Gabelli Funds LLC Reduces Holdings in Rollins, Inc. $ROL

Key Points

• Gabelli Funds LLC has decreased its stake in Rollins, Inc. by 5.9%, now owning approximately 1,246,700 shares valued at $67.36 million.
• Rollins reported a revenue increase of 12.1% year-over-year, with quarterly earnings of $0.30 per share, surpassing analysts' expectations.
• Rollins will pay a quarterly dividend of $0.165 on September 10th, representing an annual yield of 1.2% and a dividend payout ratio of 65.35%.

Gabelli Funds LLC decreased its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,246,700 shares of the business services provider's stock after selling 77,800 shares during the quarter. Gabelli Funds LLC owned about 0.26% of Rollins worth $67,359,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FORA Capital LLC bought a new stake in shares of Rollins during the first quarter valued at approximately $369,000. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Rollins by 0.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider's stock valued at $553,464,000 after acquiring an additional 38,503 shares in the last quarter. Comerica Bank increased its holdings in shares of Rollins by 23.9% during the first quarter. Comerica Bank now owns 180,707 shares of the business services provider's stock valued at $9,764,000 after acquiring an additional 34,911 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Rollins during the first quarter valued at approximately $1,262,000. Finally, Axiom Investors LLC DE grew its holdings in Rollins by 45.1% during the first quarter. Axiom Investors LLC DE now owns 8,880 shares of the business services provider's stock worth $480,000 after buying an additional 2,760 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the company's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the transaction, the chairman owned 632,727 shares in the company, valued at $36,723,475.08. This 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. 4.47% of the stock is owned by company insiders.

Rollins Stock Performance

NYSE:ROL traded up $0.30 during trading on Friday, reaching $56.54. The company's stock had a trading volume of 1,881,497 shares, compared to its average volume of 1,364,022. The firm has a market cap of $27.40 billion, a price-to-earnings ratio of 55.98 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The firm has a 50 day moving average of $56.87 and a 200-day moving average of $55.32. 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 quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. The firm had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. Research analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, August 11th. Rollins's dividend payout ratio is 65.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ROL shares. Argus started coverage on Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target for the company. Barclays upped their price target on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and upped their price target for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Zacks Research downgraded Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Piper Sandler upped 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. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, Rollins has an average rating of "Moderate Buy" and a consensus target price of $61.40.

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.