Rollins, Inc. $ROL Holdings Lowered by Conestoga Capital Advisors LLC

Key Points

• Conestoga Capital Advisors cut its Rollins stake by 9.9% in the third quarter, selling 98,121 shares; it retained 893,470 shares valued at about $26.9 million.
• Rollins reported quarterly EPS of $0.34, in line with estimates, while revenue of $1.09 billion fell short of forecasts but rose 6.2% year over year.
• The company raised its quarterly dividend from $0.1825 to $0.20 per share. Analysts’ consensus rating was “Hold,” with an average price target of $39.25.

Conestoga Capital Advisors LLC lowered its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 9.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 893,470 shares of the business services provider's stock after selling 98,121 shares during the quarter. Conestoga Capital Advisors LLC owned about 0.19% of Rollins worth $26,911,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Raiffeisen Bank International AG grew its stake in shares of Rollins by 73.5% during the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider's stock worth $27,000 after purchasing an additional 272 shares during the period. Westpac Banking Corp acquired a new position in Rollins in the second quarter valued at about $42,000. Pinnacle Wealth Planning Services Inc. lifted its stake in Rollins by 137.7% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,236 shares of the business services provider's stock valued at $37,000 after buying an additional 716 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new position in Rollins during the second quarter worth about $88,000. Finally, Assetmark Inc. boosted its holdings in Rollins by 38.7% during the first quarter. Assetmark Inc. now owns 2,166 shares of the business services provider's stock worth $116,000 after buying an additional 604 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Trading Up 2.8%

NYSE ROL opened at $38.40 on Thursday. The firm has a market cap of $18.36 billion, a P/E ratio of 32.48, a P/E/G ratio of 4.23 and a beta of 0.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.58. The stock's 50-day moving average is $33.55 and its 200-day moving average is $46.62. Rollins, Inc. has a one year low of $29.28 and a one year high of $66.14.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Rollins had a return on equity of 39.43% and a net margin of 13.19%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the firm earned $0.35 EPS. Rollins's quarterly revenue was up 6.2% compared to the same quarter last year. Sell-side analysts anticipate that Rollins, Inc. will post 1.14 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This is an increase from Rollins's previous quarterly dividend of $0.1825. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Rollins's payout ratio is presently 66.97%.

Analyst Ratings Changes

ROL has been the subject of several analyst reports. Barclays set a $45.00 target price on Rollins and gave the stock an "overweight" rating in a research report on Friday, July 24th. Argus lowered shares of Rollins from a "buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Morgan Stanley lowered their target price on shares of Rollins from $45.00 to $43.00 and set an "overweight" rating for the company in a research note on Tuesday, October 13th. Piper Sandler downgraded shares of Rollins from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $46.00 to $33.00 in a research note on Wednesday, September 23rd. Finally, Weiss Ratings lowered shares of Rollins from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $39.25.

Rollins Profile

Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.

Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company's best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.

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