Rollins, Inc. $ROL Shares Acquired by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets increased its stake in Rollins, Inc. by 22.4% during Q1, owning approximately 0.15% of the company valued at $38.9 million.
• Rollins reported earnings of $0.30 EPS for the last quarter, which exceeded expectations, alongside 12.1% revenue growth year-over-year.
• The company announced a quarterly dividend of $0.165, translating to a 1.2% yield, payable to shareholders on September 10th.

BNP Paribas Financial Markets increased its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 22.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 720,619 shares of the business services provider's stock after buying an additional 131,724 shares during the quarter. BNP Paribas Financial Markets owned about 0.15% of Rollins worth $38,935,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ROL. Bank Pictet & Cie Europe AG lifted its position in Rollins by 6.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider's stock worth $3,061,000 after buying an additional 4,100 shares in the last quarter. Lido Advisors LLC raised its position in Rollins by 45.3% in the fourth quarter. Lido Advisors LLC now owns 12,808 shares of the business services provider's stock valued at $594,000 after purchasing an additional 3,994 shares during the period. Schonfeld Strategic Advisors LLC raised its position in Rollins by 736.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 82,438 shares of the business services provider's stock valued at $3,821,000 after purchasing an additional 72,581 shares during the period. BLI Banque de Luxembourg Investments purchased a new stake in Rollins in the fourth quarter valued at $50,161,000. Finally, Benjamin Edwards Inc. raised its position in Rollins by 34.5% in the fourth quarter. Benjamin Edwards Inc. now owns 19,966 shares of the business services provider's stock valued at $925,000 after purchasing an additional 5,117 shares during the period. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Trading Down 0.7%

Shares of ROL stock traded down $0.40 on Friday, hitting $56.46. The stock had a trading volume of 737,671 shares, compared to its average volume of 1,828,324. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The firm has a market capitalization of $27.36 billion, a P/E ratio of 55.94 and a beta of 0.69. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.10. The company's 50 day moving average price is $56.87 and its 200-day moving average price is $55.44.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share 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 for the quarter, compared to the consensus estimate of $988.77 million. During the same quarter in the prior year, the business earned $0.27 EPS. Rollins's revenue was up 12.1% on a year-over-year basis. Analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

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

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the company's stock in a transaction dated 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 Securities & Exchange Commission, which is available through this link. 4.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler raised their price objective on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and raised their price objective for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. UBS Group raised their price objective on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Argus assumed coverage on Rollins in a research report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price objective for the company. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $65.00 price objective (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Rollins presently has a consensus rating of "Moderate Buy" and an average target price 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.