Bayforest Capital Ltd Makes New $428,000 Investment in Rollins, Inc. $ROL

Key Points

• Bayforest Capital Ltd has made a new investment of approximately $428,000 in Rollins, Inc. by acquiring 7,922 shares of the company.
• Rollins recently declared a quarterly dividend of $0.165 per share, with the payout representing a dividend yield of 1.2%.
• The company's stock has been upgraded by several analysts, including a rating increase to "buy" from Jefferies Financial Group, with a target price boost from $55.00 to $65.00.

Bayforest Capital Ltd bought a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,922 shares of the business services provider's stock, valued at approximately $428,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. City Holding Co. acquired a new stake in shares of Rollins in the 1st quarter worth approximately $27,000. GW&K Investment Management LLC boosted its stake 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 buying an additional 548 shares during the last quarter. CVA Family Office LLC lifted its stake in Rollins by 73.0% during the first 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 during the last quarter. National Pension Service increased its position in Rollins by 75.0% in the first quarter. National Pension Service now owns 1,078 shares of the business services provider's stock worth $58,000 after buying an additional 462 shares during the period. Finally, HM Payson & Co. acquired a new position in Rollins during the 1st quarter valued at about $63,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chairman directly owned 632,727 shares in the company, valued at $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.47% of the company's stock.

Rollins Stock Up 0.3%

Rollins stock opened at $57.29 on Wednesday. The company's 50-day moving average price is $56.90 and its two-hundred day moving average price is $55.60. The stock has a market cap of $27.76 billion, a P/E ratio of 56.72 and a beta of 0.69. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.10. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

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

Rollins Dividend Announcement

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

Wall Street Analyst Weigh In

ROL has been the topic of several recent analyst reports. Argus started coverage on Rollins in a research report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target on the stock. Zacks Research lowered Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and boosted their target price for the stock 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 research report on Friday, July 25th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $65.00 target price (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $61.40.

About Rollins

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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