Landscape Capital Management L.L.C. Acquires 7,610 Shares of Rollins, Inc. $ROL

Key Points

• Landscape Capital Management L.L.C. significantly increased its holdings in Rollins, Inc. by purchasing an additional 7,610 shares, resulting in a total of 14,697 shares valued at approximately $794,000.
• Rollins reported $0.30 earnings per share (EPS) for the most recent quarter, exceeding estimates, with a revenue of $999.53 million, representing a 12.1% year-over-year growth.
• The company's board declared a quarterly dividend of $0.165 per share, payable on September 10th, which reflects an annualized yield of 1.2%.

Landscape Capital Management L.L.C. lifted its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 107.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,697 shares of the business services provider's stock after buying an additional 7,610 shares during the period. Landscape Capital Management L.L.C.'s holdings in Rollins were worth $794,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ROL. Bank Pictet & Cie Europe AG boosted its position in shares of 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 buying an additional 4,100 shares during the period. Northern Trust Corp boosted its position in shares of Rollins by 11.8% during the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock worth $141,221,000 after buying an additional 322,610 shares during the period. Lido Advisors LLC boosted its position in shares of 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 buying an additional 3,994 shares during the period. Schonfeld Strategic Advisors LLC boosted its position in shares of 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 buying an additional 72,581 shares during the period. Finally, Keel Point LLC boosted its position in shares of Rollins by 5.1% during the fourth quarter. Keel Point LLC now owns 5,397 shares of the business services provider's stock worth $250,000 after buying an additional 262 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Stock Performance

Shares of NYSE ROL opened at $56.54 on Friday. The stock has a 50 day moving average price of $56.87 and a 200 day moving average price of $55.32. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $59.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The stock has a market capitalization of $27.40 billion, a PE ratio of 55.98 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $999.53 million for 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%.The business's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. Analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Piper Sandler upped their price objective on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $65.00 price objective (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. UBS Group increased their price target on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Barclays increased their price target on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Finally, Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and increased their price target for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.40.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the company's stock in a transaction that occurred 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 sale, the chairman owned 632,727 shares in the company, valued at $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.47% of the stock is owned by corporate insiders.

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.

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