Riverbridge Partners LLC Sells 160,398 Shares of Rollins, Inc. $ROL

Key Points

• Riverbridge Partners LLC reduced its stake in Rollins, Inc. by 7.1%, selling 160,398 shares, which now represents approximately 1.9% of its portfolio.
• Several institutional investors, including the Public Employees Retirement System of Ohio and Fifth Third Bancorp, modified their holdings in Rollins during the second quarter, indicating ongoing institutional interest.
• Rollins reported a quarterly earnings per share (EPS) of $0.30, exceeding estimates, with revenue up 12.1% year-over-year, reflecting strong business performance.

Riverbridge Partners LLC cut its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,112,697 shares of the business services provider's stock after selling 160,398 shares during the period. Rollins comprises approximately 1.9% of Riverbridge Partners LLC's portfolio, making the stock its 13th biggest holding. Riverbridge Partners LLC owned about 0.44% of Rollins worth $119,198,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its stake in Rollins by 5.1% in the second quarter. Public Employees Retirement System of Ohio now owns 95,108 shares of the business services provider's stock valued at $5,366,000 after purchasing an additional 4,580 shares during the last quarter. Ballentine Partners LLC grew its position in Rollins by 2.8% during the second quarter. Ballentine Partners LLC now owns 8,242 shares of the business services provider's stock worth $465,000 after buying an additional 225 shares in the last quarter. CHB Investment Group LLC purchased a new position in Rollins during the second quarter worth about $3,774,000. Fifth Third Bancorp grew its position in Rollins by 10.7% during the second quarter. Fifth Third Bancorp now owns 18,652 shares of the business services provider's stock worth $1,052,000 after buying an additional 1,801 shares in the last quarter. Finally, KFG Wealth Management LLC raised its position in Rollins by 3.0% during the second quarter. KFG Wealth Management LLC now owns 11,645 shares of the business services provider's stock valued at $657,000 after purchasing an additional 340 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the completion of the transaction, the chairman directly owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.47% of the company's stock.

Rollins Stock Performance

Shares of ROL opened at $56.13 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. Rollins, Inc. has a one year low of $45.34 and a one year high of $59.10. The firm has a market capitalization of $27.20 billion, a P/E ratio of 55.57 and a beta of 0.69. The business has a fifty day moving average of $57.00 and a 200 day moving average of $55.90.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping 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 company had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. Rollins's revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have weighed in on ROL. Argus initiated coverage on Rollins in a research report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target on the stock. UBS Group boosted 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. Zacks Research downgraded Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Barclays lifted their price objective on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Finally, Jefferies Financial Group raised 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 report on Monday, June 2nd. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.

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