Rollins, Inc. $ROL Shares Acquired by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Rollins, Inc. by 5.1% during the second quarter, owning 95,108 shares worth approximately $5.36 million.
• Rollins reported a 12.1% year-over-year revenue increase, with earnings per share of $0.30, exceeding analyst expectations of $0.29.
• The company recently declared a quarterly dividend of $0.165, amounting to an annualized yield of 1.1%, with a payout ratio of 65.35%.

Public Employees Retirement System of Ohio grew its position in Rollins, Inc. (NYSE:ROL - Free Report) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,108 shares of the business services provider's stock after purchasing an additional 4,580 shares during the period. Public Employees Retirement System of Ohio's holdings in Rollins were worth $5,366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Rollins by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider's stock worth $1,876,815,000 after purchasing an additional 999,797 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Rollins by 0.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider's stock worth $553,464,000 after purchasing an additional 38,503 shares during the last quarter. Wellington Management Group LLP grew its position in Rollins by 44.2% in the 1st quarter. Wellington Management Group LLP now owns 2,917,984 shares of the business services provider's stock worth $157,659,000 after purchasing an additional 894,731 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Rollins by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,940 shares of the business services provider's stock worth $141,424,000 after purchasing an additional 98,607 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Rollins by 2.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,301,146 shares of the business services provider's stock worth $124,331,000 after purchasing an additional 49,871 shares during the last quarter. Institutional investors own 51.79% of the company's stock.

Rollins Stock Up 0.1%

ROL stock opened at $58.47 on Tuesday. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10. The firm has a market cap of $28.33 billion, a PE ratio of 57.89 and a beta of 0.69. The firm has a 50 day simple moving average of $57.12 and a 200 day simple moving average of $56.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63.

Rollins (NYSE:ROL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, beating 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 business had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. During the same period in the prior year, the business earned $0.27 earnings per share. The business's quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, August 11th. Rollins's dividend payout ratio is 65.35%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Piper Sandler upped their target price on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on shares of Rollins in a research report on Friday. They issued an "overweight" rating and a $70.00 target price for the company. Wells Fargo & Company restated an "overweight" rating and issued a $65.00 target price (up previously from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Zacks Research cut shares of Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Argus initiated coverage on shares of Rollins in a report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective for the company. Seven investment 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 a consensus rating of "Moderate Buy" and a consensus target price of $62.18.

Insider Activity at Rollins

In related news, Chairman John F. Wilson sold 30,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.47% of the company's stock.

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.

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