MBB Public Markets I LLC Makes New Investment in Rollins, Inc. $ROL

Key Points

• MBB Public Markets I LLC has acquired a new stake in Rollins, Inc., purchasing 6,128 shares valued at approximately $331,000 in the first quarter.
• Several institutional investors, including Vanguard Group and Wellington Management Group, have raised their stakes in Rollins, reflecting increasing investor interest in the company.
• Rollins’ quarterly earnings report showed a 12.1% year-over-year revenue increase and earnings per share of $0.30, exceeding analyst estimates.

MBB Public Markets I LLC bought a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 6,128 shares of the business services provider's stock, valued at approximately $331,000.

Several other hedge funds have also recently bought and sold shares of ROL. City Holding Co. acquired a new stake in Rollins during the 1st quarter worth approximately $27,000. GW&K Investment Management LLC raised its holdings in Rollins by 961.4% during the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock worth $33,000 after buying an additional 548 shares during the period. CVA Family Office LLC raised its holdings in Rollins by 73.0% during the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after buying an additional 340 shares during the period. National Pension Service lifted its position in shares of Rollins by 75.0% in the first quarter. National Pension Service now owns 1,078 shares of the business services provider's stock worth $58,000 after purchasing an additional 462 shares in the last quarter. Finally, HM Payson & Co. acquired a new position in Rollins during the first quarter worth $63,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ROL shares. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $65.00 target price (up previously from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and raised their target price for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Barclays raised their target price on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Zacks Research downgraded shares of Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Piper Sandler lifted their price objective on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Six equities 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, the company has a consensus rating of "Moderate Buy" and an average price target of $61.40.

Rollins Stock Performance

Shares of ROL stock traded down $0.79 during midday trading on Friday, hitting $57.43. 1,806,469 shares of the company were exchanged, compared to its average volume of 1,299,617. The firm has a market capitalization of $27.83 billion, a P/E ratio of 56.86 and a beta of 0.69. 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 firm's 50 day moving average price is $56.97 and its two-hundred day moving average price is $55.69. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $59.10.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The business had revenue of $999.53 million during 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%. Rollins's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. As a group, equities research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. Rollins's payout ratio is presently 65.35%.

Insider Activity at Rollins

In related 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 transaction of $1,741,200.00. Following the completion of the sale, the chairman owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.47% of the company's stock.

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.