Kayne Anderson Rudnick Investment Management LLC Acquires 38,503 Shares of Rollins, Inc. $ROL

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its holdings in Rollins, Inc. by 0.4%, bringing total shares owned to over 10.2 million, valued at approximately $553.46 million.
• Rollins' quarterly revenue rose by 12.1% year-over-year to $999.53 million, surpassing analyst expectations, while earnings per share was reported at $0.30.
• Institutional investors own 51.79% of Rollins' stock, with significant activity noted as firms like GW&K Investment Management increased holdings by 961.4% in the last quarter.

Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 0.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,243,636 shares of the business services provider's stock after buying an additional 38,503 shares during the quarter. Rollins comprises 1.4% of Kayne Anderson Rudnick Investment Management LLC's portfolio, making the stock its 20th largest position. Kayne Anderson Rudnick Investment Management LLC owned approximately 2.11% of Rollins worth $553,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Rollins by 9.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock worth $1,353,000 after purchasing an additional 2,574 shares during the period. Farther Finance Advisors LLC grew its holdings in Rollins by 56.4% in the first quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock worth $340,000 after purchasing an additional 2,254 shares during the period. Pallas Capital Advisors LLC purchased a new stake in Rollins in the first quarter worth about $225,000. Oppenheimer & Co. Inc. purchased a new stake in Rollins in the first quarter worth about $464,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Rollins by 305.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock worth $8,631,000 after purchasing an additional 120,294 shares during the period. Hedge funds and other institutional investors own 51.79% of the company's stock.

Analyst Ratings Changes

ROL has been the topic of a number of recent research reports. UBS Group upped their price objective on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Zacks Research cut shares of Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Piper Sandler upped their price objective on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and upped their price objective for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $65.00 target price (up previously from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $61.40.

Insiders Place Their Bets

In related news, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the transaction, the chairman owned 662,727 shares in the company, valued at $37,623,011.79. This represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.47% of the stock is currently owned by company insiders.

Rollins Stock Up 0.4%

Shares of NYSE ROL traded up $0.24 during midday trading on Wednesday, hitting $56.71. The stock had a trading volume of 1,542,905 shares, compared to its average volume of 1,373,406. The business's 50 day moving average is $56.86 and its 200-day moving average is $55.19. The company has a market cap of $27.49 billion, a P/E ratio of 56.15 and a beta of 0.69. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $59.10. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

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. The firm had revenue of $999.53 million for 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 business's revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. As a group, analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

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

Rollins 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.