Rollins, Inc. (NYSE:ROL) Shares Bought by Geneva Capital Management LLC

Key Points

• Geneva Capital Management LLC has increased its stake in Rollins, Inc. by 14.2%, now owning approximately 0.17% of the company worth $44.18 million.
• Rollins, Inc. reported an EPS of $0.30 for its most recent quarter, surpassing analysts' expectations, with revenue up 12.1% year-over-year.
• The company has announced a quarterly dividend of $0.165 per share, which signifies a 1.1% yield and a payout ratio of 65.35%.

Geneva Capital Management LLC increased its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 817,692 shares of the business services provider's stock after purchasing an additional 101,415 shares during the quarter. Geneva Capital Management LLC owned 0.17% of Rollins worth $44,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. ING Groep NV boosted its position in shares of Rollins by 204.5% in the 1st quarter. ING Groep NV now owns 109,250 shares of the business services provider's stock worth $5,903,000 after buying an additional 73,374 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Rollins by 96.0% during the 1st quarter. Bank of Nova Scotia now owns 73,762 shares of the business services provider's stock worth $3,985,000 after purchasing an additional 36,121 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Rollins by 0.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 60,339 shares of the business services provider's stock valued at $3,260,000 after buying an additional 444 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in Rollins during the first quarter worth $499,000. Finally, Jefferies Financial Group Inc. increased its position in Rollins by 4.2% during the first quarter. Jefferies Financial Group Inc. now owns 130,497 shares of the business services provider's stock worth $7,051,000 after buying an additional 5,318 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $56.54, for a total transaction of $108,613.34. Following the sale, the insider owned 38,028 shares of the company's stock, valued at approximately $2,150,103.12. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the transaction, the chairman directly owned 662,727 shares of the company's stock, valued at $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,921 shares of company stock valued at $4,120,613. Corporate insiders own 4.47% of the company's stock.

Rollins Stock Up 0.3%

ROL stock traded up $0.19 during mid-day trading on Wednesday, hitting $58.31. 1,470,494 shares of the company were exchanged, compared to its average volume of 1,726,772. The firm has a fifty day simple moving average of $56.72 and a 200 day simple moving average of $54.31. The company has a market capitalization of $28.26 billion, a PE ratio of 57.74 and a beta of 0.69. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $58.96. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34.

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 for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%. Rollins's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share. On average, research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. Rollins's payout ratio is 65.35%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ROL shares. Barclays lifted their price objective on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Argus initiated coverage on Rollins in a research note on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective on the stock. Canaccord Genuity Group lifted their target price on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, April 25th. UBS Group increased their price target on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. 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, Rollins currently has an average rating of "Moderate Buy" and a consensus price target of $61.40.

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.