Machina Capital S.A.S. Acquires 12,350 Shares of Rollins, Inc. (NYSE:ROL)

Machina Capital S.A.S. increased its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 84.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,036 shares of the business services provider's stock after purchasing an additional 12,350 shares during the period. Machina Capital S.A.S.'s holdings in Rollins were worth $1,461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ROL. City Holding Co. bought a new stake in shares of Rollins in the 1st quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Rollins during the fourth quarter valued at approximately $29,000. GW&K Investment Management LLC increased 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 purchasing an additional 548 shares in the last quarter. Mizuho Bank Ltd. bought a new stake in Rollins in the fourth quarter valued at approximately $37,000. Finally, CVA Family Office LLC raised its holdings in Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after purchasing an additional 340 shares during the period. Institutional investors own 51.79% of the company's stock.

Insider Transactions at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the transaction, the insider directly owned 38,028 shares in the company, valued at $2,150,103.12. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman John F. Wilson sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the sale, the chairman owned 662,727 shares in the company, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,921 shares of company stock valued at $4,120,613. Company insiders own 4.47% of the company's stock.

Rollins Stock Up 0.0%

Rollins stock traded up $0.00 during midday trading on Friday, reaching $58.03. The stock had a trading volume of 2,051,150 shares, compared to its average volume of 1,641,467. The stock has a market capitalization of $28.12 billion, a P/E ratio of 57.46 and a beta of 0.75. The firm's fifty day simple moving average is $56.59 and its 200-day simple moving average is $53.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 0.68. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The company had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. During the same period last year, the company earned $0.27 earnings per share. The firm's revenue was up 12.1% compared to the same quarter last year. As a group, analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders 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 annualized dividend and a yield of 1.14%. Rollins's dividend payout ratio (DPR) is presently 66.67%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ROL. Piper Sandler boosted their price target on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday. UBS Group boosted their target price on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday. Barclays increased their price target on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday. Argus started coverage on Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price objective on the stock. Finally, Canaccord Genuity Group increased their target price on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Rollins currently has an average rating of "Moderate Buy" and an average price target of $61.40.

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.