Caxton Associates LLP Takes Position in Rollins, Inc. $ROL

Key Points

• Caxton Associates LLP has acquired a new stake in Rollins, Inc. during the 1st quarter, purchasing 8,348 shares valued at approximately $451,000.
• Several analysts have raised their price targets for Rollins, with Barclays increasing it to $60.00 and Wells Fargo to $65.00, reflecting a general confidence in the company's performance.
• Rollins announced a quarterly dividend of $0.165, which represents an annualized yield of 1.1%, with a dividend payout ratio currently at 65.35%.

Caxton Associates LLP acquired a new stake in Rollins, Inc. (NYSE:ROL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,348 shares of the business services provider's stock, valued at approximately $451,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. City Holding Co. acquired a new position in shares of Rollins in the 1st quarter valued at about $27,000. GW&K Investment Management LLC increased its holdings in Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after purchasing an additional 548 shares in the last quarter. CVA Family Office LLC increased its holdings in Rollins by 73.0% in the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after purchasing an additional 340 shares in the last quarter. National Pension Service increased 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 valued at $58,000 after purchasing an additional 462 shares in the last quarter. Finally, HM Payson & Co. acquired a new stake in Rollins in the 1st quarter valued at $63,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays increased their price target on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. UBS Group increased their price target on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Wells Fargo & Company reiterated an "overweight" rating and issued a $65.00 price target (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Piper Sandler lifted their price target on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Argus initiated coverage on shares of Rollins in a research note on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $61.40.

Rollins Stock Performance

Shares of ROL opened at $57.43 on Friday. The firm has a market cap of $27.83 billion, a price-to-earnings ratio of 56.86 and a beta of 0.69. The business's 50 day moving average is $56.97 and its two-hundred day moving average is $55.69. 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, Inc. has a 52-week low of $45.34 and a 52-week high of $59.10.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $999.53 million for 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%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. Analysts forecast 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. Investors of record on Monday, August 11th were issued a $0.165 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.1%. Rollins's dividend payout ratio is currently 65.35%.

Insider Transactions 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 shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the sale, the chairman directly owned 632,727 shares of the company's stock, valued at $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.47% of the stock is owned by corporate 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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