LGT Fund Management Co Ltd. Grows Stock Holdings in Rollins, Inc. (NYSE:ROL)

Key Points

• LGT Fund Management Co Ltd. increased its stake in Rollins, Inc. by 81.8% during the first quarter, now owning 20,000 shares valued at over $1 million.
• Rollins reported $999.53 million in revenue for its last quarter, exceeding analyst estimates, with a year-over-year revenue increase of 12.1%.
• The company announced a quarterly dividend of $0.165 per share, representing an annual yield of 1.1%, with a payout ratio of 65.35%.

LGT Fund Management Co Ltd. grew its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 81.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the business services provider's stock after purchasing an additional 9,000 shares during the period. LGT Fund Management Co Ltd.'s holdings in Rollins were worth $1,081,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. City Holding Co. acquired a new position in Rollins during the first quarter worth $27,000. GW&K Investment Management LLC lifted its stake in 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 purchasing an additional 548 shares in the last quarter. CVA Family Office LLC lifted its stake in 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 purchasing an additional 340 shares in the last quarter. Colonial Trust Co SC lifted its stake in 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 purchasing an additional 411 shares in the last quarter. Finally, HM Payson & Co. acquired a new position in Rollins during the first quarter worth $63,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Down 0.2%

Rollins stock traded down $0.09 during midday trading on Friday, reaching $57.33. The company's stock had a trading volume of 1,150,260 shares, compared to its average volume of 1,871,996. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $59.10. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a market cap of $27.78 billion, a P/E ratio of 56.76 and a beta of 0.69. The business has a 50-day simple moving average of $56.76 and a 200-day simple moving average of $54.76.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly 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 return on equity of 36.96% and a net margin of 13.70%. The company had revenue of $999.53 million for the quarter, compared to analysts' expectations of $988.77 million. During the same period last year, the firm earned $0.27 earnings per share. Rollins's quarterly revenue was up 12.1% on a year-over-year basis. On average, research analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

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

Insider Activity

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was 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 of the company's stock, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. The Goldman Sachs Group set a $61.00 price objective on Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Barclays increased their price objective on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Wells Fargo & Company reiterated an "overweight" rating and issued a $65.00 price objective (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Finally, Royal Bank Of Canada increased their price objective on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.40.

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.