Bayforest Capital Ltd Purchases Shares of 7,922 Rollins, Inc. (NYSE:ROL)

Key Points

• Bayforest Capital Ltd has acquired a $428,000 position in Rollins, Inc. by purchasing 7,922 shares, highlighting ongoing interest from institutional investors in the stock.
• Rollins recently received a series of buy ratings from multiple analysts, with target prices ranging from $60.00 to $68.00, indicating strong market confidence.
• The company declared a quarterly dividend of $0.165, yielding 1.15%, with a record date of August 11th, aiming to reward shareholders amid its strong financial performance.

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Rollins by 9.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock worth $1,353,000 after purchasing an additional 2,574 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Rollins by 56.4% in the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock worth $340,000 after purchasing an additional 2,254 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in shares of Rollins in the 1st quarter worth about $225,000. Oppenheimer & Co. Inc. purchased a new position in shares of Rollins in the 1st quarter worth about $464,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Rollins by 305.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock worth $8,631,000 after purchasing an additional 120,294 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

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 stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the sale, the chairman owned 632,727 shares of the company's stock, 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 legal filing with the SEC, which is available at this link. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction on Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the sale, the insider directly owned 38,028 shares of the company's stock, valued at $2,150,103.12. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,921 shares of company stock valued at $4,120,613 in the last ninety days. 4.47% of the stock is currently owned by corporate insiders.

Rollins Stock Up 0.8%

Shares of ROL stock traded up $0.43 during mid-day trading on Friday, hitting $57.70. The company's stock had a trading volume of 1,919,634 shares, compared to its average volume of 1,604,967. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $58.65. The business has a 50-day moving average price of $56.63 and a 200 day moving average price of $54.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The stock has a market cap of $27.96 billion, a price-to-earnings ratio of 57.13 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping 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 company had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. Rollins's revenue was up 12.1% compared to the same quarter last year. Research analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 11th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. Rollins's payout ratio is presently 65.35%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ROL. Royal Bank Of Canada lifted their price target on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Argus started coverage on Rollins in a research note on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target for the company. Barclays boosted their price target on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Finally, The Goldman Sachs Group set a $61.00 price target on Rollins and gave the stock a "buy" rating in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.40.

Rollins 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.