5,673 Shares in Rollins, Inc. $ROL Purchased by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC recently acquired a new stake in Rollins, Inc., purchasing 5,673 shares valued at approximately $307,000.
• Rollins recently announced a quarterly dividend of $0.165 per share, which will be paid on September 10th, reflecting an annualized yield of 1.1%.
• Analysts have a consensus rating of "Moderate Buy" for Rollins, with an average price target of $61.40, following recent upgrades from several brokerages.

Kovitz Investment Group Partners LLC acquired a new stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,673 shares of the business services provider's stock, valued at approximately $307,000.

Several other institutional investors also recently bought and sold shares of the business. City Holding Co. acquired a new stake in Rollins in the first quarter valued at approximately $27,000. GW&K Investment Management LLC boosted its stake in Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after acquiring an additional 548 shares in the last quarter. CVA Family Office LLC boosted its stake in Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after acquiring an additional 340 shares in the last quarter. Colonial Trust Co SC boosted its stake in Rollins by 61.3% in the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after acquiring an additional 411 shares in the last quarter. Finally, National Pension Service boosted its stake in Rollins by 75.0% in the first quarter. National Pension Service now owns 1,078 shares of the business services provider's stock valued at $58,000 after acquiring an additional 462 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the sale, the chairman owned 632,727 shares in the company, valued at $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on ROL. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $65.00 price target (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. UBS Group raised their price target 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. Barclays boosted their price target on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Finally, Piper Sandler raised their price target on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Rollins has an average rating of "Moderate Buy" and a consensus target price of $61.40.

Rollins Price Performance

ROL stock traded down $0.05 during mid-day trading on Friday, reaching $57.95. 1,117,500 shares of the company's stock were exchanged, compared to its average volume of 1,396,400. The company has a market cap of $28.08 billion, a price-to-earnings ratio of 57.38 and a beta of 0.69. The stock's 50 day moving average is $56.85 and its 200 day moving average is $55.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. 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 issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The company had revenue of $999.53 million for 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%.Rollins's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 earnings per share. On average, research analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

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