Rollins, Inc. $ROL is APG Asset Management N.V.'s 9th Largest Position

Key Points

• APG Asset Management N.V. reduced its stake in Rollins, Inc. by 21.3%, now owning 8,392,396 shares, making it the 9th biggest position in its investment portfolio.
• Rollins, Inc. reported earnings of $0.30 per share, beating analysts' expectations, along with a 12.1% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.165 per share, with an annualized dividend yield of 1.1% and a current dividend payout ratio of 65.35%.

APG Asset Management N.V. lowered its position in Rollins, Inc. (NYSE:ROL - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,392,396 shares of the business services provider's stock after selling 2,275,645 shares during the period. Rollins comprises about 1.3% of APG Asset Management N.V.'s portfolio, making the stock its 9th largest position. APG Asset Management N.V. owned about 1.73% of Rollins worth $419,775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Rollins by 3.0% in 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 purchasing an additional 999,797 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Rollins by 11.8% in the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock valued at $141,221,000 after purchasing an additional 322,610 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Rollins by 44.2% in the first quarter. Wellington Management Group LLP now owns 2,917,984 shares of the business services provider's stock valued at $157,659,000 after purchasing an additional 894,731 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Rollins by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,617,940 shares of the business services provider's stock valued at $141,424,000 after buying an additional 98,607 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Rollins by 2.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,301,146 shares of the business services provider's stock valued at $124,331,000 after buying an additional 49,871 shares during the period. Hedge funds and other institutional investors own 51.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ROL. UBS Group increased their price target on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Wells Fargo & Company restated an "overweight" rating and set a $65.00 price target (up previously from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Barclays increased their price target on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Finally, Piper Sandler increased their price target on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $61.40.

Insider Activity at Rollins

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 value of $2,270,800.00. Following the transaction, the chairman 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.47% of the company's stock.

Rollins Price Performance

Shares of ROL stock traded up $0.24 during trading hours on Wednesday, reaching $56.71. The stock had a trading volume of 1,542,904 shares, compared to its average volume of 1,847,691. The stock's fifty day simple moving average is $56.85 and its 200 day simple moving average is $55.18. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10. The firm has a market capitalization of $27.49 billion, a PE ratio of 56.15 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The company 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 earned $0.27 earnings per share. Rollins's revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

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

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.