23,355 Shares in Rollins, Inc. $ROL Purchased by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC acquired a new stake in Rollins, Inc., purchasing 23,355 shares valued at approximately $1,262,000 in the 1st quarter.
• Rollins, Inc. reported earnings of $0.30 per share for the last quarter, exceeding expectations, with revenue increasing by 12.1% year-over-year to nearly $1 billion.
• The company declared a quarterly dividend of $0.165, which will be paid on September 10th, representing a 1.2% dividend yield and a payout ratio of 65.35%.

Campbell & CO Investment Adviser LLC bought a new stake in Rollins, Inc. (NYSE:ROL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,355 shares of the business services provider's stock, valued at approximately $1,262,000.

Several other hedge funds also recently bought and sold shares of ROL. City Holding Co. acquired a new stake in shares of Rollins during the 1st quarter valued at about $27,000. GW&K Investment Management LLC lifted its stake in Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after acquiring an additional 548 shares during the last quarter. CVA Family Office LLC lifted its stake in Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after acquiring an additional 340 shares during the last quarter. Colonial Trust Co SC grew its position in Rollins by 61.3% in the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock worth $50,000 after acquiring an additional 411 shares in the last quarter. Finally, National Pension Service increased its stake in shares of Rollins by 75.0% during 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 last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rollins

In related news, Chairman John F. Wilson sold 30,000 shares of the company's 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 transaction, the chairman directly owned 632,727 shares in the company, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ROL shares. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and lifted their price objective for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. UBS Group raised their target price on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Piper Sandler upped their price target on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Zacks Research lowered Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Barclays raised their price objective on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Rollins currently has an average rating of "Moderate Buy" and an average price target of $61.40.

Rollins Stock Performance

NYSE ROL traded up $0.30 during trading on Friday, hitting $56.54. The company's stock had a trading volume of 1,881,497 shares, compared to its average volume of 1,364,022. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $59.10. The firm has a market cap of $27.40 billion, a P/E ratio of 55.98 and a beta of 0.69. The firm has a 50 day moving average price of $56.87 and a 200 day moving average price of $55.32. 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 quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The business had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. During the same quarter last year, the company posted $0.27 earnings per share. Rollins's quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is 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 currently 65.35%.

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.