Founders Financial Alliance LLC Raises Stock Holdings in Rollins, Inc. (NYSE:ROL)

Key Points

• Founders Financial Alliance LLC increased its stake in Rollins, Inc. by 24.4% in the first quarter, holding a total of 25,476 shares valued at approximately $1.38 million.
• Several institutional investors, including MIRAE ASSET GLOBAL and Wealth Enhancement Advisory Services LLC, significantly boosted their stakes in Rollins during the same period, reflecting strong investor interest.
• Rollins reported quarterly earnings of $0.30 EPS, exceeding analysts' expectations, with a revenue increase of 12.1% year-over-year, totaling approximately $999.53 million.

Founders Financial Alliance LLC lifted its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 24.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,476 shares of the business services provider's stock after purchasing an additional 5,000 shares during the period. Founders Financial Alliance LLC's holdings in Rollins were worth $1,376,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. National Bank of Canada FI raised its stake in Rollins by 43.6% in the 1st quarter. National Bank of Canada FI now owns 240,788 shares of the business services provider's stock valued at $13,010,000 after acquiring an additional 73,110 shares during the period. Citigroup Inc. increased its stake in shares of Rollins by 71.5% in the first quarter. Citigroup Inc. now owns 385,863 shares of the business services provider's stock worth $20,848,000 after purchasing an additional 160,917 shares in the last quarter. AMF Tjanstepension AB purchased a new position in shares of Rollins in the first quarter worth about $64,636,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Rollins by 17.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,633 shares of the business services provider's stock valued at $28,184,000 after purchasing an additional 77,199 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its stake in shares of Rollins by 18.8% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 22,416 shares of the business services provider's stock valued at $1,211,000 after buying an additional 3,545 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Piper Sandler raised their price target 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 boosted their price objective on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Barclays increased their price objective on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group set a $61.00 target price on Rollins and gave the company a "buy" rating in a report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $61.40.

Rollins Price Performance

ROL stock traded up $0.15 during mid-day trading on Friday, hitting $58.66. 966,148 shares of the stock were exchanged, compared to its average volume of 1,724,977. 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 stock has a market capitalization of $28.43 billion, a price-to-earnings ratio of 58.07 and a beta of 0.69. The business has a fifty day moving average price of $56.78 and a 200 day moving average price of $54.53. 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 issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (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 business had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Rollins's revenue for the quarter was up 12.1% on a year-over-year basis. On average, sell-side analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

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 paid a $0.165 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.1%. Rollins's dividend payout ratio is 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.