Millennium Management LLC Grows Holdings in Rollins, Inc. $ROL

Key Points

• Millennium Management LLC increased its stake in Rollins, Inc. by 100.7%, acquiring an additional 331,074 shares, bringing its total holdings to about 659,851 shares valued at $35.65 million.
• Analysts have recently given Rollins a consensus rating of "Moderate Buy" with price targets ranging from $60 to $68, indicating positive sentiment for the company's stock.
• Rollins, Inc. reported a 12.1% increase in revenue year-over-year, with earnings of $0.30 per share exceeding estimates, reflecting improved financial performance in the last quarter.

Millennium Management LLC raised its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 100.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 659,851 shares of the business services provider's stock after purchasing an additional 331,074 shares during the quarter. Millennium Management LLC owned 0.14% of Rollins worth $35,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Security Financial Services INC. lifted its position in Rollins by 3.2% during the first quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider's stock valued at $309,000 after purchasing an additional 178 shares during the last quarter. KFG Wealth Management LLC lifted its position in Rollins by 1.9% during the first quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider's stock valued at $611,000 after purchasing an additional 211 shares during the last quarter. Pittenger & Anderson Inc. lifted its position in Rollins by 1.7% during the first quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider's stock valued at $710,000 after purchasing an additional 214 shares during the last quarter. Horizon Investments LLC lifted its position in Rollins by 5.8% during the first quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider's stock valued at $219,000 after purchasing an additional 224 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Rollins by 11.0% during the first quarter. Allworth Financial LP now owns 2,317 shares of the business services provider's stock valued at $129,000 after purchasing an additional 230 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Trading Down 1.4%

Shares of NYSE ROL traded down $0.79 during mid-day trading on Friday, hitting $57.43. The stock had a trading volume of 1,806,469 shares, compared to its average volume of 1,299,617. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.10. The business has a 50 day moving average price of $56.97 and a two-hundred day moving average price of $55.73. The firm has a market cap of $27.83 billion, a P/E ratio of 56.86 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last issued 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 company had revenue of $999.53 million for 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%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 earnings per share. On average, equities analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

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

Wall Street Analyst Weigh In

ROL has been the subject of several research analyst reports. Piper Sandler lifted their target price 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. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and lifted their price target for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. UBS Group lifted their price target on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Barclays lifted their price target on shares of Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $65.00 price target (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company 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 business's stock in a transaction on 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 transaction, the chairman directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.47% of the company's stock.

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.