Cwm LLC Acquires 13,162 Shares of Rollins, Inc. $ROL

Cwm LLC increased its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 81.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,329 shares of the business services provider's stock after acquiring an additional 13,162 shares during the period. Cwm LLC's holdings in Rollins were worth $1,655,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. GW&K Investment Management LLC boosted its stake 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 worth $33,000 after acquiring an additional 548 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Rollins by 75.8% during the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider's stock worth $47,000 after acquiring an additional 375 shares in the last quarter. National Pension Service boosted its stake in Rollins by 75.0% during the first quarter. National Pension Service now owns 1,078 shares of the business services provider's stock worth $58,000 after acquiring an additional 462 shares in the last quarter. HM Payson & Co. bought a new position in shares of Rollins in the first quarter worth approximately $63,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Rollins in the second quarter worth approximately $77,000. Institutional investors own 51.79% of the company's stock.

Rollins Stock Up 1.1%

Shares of Rollins stock opened at $55.85 on Monday. The company has a market cap of $27.07 billion, a price-to-earnings ratio of 55.30 and a beta of 0.69. The company's 50 day moving average is $57.05 and its 200 day moving average is $56.51. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.12. 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 (NYSE:ROL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. The company had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th were given a $0.165 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.2%. Rollins's dividend payout ratio (DPR) is presently 65.35%.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction that occurred 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 transaction, the chairman directly owned 632,727 shares in the company, valued at approximately $36,723,475.08. This trade 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 is accessible through this hyperlink. Insiders own 4.47% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. assumed coverage on shares of Rollins in a research note on Friday, September 26th. They issued an "overweight" rating and a $70.00 target price on the stock. UBS Group upped their target price on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Piper Sandler upped their target price 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, Barclays upped their target price on shares of Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Rollins currently has an average rating of "Moderate Buy" and an average target price of $62.18.

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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