Avior Wealth Management LLC Has $658,000 Position in Rollins, Inc. $ROL

Key Points

• Avior Wealth Management LLC increased its stake in Rollins, Inc. by 186.3% in the second quarter, owning 11,665 shares valued at $658,000.
• Several institutional investors have also increased their positions in Rollins, contributing to over 51% ownership of the stock by institutional investors and hedge funds.
• Rollins, Inc. reported a quarterly EPS of $0.30, exceeding estimates, with revenue growth of 12.1% year-over-year for the quarter.

Avior Wealth Management LLC raised its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 186.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,665 shares of the business services provider's stock after buying an additional 7,591 shares during the quarter. Avior Wealth Management LLC's holdings in Rollins were worth $658,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ROL. City Holding Co. acquired a new position in shares of Rollins during the 1st quarter worth about $27,000. GW&K Investment Management LLC grew its position 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 worth $33,000 after buying an additional 548 shares during the period. CVA Family Office LLC grew its position in shares of 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 buying an additional 340 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Rollins by 75.8% during the 1st 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 lifted its holdings in shares of Rollins by 75.0% during 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 in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman John F. Wilson sold 30,000 shares of the company's stock in a transaction that occurred 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 sale, the chairman owned 632,727 shares in the company, valued at $36,723,475.08. This represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 4.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ROL shares. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and lifted their price objective for the company from $55.00 to $65.00 in a report on Monday, June 2nd. UBS Group lifted their price objective on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Barclays lifted their price objective on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Zacks Research cut Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Piper Sandler lifted their price objective on 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 issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $62.18.

Rollins Trading Up 0.1%

NYSE ROL opened at $58.47 on Tuesday. The stock has a market capitalization of $28.33 billion, a price-to-earnings ratio of 57.89 and a beta of 0.69. The stock's 50 day moving average price is $57.12 and its two-hundred day moving average price is $56.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $59.10.

Rollins (NYSE:ROL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The firm had revenue of $999.53 million for the quarter, compared to analysts' expectations of $988.77 million. During the same quarter in the previous year, the business posted $0.27 EPS. The business's quarterly revenue was up 12.1% compared to the same quarter last year. As a group, analysts anticipate 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. The ex-dividend date was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.1%. Rollins's dividend payout ratio is currently 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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