Charles Schwab Investment Management Inc. Grows Stock Holdings in Rollins, Inc. (NYSE:ROL)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Rollins, Inc. by 2.2% during Q1, holding approximately $124.33 million in stock as of its latest SEC filing.
• Rollins reported a 12.1% increase in quarterly revenue year-over-year, reaching $999.53 million and beating analysts' expectations for earnings per share by $0.01.
• The company announced a quarterly dividend of $0.165 per share, scheduled to be paid on September 10th, representing an annualized yield of 1.1%.

Charles Schwab Investment Management Inc. lifted its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,301,146 shares of the business services provider's stock after acquiring an additional 49,871 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.47% of Rollins worth $124,331,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ROL. Marshall Wace LLP boosted its holdings in shares of Rollins by 389.2% during the 4th quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock valued at $128,396,000 after acquiring an additional 2,203,859 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Rollins during the 4th quarter valued at $81,747,000. BLI Banque de Luxembourg Investments bought a new position in Rollins during the 4th quarter worth $50,161,000. Vanguard Group Inc. raised its position in Rollins by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider's stock worth $1,876,815,000 after purchasing an additional 999,797 shares during the last quarter. Finally, Manning & Napier Advisors LLC raised its position in Rollins by 372.7% during the 1st quarter. Manning & Napier Advisors LLC now owns 1,267,167 shares of the business services provider's stock worth $68,465,000 after purchasing an additional 999,112 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Trading Up 0.2%

Shares of NYSE:ROL traded up $0.11 on Friday, reaching $57.53. 493,703 shares of the company traded hands, compared to its average volume of 1,867,555. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $27.88 billion, a P/E ratio of 56.96 and a beta of 0.69. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $59.10. The business's 50-day simple moving average is $56.77 and its 200 day simple moving average is $54.71.

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, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $999.53 million for the quarter, compared to analysts' expectations of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%. The business's revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. As a group, equities analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 11th. Rollins's payout ratio is presently 65.35%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ROL shares. Piper Sandler raised their target price on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Argus initiated coverage on Rollins in a research report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective for the company. The Goldman Sachs Group set a $61.00 price objective on Rollins and gave the stock a "buy" rating in a research report on Thursday, April 24th. Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $65.00 price objective (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.40.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction that occurred on 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 directly owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.47% of the company's stock.

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.