Bridges Investment Management Inc. Lowers Holdings in Rollins, Inc. $ROL

Key Points

• Bridges Investment Management Inc. reduced its stake in Rollins, Inc. by 2.5%, owning approximately 0.05% of the company worth $14.48 million after selling 6,552 shares in the second quarter.
• Rollins reported a 12.1% revenue increase year-over-year, with earnings per share of $0.30, surpassing analysts' expectations of $0.29.
• New price targets have been set for Rollins by various analysts, with Piper Sandler raising their target to $72.00 while Zacks Research downgraded the stock from "strong-buy" to "hold."

Bridges Investment Management Inc. decreased its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 2.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 256,663 shares of the business services provider's stock after selling 6,552 shares during the quarter. Bridges Investment Management Inc. owned approximately 0.05% of Rollins worth $14,481,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ROL. GW&K Investment Management LLC boosted its stake in shares of Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock worth $33,000 after buying an additional 548 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider's stock worth $47,000 after buying an additional 375 shares during the last quarter. National Pension Service raised its holdings in Rollins by 75.0% in the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider's stock worth $58,000 after purchasing an additional 462 shares during the period. HM Payson & Co. acquired a new position in Rollins in the 1st quarter worth about $63,000. Finally, Ameritas Advisory Services LLC acquired a new position in Rollins in the 2nd quarter worth about $77,000. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Price Performance

Shares of Rollins stock opened at $56.01 on Thursday. The business has a 50 day simple moving average of $57.17 and a two-hundred day simple moving average of $56.48. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.12. The stock has a market capitalization of $27.14 billion, a P/E ratio of 55.45 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The business had revenue of $999.53 million during the quarter, compared to analysts' expectations of $988.77 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The business's revenue was up 12.1% compared to the same quarter last year. As a group, analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on ROL. Zacks Research cut Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Piper Sandler upped their price target on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Rollins in a report on Tuesday. UBS Group upped their price target on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Barclays upped their price target on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $62.18.

Insider Activity

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

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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