Aware Super Pty Ltd as trustee of Aware Super Sells 404,666 Shares of Rollins, Inc. $ROL

Key Points

• Aware Super cut its Rollins stake by 88.9%, selling 404,666 shares in the third quarter and retaining 50,448 shares valued at $1.519 million.
• Rollins reported quarterly EPS of $0.34, matching expectations, while revenue of $1.09 billion fell short of estimates but rose 6.2% year over year.
• Rollins raised its quarterly dividend to $0.20 per share from $0.1825, equivalent to an annualized dividend of $0.80 and a 2.1% yield.

Aware Super Pty Ltd as trustee of Aware Super reduced its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 88.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,448 shares of the business services provider's stock after selling 404,666 shares during the quarter. Aware Super Pty Ltd as trustee of Aware Super's holdings in Rollins were worth $1,519,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in Rollins during the 2nd quarter valued at $1,204,334,000. State Street Corp raised its stake in shares of Rollins by 3.7% in the second quarter. State Street Corp now owns 13,561,228 shares of the business services provider's stock worth $566,046,000 after purchasing an additional 488,046 shares during the last quarter. AMF Tjanstepension AB raised its stake in shares of Rollins by 2.4% in the first quarter. AMF Tjanstepension AB now owns 3,669,234 shares of the business services provider's stock worth $195,974,000 after purchasing an additional 87,139 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Rollins by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,858,888 shares of the business services provider's stock worth $152,686,000 after purchasing an additional 94,116 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Rollins by 73.3% during the first quarter. Bessemer Group Inc. now owns 1,879,120 shares of the business services provider's stock valued at $100,365,000 after purchasing an additional 794,722 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

NYSE ROL opened at $37.40 on Wednesday. Rollins, Inc. has a 52 week low of $29.28 and a 52 week high of $66.14. The firm has a market capitalization of $17.88 billion, a P/E ratio of 31.33, a PEG ratio of 4.08 and a beta of 0.73. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $33.51 and a 200-day moving average price of $46.73.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, October 21st. The business services provider reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Rollins had a net margin of 13.19% and a return on equity of 39.43%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.35 earnings per share. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. Equities research analysts anticipate that Rollins, Inc. will post 1.14 earnings per share for the current year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a $0.20 dividend. This is a positive change from Rollins's previous quarterly dividend of $0.1825. The ex-dividend date is Tuesday, November 10th. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. Rollins's dividend payout ratio (DPR) is currently 66.97%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler cut Rollins from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $46.00 to $33.00 in a research report on Wednesday, September 23rd. Weiss Ratings lowered Rollins from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, October 28th. Canaccord Genuity Group set a $33.00 target price on Rollins and gave the stock a "hold" rating in a research report on Friday, October 23rd. Raymond James Financial set a $35.00 target price on shares of Rollins in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Rollins from $40.00 to $35.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Rollins currently has an average rating of "Hold" and a consensus target price of $39.25.

Rollins Company Profile

Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.

Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company's best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.

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