Rollins, Inc. $ROL Shares Acquired by Dakota Wealth Management

Key Points

• Dakota Wealth Management increased its stake in Rollins, Inc. by 21.0%, acquiring an additional 24,271 shares, bringing its total to 140,015 shares valued at approximately $7.9 million.
• Chairman John F. Wilson sold 30,000 shares at an average price of $58.04, decreasing his ownership by 4.53% but still retaining over 632,000 shares valued at around $36.7 million.
• Analysts have increased their price targets for Rollins, with Piper Sandler setting a new target at $72.00, indicating a bullish outlook with a consensus price target of $61.40 and a rating of "Moderate Buy."

Dakota Wealth Management raised its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 21.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,015 shares of the business services provider's stock after acquiring an additional 24,271 shares during the quarter. Dakota Wealth Management's holdings in Rollins were worth $7,900,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Security Financial Services INC. grew its position 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 buying an additional 178 shares during the last quarter. Red Spruce Capital LLC grew its position in shares of Rollins by 1.2% in the 2nd quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider's stock valued at $896,000 after buying an additional 182 shares during the last quarter. KFG Wealth Management LLC grew its position in shares of Rollins by 1.9% in the 1st quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider's stock valued at $611,000 after buying an additional 211 shares during the last quarter. Pittenger & Anderson Inc. boosted its position in shares of Rollins by 1.7% in the 1st quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider's stock valued at $710,000 after purchasing an additional 214 shares during the period. Finally, Horizon Investments LLC boosted its position in shares of Rollins by 5.8% in the 1st quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider's stock valued at $219,000 after purchasing an additional 224 shares during the period. Institutional investors and hedge funds own 51.79% of the company's stock.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction on 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 transaction, the chairman owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 4.47% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ROL shares. Piper Sandler upped their target price on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Argus initiated coverage on Rollins in a research report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target on the stock. Barclays boosted their price target on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and lifted their price objective for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $65.00 price objective (up previously from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Rollins has an average rating of "Moderate Buy" and a consensus price target of $61.40.

Rollins Stock Performance

Shares of ROL opened at $56.13 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The stock has a market cap of $27.20 billion, a P/E ratio of 55.57 and a beta of 0.69. The company has a 50-day moving average of $57.00 and a two-hundred day moving average of $55.90. Rollins, Inc. has a 12-month low of $45.34 and a 12-month 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The company had revenue of $999.53 million during the quarter, compared to analysts' expectations of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. As a group, research analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

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

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.

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