40.

Insider Buying and Selling

In related news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the transaction, the chairman owned 632,727 shares in the company, valued at approximately $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.47% of the company's stock.

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.