Ieq Capital LLC Sells 6,914 Shares of Rollins, Inc. $ROL

Key Points

• Ieq Capital LLC reduced its stake in Rollins, Inc. by 18.4%, holding 30,679 shares valued at approximately $1.66 million after the sale.
• Rollins reported earnings of $0.30 per share for the last quarter, exceeding analysts' expectations and showing a 12.1% year-over-year revenue increase to $999.53 million.
• The company announced a quarterly dividend of $0.165 per share, with an annualized dividend yield of 1.2% set to be paid on September 10th.

Ieq Capital LLC cut its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 18.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,679 shares of the business services provider's stock after selling 6,914 shares during the period. Ieq Capital LLC's holdings in Rollins were worth $1,658,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ROL. Bank Pictet & Cie Europe AG lifted its position 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 acquiring an additional 4,100 shares during the last quarter. Lido Advisors LLC lifted its position in Rollins by 45.3% during the fourth quarter. Lido Advisors LLC now owns 12,808 shares of the business services provider's stock worth $594,000 after acquiring an additional 3,994 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position in Rollins by 736.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 82,438 shares of the business services provider's stock worth $3,821,000 after acquiring an additional 72,581 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Rollins by 8.0% during the fourth quarter. BNP Paribas Financial Markets now owns 588,895 shares of the business services provider's stock worth $27,295,000 after acquiring an additional 43,820 shares during the last quarter. Finally, BLI Banque de Luxembourg Investments acquired a new stake in Rollins during the fourth quarter worth approximately $50,161,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. UBS Group lifted their price target on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and lifted their price target for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Zacks Research downgraded shares of Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Argus started 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. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.40.

Insider Buying and Selling at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the business's stock in a transaction 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 sale, the chairman owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.47% of the company's stock.

Rollins Price Performance

ROL traded down $0.40 during trading on Friday, hitting $56.46. 1,184,224 shares of the stock traded hands, compared to its average volume of 1,253,012. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.10. The company has a market cap of $27.36 billion, a price-to-earnings ratio of 55.90 and a beta of 0.69. 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 business has a 50 day moving average price of $56.87 and a 200 day moving average price of $55.52.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $999.53 million during the quarter, compared to the consensus estimate 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 previous year, the business earned $0.27 earnings per share. Equities research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

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