Westfield Capital Management Co. LP Sells 4,536 Shares of Rollins, Inc. (NYSE:ROL)

Key Points

• Westfield Capital Management Co. LP reduced its position in Rollins, Inc. by 4.7%, owning 92,834 shares valued at approximately $5 million after selling 4,536 shares in the first quarter.
• Analysts have set new price targets for Rollins, with Jefferies Financial Group upgrading the stock to a "buy" rating and raising its price objective from $55 to $65.
• Rollins declared a quarterly dividend of $0.165 per share, set to be paid on September 10th, with a dividend yield of 1.1% and a payout ratio of 65.35%.

Westfield Capital Management Co. LP decreased its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 4.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 92,834 shares of the business services provider's stock after selling 4,536 shares during the period. Westfield Capital Management Co. LP's holdings in Rollins were worth $5,016,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ROL. Security Financial Services INC. boosted its stake in shares of Rollins by 3.2% in the 1st quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider's stock valued at $309,000 after purchasing an additional 178 shares in the last quarter. KFG Wealth Management LLC lifted its position in shares of Rollins by 1.9% during the 1st quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider's stock valued at $611,000 after acquiring an additional 211 shares during the period. Pittenger & Anderson Inc. boosted its stake in Rollins by 1.7% during the first quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider's stock worth $710,000 after acquiring an additional 214 shares in the last quarter. Allworth Financial LP grew its holdings in Rollins by 11.0% in the first quarter. Allworth Financial LP now owns 2,317 shares of the business services provider's stock worth $129,000 after purchasing an additional 230 shares during the period. Finally, QRG Capital Management Inc. increased its stake in Rollins by 3.2% in the first quarter. QRG Capital Management Inc. now owns 8,195 shares of the business services provider's stock valued at $443,000 after purchasing an additional 251 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on ROL. Canaccord Genuity Group increased their price target on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, April 25th. Wall Street Zen raised shares of Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. 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 report on Friday, July 25th. UBS Group upped their target price on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Wells Fargo & Company reissued 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. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.40.

Insiders Place Their Bets

In other news, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the transaction, the insider directly owned 38,028 shares of the company's stock, valued at $2,150,103.12. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction dated 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 sale, the chairman directly owned 632,727 shares in the company, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,921 shares of company stock worth $4,120,613 in the last three months. Insiders own 4.47% of the company's stock.

Rollins Stock Performance

Shares of ROL traded up $0.15 during mid-day trading on Thursday, hitting $58.48. The stock had a trading volume of 1,186,716 shares, compared to its average volume of 1,745,354. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $58.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The business has a fifty day moving average price of $56.76 and a 200-day moving average price of $54.38. The firm has a market cap of $28.34 billion, a P/E ratio of 57.90 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. The business had revenue of $999.53 million for the quarter, compared to analysts' expectations of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. On average, equities research analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.1%. Rollins's payout ratio is presently 65.35%.

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.