Rollins, Inc. $ROL Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its stake in Rollins, Inc. by 20.1%, now owning 20,973 shares valued at approximately $1,133,000.
• A significant increase in institutional investment was observed, with Wealth Enhancement Advisory Services LLC boosting its holdings in Rollins by 305.0% in the first quarter.
• Rollins recently announced a quarterly dividend of $0.165 per share, reflecting an annualized yield of 1.2% and a payout ratio of 65.35%.

Rafferty Asset Management LLC reduced its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 20.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,973 shares of the business services provider's stock after selling 5,264 shares during the quarter. Rafferty Asset Management LLC's holdings in Rollins were worth $1,133,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROL. Bank Pictet & Cie Europe AG raised its stake in Rollins by 6.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider's stock worth $3,061,000 after acquiring an additional 4,100 shares in the last quarter. Lido Advisors LLC raised its stake in Rollins by 45.3% during the 4th quarter. Lido Advisors LLC now owns 12,808 shares of the business services provider's stock worth $594,000 after acquiring an additional 3,994 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its stake in Rollins by 736.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 82,438 shares of the business services provider's stock worth $3,821,000 after acquiring an additional 72,581 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Rollins by 8.0% during the 4th quarter. BNP Paribas Financial Markets now owns 588,895 shares of the business services provider's stock worth $27,295,000 after acquiring an additional 43,820 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments acquired a new stake in Rollins during the 4th quarter worth $50,161,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman John F. Wilson sold 30,000 shares of the business's stock in a transaction dated 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 in the company, valued at $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.47% of the stock is currently owned by company insiders.

Rollins Stock Performance

NYSE ROL traded down $0.40 during trading on Friday, reaching $56.46. The company's stock had a trading volume of 1,184,224 shares, compared to its average volume of 1,253,012. 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 cap of $27.36 billion, a price-to-earnings ratio of 55.90 and a beta of 0.69. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.10. The business's fifty day moving average price is $56.87 and its 200-day moving average price is $55.52.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The business had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. During the same period in the previous year, the business posted $0.27 earnings per share. The business's revenue was up 12.1% compared to the same quarter last year. As a group, analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

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 paid 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 is Monday, August 11th. Rollins's payout ratio is 65.35%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ROL shares. UBS Group lifted their price target on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Piper Sandler lifted their price objective on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and lifted their price objective for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. Finally, Barclays lifted their price objective on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $61.40.

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.