IFM Investors Pty Ltd Grows Stake in Rollins, Inc. $ROL

Key Points

• IFM Investors Pty Ltd increased its stake in Rollins, Inc. by 43.7%, owning a total of 72,443 shares valued at approximately $3.91 million.
• Several institutional investors, including Bank of America and Bank Pictet & Cie, have also adjusted their positions in Rollins, with a combined institutional ownership of 51.79%.
• Rollins announced a quarterly dividend of $0.165 per share, reflecting an annualized payout of $0.66 and a yield of 1.1%.

IFM Investors Pty Ltd increased its position in Rollins, Inc. (NYSE:ROL - Free Report) by 43.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 72,443 shares of the business services provider's stock after purchasing an additional 22,038 shares during the period. IFM Investors Pty Ltd's holdings in Rollins were worth $3,914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bayforest Capital Ltd acquired a new position in Rollins during the 1st quarter worth approximately $428,000. SCS Capital Management LLC acquired a new stake in shares of Rollins in the 1st quarter worth approximately $251,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Rollins by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,987,331 shares of the business services provider's stock worth $107,375,000 after acquiring an additional 126,533 shares during the period. Woodline Partners LP grew its holdings in shares of Rollins by 40.7% in the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider's stock worth $1,282,000 after acquiring an additional 6,859 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of Rollins in the 1st quarter worth approximately $59,073,000. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Trading Down 1.4%

Shares of Rollins stock traded down $0.79 during trading hours on Friday, reaching $57.43. 1,806,469 shares of the company's stock were exchanged, compared to its average volume of 1,332,427. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.10. The firm has a market capitalization of $27.83 billion, a price-to-earnings ratio of 56.86 and a beta of 0.69. The company has a fifty day moving average of $56.97 and a 200-day moving average of $55.76. 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 issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The company had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. During the same quarter in the prior year, the company posted $0.27 EPS. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, August 11th. Rollins's dividend payout ratio (DPR) is 65.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ROL shares. Argus started coverage on Rollins in a report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target on the stock. 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. 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. Zacks Research lowered Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Piper Sandler upped their target price on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.40.

Insider Buying and Selling at Rollins

In related news, Chairman John F. Wilson sold 30,000 shares of the 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 transaction, the chairman directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.47% of the company's stock.

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.