NFJ Investment Group LLC Decreases Stock Position in Rollins, Inc. $ROL

Key Points

• NFJ Investment Group LLC has reduced its stake in Rollins, Inc. by 12.4%, selling 29,766 shares and holding a total of 209,492 shares valued at approximately $11.3 million at the end of the first quarter.
• Rollins, Inc. reported better-than-expected quarterly earnings of $0.30 EPS, exceeding the consensus estimate of $0.29 EPS, alongside a 12.1% increase in revenue year-over-year.
• The company has announced a quarterly dividend of $0.165 payable on September 10th, with a 1.2% dividend yield and a payout ratio of 65.35%.

NFJ Investment Group LLC lessened its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 12.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 209,492 shares of the business services provider's stock after selling 29,766 shares during the quarter. NFJ Investment Group LLC's holdings in Rollins were worth $11,319,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Rollins by 1.1% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 36,788 shares of the business services provider's stock valued at $1,988,000 after acquiring an additional 402 shares during the period. Millennium Management LLC increased its holdings in shares of Rollins by 100.7% in the 1st quarter. Millennium Management LLC now owns 659,851 shares of the business services provider's stock valued at $35,652,000 after acquiring an additional 331,074 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Rollins by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider's stock valued at $1,663,000 after acquiring an additional 1,620 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Rollins in the 1st quarter valued at $50,547,000. Finally, Eventide Asset Management LLC increased its holdings in shares of Rollins by 4.4% in the 1st quarter. Eventide Asset Management LLC now owns 594,299 shares of the business services provider's stock valued at $32,094,000 after acquiring an additional 24,848 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Stock Performance

ROL traded down $0.40 during trading on Friday, hitting $56.46. The stock had a trading volume of 1,184,224 shares, compared to its average volume of 1,263,915. 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 has a market capitalization of $27.36 billion, a P/E ratio of 55.90 and a beta of 0.69. The company's 50-day moving average price is $56.87 and its 200 day moving average price is $55.55. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.10.

Rollins (NYSE:ROL - Get Free Report) last announced 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. 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 analysts' expectations of $988.77 million. During the same period in the previous year, the company posted $0.27 EPS. Rollins's revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. Rollins's dividend payout ratio is 65.35%.

Insider Buying and Selling at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of the company'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 $36,723,475.08. This represents a 4.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on ROL. 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 report on Friday, July 25th. Argus began coverage on shares of Rollins in a report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 target price on the stock. Barclays lifted their target price on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. UBS Group boosted their price objective on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Finally, Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and boosted their price objective for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. Six equities research 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, Rollins currently has a consensus 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.