Nuveen LLC Takes $54.69 Million Position in Rollins, Inc. (NYSE:ROL)

Key Points

• Nuveen LLC has acquired approximately $54.69 million worth of shares in Rollins, Inc., increasing its stake to about 0.21% of the company.
• Rollins recently posted a better-than-expected EPS of $0.30 for the quarter, surpassing analysts' estimates and reflecting a year-over-year revenue increase of 12.1%.
• The company announced a quarterly dividend of $0.165, translating to an annualized dividend yield of 1.1%, set to be paid to shareholders of record on August 11th.

Nuveen LLC purchased a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,012,116 shares of the business services provider's stock, valued at approximately $54,685,000. Nuveen LLC owned 0.21% of Rollins as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. City Holding Co. purchased a new position in Rollins during the 1st quarter valued at about $27,000. GW&K Investment Management LLC lifted its position in Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after purchasing an additional 548 shares during the last quarter. CVA Family Office LLC raised its stake in shares of Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after acquiring an additional 340 shares during the period. Colonial Trust Co SC raised its stake in shares of Rollins by 61.3% in the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after acquiring an additional 411 shares during the period. Finally, HM Payson & Co. purchased a new position in Rollins in the 1st quarter worth about $63,000. 51.79% of the stock is owned by institutional investors.

Insider Activity at Rollins

In related news, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction on 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 completion of the sale, the chairman directly owned 662,727 shares of the company's stock, valued at $37,623,011.79. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ROL. Barclays lifted their price objective on shares of Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Wells Fargo & Company reissued an "overweight" rating and issued a $65.00 price objective (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Piper Sandler increased their price target on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and raised their target price for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Finally, Canaccord Genuity Group raised their target price on Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Rollins presently has an average rating of "Moderate Buy" and an average target price of $61.40.

Rollins Stock Performance

Shares of NYSE:ROL traded down $0.09 on Friday, hitting $57.33. The company's stock had a trading volume of 1,150,260 shares, compared to its average volume of 1,653,275. The stock's 50-day moving average is $56.76 and its two-hundred day moving average is $54.80. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10. The company has a market capitalization of $27.78 billion, a price-to-earnings ratio of 56.76 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.

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, beating the consensus estimate of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%. The business had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. During the same period in the prior year, the business posted $0.27 earnings per share. 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 year.

Rollins Announces Dividend

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

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.