Concentric Capital Strategies LP Makes New Investment in Rollins, Inc. $ROL

Key Points

• Concentric Capital Strategies LP has invested approximately $1.43 million in Rollins, Inc. by acquiring 26,399 shares.
• Significant increases in holdings have also been reported from other investors, including Wellington Management Group LLP, which raised its stake by 44.2% in the first quarter.
• Rollins announced a quarterly dividend of $0.165 per share, with an annual yield of 1.2%, set to be paid on September 10th.

Concentric Capital Strategies LP acquired a new stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,399 shares of the business services provider's stock, valued at approximately $1,426,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. City Holding Co. purchased a new position in Rollins during the first quarter valued at $27,000. GW&K Investment Management LLC lifted its position in Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after buying an additional 548 shares during the period. CVA Family Office LLC lifted its position in Rollins by 73.0% during the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after buying an additional 340 shares during the period. Colonial Trust Co SC lifted its position in Rollins by 61.3% during the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after buying an additional 411 shares during the period. Finally, National Pension Service increased its holdings in shares of Rollins by 75.0% during 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 in the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Stock Performance

Shares of NYSE:ROL traded down $0.07 during trading on Tuesday, hitting $57.06. The company's stock had a trading volume of 570,321 shares, compared to its average volume of 1,820,342. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The firm has a market cap of $27.66 billion, a price-to-earnings ratio of 56.45 and a beta of 0.69. The company has a 50-day moving average of $56.88 and a 200-day moving average of $55.59. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company earned $0.27 earnings per share. The firm's revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 11th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 11th. Rollins's dividend payout ratio (DPR) is currently 65.35%.

Insider Buying and Selling

In related news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction 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 transaction, the chairman directly owned 632,727 shares in the company, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.47% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ROL shares. UBS Group raised 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 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. Zacks Research downgraded Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and raised their price target for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Finally, Barclays raised 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. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.40.

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.