OneAscent Investment Solutions LLC Buys New Position in Rollins, Inc. (NYSE:ROL)

Key Points

• OneAscent Investment Solutions LLC has invested approximately $561,000 in Rollins, Inc. by purchasing 10,380 shares in the first quarter.
• Rollins reported a 12.1% increase in revenue year-over-year, totaling $999.53 million, with earnings per share of $0.30, beating analysts' expectations.
• The company recently announced a quarterly dividend of $0.165 per share, reflecting an annualized increase to $0.66 and a yield of 1.1%.

OneAscent Investment Solutions LLC acquired a new stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,380 shares of the business services provider's stock, valued at approximately $561,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Rollins by 3.0% during the 1st 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 last quarter. Northern Trust Corp increased its position in shares of Rollins by 11.8% in the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock valued at $141,221,000 after acquiring an additional 322,610 shares during the period. Marshall Wace LLP increased its position in shares of Rollins by 389.2% during the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock valued at $128,396,000 after buying an additional 2,203,859 shares during the period. Dimensional Fund Advisors LP grew its holdings in Rollins by 11.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,519,333 shares of the business services provider's stock worth $116,774,000 after purchasing an additional 260,223 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Rollins by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,301,146 shares of the business services provider's stock worth $124,331,000 after purchasing an additional 49,871 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Down 0.2%

ROL stock traded down $0.09 during midday trading on Friday, reaching $57.33. 1,150,260 shares of the company were exchanged, compared to its average volume of 1,653,275. The stock's 50-day simple moving average is $56.76 and its 200 day simple moving average is $54.80. The company has a market cap of $27.78 billion, a price-to-earnings ratio of 56.76 and a beta of 0.69. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.10. 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 earnings per share 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 firm had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. During the same quarter in the previous year, the company posted $0.27 EPS. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

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

Analyst Ratings Changes

ROL has been the topic of several research reports. Piper Sandler raised their target price on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. UBS Group raised their target price on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Canaccord Genuity Group lifted their price target on shares of Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, April 25th. Finally, 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. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Rollins presently has an average rating of "Moderate Buy" and a consensus target price of $61.40.

Insider Activity

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the company's stock in a transaction that occurred 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 $36,723,475.08. This represents a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.