Commerce Bank Has $7.36 Million Holdings in Rollins, Inc. (NYSE:ROL)

Key Points

• Commerce Bank reduced its holdings in Rollins, Inc. by 11.2% during the first quarter, now holding 136,168 shares valued at approximately $7.36 million.
• Analysts have issued several new price targets for Rollins, with Piper Sandler increasing their target from $70.00 to $72.00, while Goldman Sachs set a price target of $61.00.
• Rollins, Inc. announced a quarterly dividend of $0.165 per share, with a dividend yield of 1.1% and a payout ratio of 65.35%.

Commerce Bank lessened its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 11.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 136,168 shares of the business services provider's stock after selling 17,254 shares during the quarter. Commerce Bank's holdings in Rollins were worth $7,357,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ROL. City Holding Co. bought a new position in shares of Rollins during the 1st quarter worth approximately $27,000. GW&K Investment Management LLC boosted its holdings in shares of Rollins by 961.4% during the 1st 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 in the last quarter. Mizuho Bank Ltd. bought a new position in shares of Rollins during the 4th quarter worth approximately $37,000. CVA Family Office LLC boosted its holdings in shares of Rollins by 73.0% during the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after buying an additional 340 shares in the last quarter. Finally, Colonial Trust Co SC boosted its holdings in shares of Rollins by 61.3% during the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock worth $50,000 after buying an additional 411 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on ROL. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. Wells Fargo & Company restated an "overweight" rating and set a $65.00 price target (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Piper Sandler increased their target price on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Royal Bank Of Canada increased their target price on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Finally, Barclays increased their target price on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.40.

Insider Activity

In other news, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the transaction, the insider owned 38,028 shares of the company's stock, valued at approximately $2,150,103.12. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the transaction, the chairman directly owned 662,727 shares of the company's stock, valued at $37,623,011.79. The trade was a 5.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,921 shares of company stock valued at $4,120,613 in the last three months. 4.47% of the stock is owned by insiders.

Rollins Trading Up 0.8%

Shares of ROL opened at $57.70 on Friday. The business has a 50-day moving average of $56.65 and a 200 day moving average of $54.14. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $58.65. The firm has a market cap of $27.96 billion, a P/E ratio of 57.13 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68.

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

Rollins Announces Dividend

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

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