Rollins, Inc. $ROL Shares Acquired by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management LLC increased its holdings in Rollins, Inc. by 20.6% during the second quarter, owning a total of 129,513 shares valued at approximately $7.3 million.
• Rollins reported a quarterly earnings per share (EPS) of $0.30, exceeding the consensus estimate of $0.29, with revenues reaching $999.53 million, a 12.1% year-over-year increase.
• The company announced a quarterly dividend of $0.165 per share, representing a 1.2% dividend yield and a payout ratio of 65.35%.

Apollon Wealth Management LLC grew its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 20.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,513 shares of the business services provider's stock after purchasing an additional 22,107 shares during the quarter. Apollon Wealth Management LLC's holdings in Rollins were worth $7,307,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Security Financial Services INC. grew its position in shares of Rollins by 3.2% in the first 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 during the last quarter. Red Spruce Capital LLC boosted its position in Rollins by 1.2% during the second quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider's stock worth $896,000 after acquiring an additional 182 shares during the last quarter. Pittenger & Anderson Inc. boosted its position 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 during the last quarter. Horizon Investments LLC boosted its position in Rollins by 5.8% during the first quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider's stock worth $219,000 after acquiring an additional 224 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in shares of Rollins by 2.8% in the 2nd quarter. Ballentine Partners LLC now owns 8,242 shares of the business services provider's stock valued at $465,000 after purchasing an additional 225 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Performance

Rollins stock opened at $56.99 on Friday. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $59.12. The company has a market capitalization of $27.62 billion, a price-to-earnings ratio of 56.43 and a beta of 0.69. 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 firm's fifty day moving average price is $57.29 and its 200 day moving average price is $56.42.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $988.77 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm's quarterly revenue was up 12.1% on a year-over-year basis. On average, research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were given a $0.165 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. Rollins's payout ratio is presently 65.35%.

Insider Buying and Selling at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of the business's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the sale, the chairman owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.47% of the company's stock.

Analyst Ratings Changes

ROL has been the topic of a number of research analyst reports. Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Piper Sandler lifted their price target on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Rollins in a report on Saturday, September 27th. Argus began coverage on shares of Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 target price on the stock. Finally, UBS Group lifted their target price on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $62.18.

Rollins 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.

Want to see what other hedge funds are holding ROL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rollins, Inc. (NYSE:ROL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.