ASR Vermogensbeheer N.V. Takes $386,000 Position in Rollins, Inc. (NYSE:ROL)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new position in Rollins, Inc., purchasing 7,149 shares valued at approximately $386,000.
• Rollins recently reported quarterly earnings of $0.30 per share, exceeding estimates, with revenues of $999.53 million, a 12.1% year-over-year increase.
• The company has declared a quarterly dividend of $0.165 per share, set to be paid on September 10th, reflecting an annualized dividend yield of 1.1%.

ASR Vermogensbeheer N.V. purchased a new stake in Rollins, Inc. (NYSE:ROL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,149 shares of the business services provider's stock, valued at approximately $386,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Rollins by 9.7% in the 4th 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 acquiring an additional 2,574 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Rollins by 56.4% in the first quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock valued at $340,000 after buying an additional 2,254 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Rollins in the first quarter valued at approximately $225,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Rollins in the first quarter valued at approximately $464,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in Rollins by 305.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock valued at $8,631,000 after purchasing an additional 120,294 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Trading Down 0.9%

Shares of ROL traded down $0.51 during trading hours on Tuesday, reaching $57.91. 1,563,752 shares of the company traded hands, compared to its average volume of 1,697,422. The company's fifty day moving average price is $56.77 and its two-hundred day moving average price is $54.63. The company has a market capitalization of $28.06 billion, a price-to-earnings ratio of 57.33 and a beta of 0.69. 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 12 month low of $45.34 and a 12 month high of $59.10.

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, topping the consensus estimate of $0.29 by $0.01. The business had revenue of $999.53 million during 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 business's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. Equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 11th. Rollins's dividend payout ratio is currently 65.35%.

Insider Buying and Selling

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the company'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 of the company's stock, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.47% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the stock a "buy" rating in a research note on Thursday, April 24th. Piper Sandler boosted 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. Canaccord Genuity Group upped their price target on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, April 25th. Barclays upped 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, Wells Fargo & Company reaffirmed 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. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Rollins presently has an average rating of "Moderate Buy" and a consensus target price of $61.40.

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.