Bank Julius Baer & Co. Ltd Zurich Sells 129,473 Shares of Rollins, Inc. $ROL

Key Points

• Bank Julius Baer & Co. cut its Rollins stake by 45.6% in the third quarter, selling 129,473 shares and retaining 154,501 shares valued at about $4.7 million.
• Rollins matched quarterly EPS expectations at $0.34, while revenue of $1.09 billion fell short of analyst estimates but rose 6.2% year over year.
• The company raised its quarterly dividend from $0.1825 to $0.20 per share. Analysts’ consensus rating was Hold, with an average price target of $39.25.

Bank Julius Baer & Co. Ltd Zurich cut its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 45.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,501 shares of the business services provider's stock after selling 129,473 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Rollins were worth $4,655,000 as of its most recent filing with the Securities and Exchange Commission.

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

Rollins Stock Up 3.8%

Shares of NYSE:ROL opened at $37.40 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.58 and a current ratio of 0.62. Rollins, Inc. has a 1 year low of $29.28 and a 1 year high of $66.14. The stock has a market capitalization of $17.88 billion, a P/E ratio of 34.31, a PEG ratio of 4.08 and a beta of 0.73. The stock has a 50-day simple moving average of $33.51 and a 200-day simple moving average of $46.73.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The business services provider reported $0.34 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 firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.35 earnings per share. Rollins's revenue for the quarter was up 6.2% compared to the same quarter last year. Equities analysts forecast that Rollins, Inc. will post 1.14 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.20 per share. This is an increase from Rollins's previous quarterly dividend of $0.1825. This represents a $0.80 annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, November 10th. Rollins's payout ratio is presently 66.97%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ROL shares. Bank of America cut shares of Rollins from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $55.00 to $35.00 in a research report on Thursday, July 23rd. Piper Sandler lowered shares of Rollins from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $46.00 to $33.00 in a research report on Wednesday, September 23rd. Argus downgraded shares of Rollins from a "buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Canaccord Genuity Group set a $33.00 price target on shares of Rollins and gave the company a "hold" rating in a report on Friday, October 23rd. Finally, Morgan Stanley dropped their price objective on Rollins from $45.00 to $43.00 and set an "overweight" rating for the company in a report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average 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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