Deutsche Bank AG Sells 69,656 Shares of Rollins, Inc. (NYSE:ROL)

Key Points

• Deutsche Bank AG has reduced its stake in Rollins, Inc. by 5.3%, owning approximately 1,238,448 shares worth about $66.9 million after selling 69,656 shares in the first quarter.
• Rollins, Inc. reported earnings of $0.30 per share for the quarter, exceeding analysts' expectations of $0.29, with revenue hitting $999.53 million, a 12.1% increase year-over-year.
• The company declared a quarterly dividend of $0.165 per share, with a dividend yield of 1.1%, set to be paid on September 10th to shareholders of record by August 11th.

Deutsche Bank AG decreased its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 5.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,238,448 shares of the business services provider's stock after selling 69,656 shares during the quarter. Deutsche Bank AG owned approximately 0.26% of Rollins worth $66,913,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ROL. Bank Pictet & Cie Europe AG boosted its holdings in Rollins by 6.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider's stock worth $3,061,000 after purchasing an additional 4,100 shares during the last quarter. Bank of Nova Scotia boosted its holdings in Rollins by 3.4% during the fourth quarter. Bank of Nova Scotia now owns 37,641 shares of the business services provider's stock worth $1,745,000 after purchasing an additional 1,229 shares during the last quarter. Advisory Services Network LLC acquired a new position in Rollins during the fourth quarter worth $206,000. Treasurer of the State of North Carolina boosted its holdings in Rollins by 0.4% during the fourth quarter. Treasurer of the State of North Carolina now owns 126,340 shares of the business services provider's stock worth $5,856,000 after purchasing an additional 560 shares during the last quarter. Finally, Mariner LLC boosted its holdings in Rollins by 1.3% during the fourth quarter. Mariner LLC now owns 97,241 shares of the business services provider's stock worth $4,507,000 after purchasing an additional 1,227 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Insider Buying and Selling

In related news, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the transaction, the chairman directly owned 662,727 shares of the company's stock, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. UBS Group upped their price target on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Piper Sandler upped their price target on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Argus assumed coverage on shares of Rollins in a research report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target on the stock. Finally, Canaccord Genuity Group upped their price target on shares of Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.40.

Rollins Stock Performance

Shares of ROL traded down $0.09 during trading hours on Friday, hitting $57.33. The company had a trading volume of 1,150,260 shares, compared to its average volume of 1,653,275. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of 56.76 and a beta of 0.69. The business has a fifty day moving average of $56.76 and a 200-day moving average of $54.76. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10. 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 the consensus estimate of $0.29 by $0.01. The company had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The company's revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. Equities analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 11th will be given a dividend of $0.165 per share. 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%.

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.