Assenagon Asset Management S.A. Has $9.82 Million Stock Holdings in Rollins, Inc. $ROL

Key Points

• Assenagon Asset Management S.A. has significantly reduced its stake in Rollins, Inc., lowering its holdings by 73.7% to 174,038 shares, valued at approximately $9.82 million.
• Rollins reported a net margin of 13.7% and a 12.1% year-over-year revenue increase for the quarter, with earnings per share surpassing estimates.
• The company recently declared a quarterly dividend of $0.165 per share, resulting in an annualized dividend yield of 1.2%.

Assenagon Asset Management S.A. lowered its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 73.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 174,038 shares of the business services provider's stock after selling 488,230 shares during the period. Assenagon Asset Management S.A.'s holdings in Rollins were worth $9,819,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. City Holding Co. acquired a new position in Rollins during the first quarter worth about $27,000. GW&K Investment Management LLC grew its holdings in shares of Rollins by 961.4% during the 1st 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 during the last quarter. CVA Family Office LLC increased its position in Rollins by 73.0% during the 1st 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. Geneos Wealth Management Inc. increased its position in Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider's stock worth $47,000 after purchasing an additional 375 shares in the last quarter. Finally, National Pension Service lifted its stake in Rollins by 75.0% in the 1st 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 during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction 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 directly owned 632,727 shares in the company, valued at approximately $36,723,475.08. This trade represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.47% of the company's stock.

Rollins Trading Down 0.4%

NYSE:ROL opened at $55.35 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. Rollins, Inc. has a one year low of $45.34 and a one year high of $59.10. The company has a market cap of $26.83 billion, a PE ratio of 54.80 and a beta of 0.69. The firm has a 50-day moving average of $56.99 and a 200-day moving average of $55.90.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $999.53 million for 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 firm's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 EPS. As a group, equities research analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were issued a dividend of $0.165 per share. The ex-dividend date was Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.2%. Rollins's dividend payout ratio is 65.35%.

Analyst Ratings Changes

ROL has been the topic of a number of research reports. Zacks Research cut shares of Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Piper Sandler boosted their price objective on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. UBS Group increased their target price on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Argus initiated coverage on Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target on the stock. Finally, Barclays raised their price objective on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a 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. According to MarketBeat.com, Rollins presently has an average rating of "Moderate Buy" and an average target price of $61.40.

Rollins 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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