Central Pacific Bank Trust Division Has $889,000 Position in Rollins, Inc. $ROL

Key Points

• Central Pacific Bank Trust Division reduced its stake in Rollins, Inc. by 22.3%, now owning shares valued at $889,000 after selling 4,533 shares in Q2.
• Rollins recently reported a net margin of 13.70% and a revenue increase of 12.1% year-on-year, beating analysts' expectations for the quarter.
• Brokerages have largely upgraded Rollins, with analyst target prices now ranging from $60.00 to $72.00 and a consensus rating of "Moderate Buy".

Central Pacific Bank Trust Division reduced its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 22.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,757 shares of the business services provider's stock after selling 4,533 shares during the period. Central Pacific Bank Trust Division's holdings in Rollins were worth $889,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. City Holding Co. acquired a new position in shares of Rollins in the first quarter valued at $27,000. GW&K Investment Management LLC increased its holdings 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 valued at $33,000 after purchasing an additional 548 shares during the last quarter. CVA Family Office LLC increased its holdings in shares of 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 purchasing an additional 340 shares during the last quarter. Geneos Wealth Management Inc. boosted its position 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 valued at $47,000 after acquiring an additional 375 shares during the period. Finally, National Pension Service boosted its position in shares of Rollins by 75.0% in the first quarter. National Pension Service now owns 1,078 shares of the business services provider's stock valued at $58,000 after acquiring an additional 462 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Rollins Trading Down 1.4%

ROL opened at $57.43 on Friday. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.10. The company has a 50-day simple moving average of $56.97 and a 200 day simple moving average of $55.73. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $27.83 billion, a price-to-earnings ratio of 56.86 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings data 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 net margin of 13.70% and a return on equity of 36.96%. 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 business posted $0.27 earnings per share. Rollins's revenue was up 12.1% compared to the same quarter last year. Analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.1%. Rollins's dividend payout ratio is 65.35%.

Insider Activity at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction dated 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 completion of the transaction, the chairman owned 632,727 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.47% of the company's stock.

Rollins Company 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.

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