Asset Advisors Investment Management LLC Raises Stock Holdings in Rollins, Inc. $ROL

Key Points

• Asset Advisors Investment Management LLC increased its stake in Rollins, Inc. by 22.8% during Q2, owning 41,447 shares valued at approximately $2.34 million.
• Major institutional investors like Vanguard Group and Wellington Management have also boosted their positions in Rollins, indicating strong support for the stock.
• Rollins recently declared a quarterly dividend of $0.165 per share, representing an annualized yield of 1.1% and a dividend payout ratio of 65.35%.

Asset Advisors Investment Management LLC increased its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 22.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,447 shares of the business services provider's stock after purchasing an additional 7,697 shares during the period. Asset Advisors Investment Management LLC's holdings in Rollins were worth $2,338,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Rollins by 3.0% during 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Rollins by 0.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider's stock worth $553,464,000 after acquiring an additional 38,503 shares in the last quarter. Wellington Management Group LLP grew its position in 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 worth $157,659,000 after acquiring an additional 894,731 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Rollins by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,617,940 shares of the business services provider's stock worth $141,424,000 after acquiring an additional 98,607 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of 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. 51.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. 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 note on Wednesday, June 25th. Zacks Research downgraded Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. UBS Group upped their price target on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on Rollins in a research report on Friday, September 26th. They set an "overweight" rating and a $70.00 price target on the stock. Finally, Piper Sandler boosted their price objective on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Rollins has an average rating of "Moderate Buy" and an average price target of $62.18.

Insider Buying and Selling at Rollins

In related 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 sale, the chairman directly owned 632,727 shares in the company, valued at $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 available through the SEC website. Insiders own 4.47% of the company's stock.

Rollins Stock Up 0.4%

ROL stock opened at $58.34 on Friday. The company has a market cap of $28.27 billion, a price-to-earnings ratio of 57.76 and a beta of 0.69. 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 $59.12. The firm has a 50-day moving average of $57.25 and a two-hundred day moving average of $56.18.

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 the consensus estimate of $988.77 million. During the same quarter in the prior year, the firm earned $0.27 EPS. Rollins's quarterly revenue was up 12.1% on a year-over-year basis. As a group, analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, August 11th. Rollins's dividend payout ratio (DPR) is presently 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.

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