AMF Tjanstepension AB Raises Stock Position in Rollins, Inc. $ROL

Key Points

• AMF Tjanstepension AB increased its stake in Rollins, Inc. by 196.2%, acquiring a total of 3,542,898 shares, which now represent 1.3% of its holdings.
• Rollins reported a revenue of $999.53 million for the recent quarter, exceeding estimates and reflecting a 12.1% increase year-over-year, along with an EPS of $0.30.
• The company announced a quarterly dividend of $0.165 per share, with an annualized yield of 1.1% and a payout ratio of 65.35%.

AMF Tjanstepension AB lifted its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 196.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,542,898 shares of the business services provider's stock after acquiring an additional 2,346,592 shares during the quarter. Rollins makes up approximately 1.3% of AMF Tjanstepension AB's holdings, making the stock its 21st biggest holding. AMF Tjanstepension AB owned about 0.73% of Rollins worth $199,937,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. City Holding Co. bought a new position in shares of Rollins during the first quarter valued at approximately $27,000. GW&K Investment Management LLC boosted its stake in shares of Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after purchasing an additional 548 shares in the last quarter. CVA Family Office LLC boosted its stake 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 valued at $44,000 after purchasing an additional 340 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider's stock valued at $47,000 after purchasing an additional 375 shares in the last quarter. Finally, National Pension Service boosted its stake in shares of Rollins by 75.0% during the first quarter. National Pension Service now owns 1,078 shares of the business services provider's stock valued at $58,000 after purchasing an additional 462 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction 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 approximately $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.47% of the company's stock.

Rollins Price Performance

Shares of ROL opened at $58.74 on Friday. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.12. The company has a 50 day moving average of $57.27 and a two-hundred day moving average of $56.22. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a market cap of $28.47 billion, a price-to-earnings ratio of 58.16 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings data 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 net margin of 13.70% and a return on equity of 36.96%. The business had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were paid 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 was Monday, August 11th. Rollins's payout ratio is presently 65.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ROL shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of Rollins in a research note on Saturday, September 27th. Piper Sandler increased their price objective on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Wells Fargo & Company reiterated 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. Barclays raised their target price on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Finally, Argus started coverage on shares of Rollins in a research note on Wednesday, June 18th. They issued a "buy" rating and a $68.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Rollins has an average rating of "Moderate Buy" and an average price target of $62.18.

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.

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