MassMutual Private Wealth & Trust FSB Reduces Stock Holdings in Rollins, Inc. $ROL

Key Points

• MassMutual Private Wealth & Trust FSB reduced its stake in Rollins, Inc. by 16.8% during the second quarter, holding 77,383 shares valued at approximately $4.37 million.
• Insider activity included a sale of 30,000 shares by Chairman John F. Wilson, decreasing his ownership by 4.53% to around 632,727 shares.
• Rollins, Inc. reported earnings of $0.30 EPS for the last quarter, surpassing expectations and revealing a revenue increase of 12.1% year over year.

MassMutual Private Wealth & Trust FSB trimmed its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 16.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,383 shares of the business services provider's stock after selling 15,638 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Rollins were worth $4,366,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Red Spruce Capital LLC boosted its holdings in Rollins by 1.2% during the 2nd quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider's stock valued at $896,000 after acquiring an additional 182 shares during the period. Gallacher Capital Management LLC purchased a new position in Rollins during the 2nd quarter valued at about $256,000. Parallel Advisors LLC boosted its holdings in Rollins by 6.6% during the 2nd quarter. Parallel Advisors LLC now owns 11,663 shares of the business services provider's stock valued at $658,000 after acquiring an additional 721 shares during the period. LVM Capital Management Ltd. MI purchased a new position in Rollins during the 2nd quarter valued at about $529,000. Finally, Harbor Investment Advisory LLC boosted its holdings in Rollins by 144.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 5,401 shares of the business services provider's stock valued at $305,000 after acquiring an additional 3,190 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ROL. Zacks Research cut Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Piper Sandler lifted their price objective on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Wells Fargo & Company reiterated an "overweight" rating and issued a $65.00 price objective (up previously from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Barclays lifted their price objective 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, UBS Group lifted their price objective on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $61.40.

Rollins Stock Performance

Shares of Rollins stock traded down $0.17 during trading hours on Friday, hitting $55.56. 2,622,581 shares of the company were exchanged, compared to its average volume of 1,531,072. The business has a 50-day moving average of $56.98 and a 200-day moving average of $55.85. The stock has a market capitalization of $26.93 billion, a price-to-earnings ratio of 55.01 and a beta of 0.69. 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, Inc. has a 1 year low of $45.34 and a 1 year high of $59.10.

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, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $999.53 million during the quarter, compared to analysts' expectations of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.Rollins's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th were given a $0.165 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.2%. Rollins's dividend payout ratio is presently 65.35%.

Insider Transactions at Rollins

In other Rollins 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 completion of the transaction, the chairman owned 632,727 shares in the company, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.