ING Groep NV Has $5.90 Million Holdings in Rollins, Inc. (NYSE:ROL)

Key Points

• ING Groep NV significantly increased its holdings in Rollins, Inc. by 204.5% in the first quarter, acquiring an additional 73,374 shares for a total value of approximately $5.9 million.
• Rollins had a strong earnings report with a reported $0.30 earnings per share, exceeding estimates and reflecting a 12.1% revenue increase compared to the previous year.
• The company announced a quarterly dividend of $0.165 per share, representing a 1.1% dividend yield, with the ex-dividend date set for August 11th.

ING Groep NV raised its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 204.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,250 shares of the business services provider's stock after acquiring an additional 73,374 shares during the quarter. ING Groep NV's holdings in Rollins were worth $5,903,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. City Holding Co. acquired a new position in shares of Rollins during the 1st quarter worth approximately $27,000. GW&K Investment Management LLC grew its position in shares of Rollins by 961.4% during the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock worth $33,000 after purchasing an additional 548 shares in the last quarter. CVA Family Office LLC grew its position in shares of Rollins by 73.0% during the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after purchasing an additional 340 shares in the last quarter. Colonial Trust Co SC grew its position in shares of Rollins by 61.3% during the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock worth $50,000 after purchasing an additional 411 shares in the last quarter. Finally, HM Payson & Co. acquired a new position in shares of Rollins during the 1st quarter worth approximately $63,000. 51.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ROL shares. Wells Fargo & Company restated an "overweight" rating and set a $65.00 target price (up previously from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Canaccord Genuity Group increased their price target on shares of Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, April 25th. Barclays increased their price target 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. Argus initiated coverage on shares of Rollins in a research report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target on the stock. Finally, Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and increased their price target for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Rollins currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.40.

Rollins Price Performance

Rollins stock traded up $0.15 during mid-day trading on Friday, reaching $58.66. The company had a trading volume of 966,148 shares, compared to its average volume of 1,724,977. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $59.10. 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 company has a market cap of $28.43 billion, a P/E ratio of 58.07 and a beta of 0.69. The business has a fifty day simple moving average of $56.78 and a 200 day simple moving average of $54.45.

Rollins (NYSE:ROL - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, beating 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 firm had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. During the same quarter last year, the business posted $0.27 earnings per share. The company's quarterly revenue was up 12.1% on a year-over-year basis. On average, equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently declared 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, August 11th. Rollins's payout ratio is 65.35%.

Insider Activity at Rollins

In other news, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the transaction, the chairman owned 662,727 shares in the company, valued at approximately $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 accessible through the SEC website. Company insiders own 4.47% of the company's stock.

Rollins Company 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.