FORA Capital LLC Makes New Investment in Rollins, Inc. $ROL

Key Points

• FORA Capital LLC purchased 6,829 shares of Rollins, Inc., valued at approximately $369,000, marking a new position for the firm in the 1st quarter of the year.
• Chairman John F. Wilson sold 30,000 shares at an average price of $58.04, which decreased his ownership by 4.53%, although he still retains a significant stake valued at about $36.7 million.
• Rollins, Inc. reported a quarterly earnings per share of $0.30, exceeding estimates, and also announced a quarterly dividend of $0.165 per share, providing a yield of 1.2%.

FORA Capital LLC bought a new position in Rollins, Inc. (NYSE:ROL - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,829 shares of the business services provider's stock, valued at approximately $369,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROL. Bank Pictet & Cie Europe AG boosted its holdings in shares of Rollins by 6.6% in 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 buying an additional 4,100 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Rollins by 359.3% in the fourth quarter. NewEdge Advisors LLC now owns 6,559 shares of the business services provider's stock worth $304,000 after buying an additional 5,131 shares during the period. Tudor Investment Corp ET AL boosted its holdings in shares of Rollins by 183.4% in the fourth quarter. Tudor Investment Corp ET AL now owns 84,226 shares of the business services provider's stock worth $3,904,000 after buying an additional 54,508 shares during the period. Northern Trust Corp boosted its holdings in shares of Rollins by 11.8% in the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock worth $141,221,000 after buying an additional 322,610 shares during the period. Finally, Lido Advisors LLC lifted its position in shares of Rollins by 45.3% in the fourth quarter. Lido Advisors LLC now owns 12,808 shares of the business services provider's stock worth $594,000 after purchasing an additional 3,994 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the transaction, the chairman owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.47% of the company's stock.

Wall Street Analysts Forecast Growth

ROL has been the subject of a number of research analyst reports. Argus initiated coverage on shares of Rollins in a research report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target for the company. Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Barclays increased their price target on shares of Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Piper Sandler increased 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. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $65.00 price target (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Rollins presently has an average rating of "Moderate Buy" and an average price target of $61.40.

Rollins Price Performance

Shares of ROL opened at $56.23 on Friday. The firm has a market cap of $27.25 billion, a PE ratio of 55.67 and a beta of 0.69. The firm's 50 day moving average price is $56.87 and its 200 day moving average price is $55.24. 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, Inc. has a twelve month low of $45.34 and a twelve month high of $59.10.

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 firm 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 for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. As a group, research analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 11th. Rollins's dividend payout ratio (DPR) is presently 65.35%.

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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