Rollins, Inc. $ROL Shares Purchased by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC significantly increased its stake in Rollins, Inc. by 145.3% during the first quarter, bringing its total holdings to 11,797 shares valued at $637,000.
• Rollins, Inc. reported earnings of $0.30 per share for the last quarter, surpassing analysts' expectations of $0.29, with a revenue increase of 12.1% year-over-year to $999.53 million.
• The company announced a quarterly dividend of $0.165 per share, translating to an annualized dividend of $0.66 and a yield of 1.2%.

Townsquare Capital LLC increased its position in Rollins, Inc. (NYSE:ROL - Free Report) by 145.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,797 shares of the business services provider's stock after buying an additional 6,987 shares during the period. Townsquare Capital LLC's holdings in Rollins were worth $637,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. City Holding Co. acquired a new position in shares of Rollins in the first quarter valued at approximately $27,000. GW&K Investment Management LLC raised its position in shares of Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after buying an additional 548 shares during the last quarter. CVA Family Office LLC raised its position in shares of Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after buying an additional 340 shares during the last quarter. Colonial Trust Co SC raised its position in shares of Rollins by 61.3% in the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after buying an additional 411 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in shares of Rollins in the first quarter valued at approximately $63,000. Institutional investors and hedge funds own 51.79% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ROL shares. Barclays boosted their price objective on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Wells Fargo & Company restated an "overweight" rating and issued a $65.00 target price (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and boosted their target price for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Piper Sandler boosted their target price on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, Canaccord Genuity Group boosted their target price on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, April 25th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.40.

Rollins Trading Down 0.5%

ROL traded down $0.2690 during trading on Thursday, hitting $58.1710. 77,240 shares of the company's stock were exchanged, compared to its average volume of 1,849,117. The firm has a market cap of $28.19 billion, a P/E ratio of 57.58 and a beta of 0.69. The stock has a 50 day moving average price of $56.81 and a 200 day moving average price of $54.94. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.10.

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. The business had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. As a group, analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

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 paid a $0.165 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. Rollins's dividend payout ratio is 65.35%.

Insider Buying and Selling at Rollins

In other news, Chairman John F. Wilson sold 40,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the transaction, the chairman directly owned 662,727 shares in the company, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.