OMERS ADMINISTRATION Corp Increases Stock Holdings in Rollins, Inc. $ROL

Key Points

• OMERS ADMINISTRATION Corp significantly increased its stake in Rollins, Inc. by 245.0%, acquiring an additional 30,332 shares to bring its total to 42,714 shares valued at approximately $2.3 million.
• In related news, Rollins' Chairman sold 30,000 shares at an average price of $58.04, reducing his holdings by 4.53% but still retaining a significant position.
• Analysts have mixed ratings for Rollins, with Barclays and Piper Sandler raising their price targets, while Zacks downgraded the stock from "strong-buy" to "hold".

OMERS ADMINISTRATION Corp raised its position in Rollins, Inc. (NYSE:ROL - Free Report) by 245.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,714 shares of the business services provider's stock after acquiring an additional 30,332 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Rollins were worth $2,308,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ROL. City Holding Co. acquired a new position in Rollins in the 1st quarter valued at about $27,000. GW&K Investment Management LLC increased its stake in shares of Rollins by 961.4% during the first 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 increased its stake in shares of Rollins by 73.0% during the first 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. Colonial Trust Co SC increased its stake in shares of Rollins by 61.3% during the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock worth $50,000 after buying an additional 411 shares during the period. Finally, National Pension Service increased its stake in shares of Rollins by 75.0% during the first quarter. National Pension Service now owns 1,078 shares of the business services provider's stock worth $58,000 after buying an additional 462 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the transaction, the chairman owned 632,727 shares in the company, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROL. Wells Fargo & Company restated an "overweight" rating and set a $65.00 target price (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. UBS Group upped their price target on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and upped their price target for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Zacks Research downgraded Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Barclays upped their price target on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Rollins currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.40.

Rollins Stock Performance

Shares of ROL traded up $0.42 during mid-day trading on Thursday, hitting $56.72. 319,431 shares of the company's stock were exchanged, compared to its average volume of 1,831,468. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The business's 50 day moving average is $56.84 and its two-hundred day moving average is $55.40. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $59.10. The firm has a market capitalization of $27.49 billion, a P/E ratio of 56.12 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 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The company's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. On average, equities analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be given a $0.165 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.2%. Rollins's dividend payout ratio is presently 65.35%.

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.