Northern Trust Corp Decreases Holdings in Rollins, Inc. $ROL

Key Points

• Northern Trust Corp reduced its stake in Rollins, Inc. by 5.3%, owning approximately 2.88 million shares valued at $155.9 million after selling 161,872 shares.
• Rollins, Inc. reported a net margin of 13.70% and $999.53 million in revenue for the recent quarter, beating analyst estimates and showing a 12.1% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.165 per share, with a payout ratio of 65.35%, set to be paid on September 10th.

Northern Trust Corp trimmed its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 5.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,884,972 shares of the business services provider's stock after selling 161,872 shares during the quarter. Northern Trust Corp owned 0.60% of Rollins worth $155,875,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ROL. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Rollins during the fourth quarter worth approximately $81,747,000. AMF Tjanstepension AB acquired a new position in shares of Rollins during the first quarter worth approximately $64,636,000. BLI Banque de Luxembourg Investments acquired a new position in shares of Rollins during the fourth quarter worth approximately $50,161,000. Nuveen LLC acquired a new position in shares of Rollins during the first quarter worth approximately $54,685,000. Finally, Vanguard Group Inc. raised its position in shares of Rollins by 3.0% during the first quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider's stock worth $1,876,815,000 after purchasing an additional 999,797 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Stock Performance

Shares of NYSE ROL traded up $0.23 during trading on Wednesday, reaching $56.70. 834,861 shares of the stock traded hands, compared to its average volume of 1,843,286. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The company has a 50-day moving average of $56.85 and a 200-day moving average of $55.18. The stock has a market capitalization of $27.48 billion, a P/E ratio of 56.11 and a beta of 0.69.

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

Rollins Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Zacks Research downgraded Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Argus assumed coverage on Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target for the company. Piper Sandler upped 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. Finally, Wells Fargo & Company restated 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. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.40.

Insider Activity at Rollins

In related news, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the sale, the chairman owned 662,727 shares of the company's stock, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.47% of the stock is owned by corporate insiders.

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.