Abacus FCF Advisors LLC Purchases 195,576 Shares of Rollins, Inc. $ROL

Key Points

• Abacus FCF Advisors LLC significantly increased its stake in Rollins, Inc. by 339.0% during the 2nd quarter, now holding 253,270 shares valued at approximately $14.29 million.
• Rollins reported $999.53 million in revenue for the latest quarter, exceeding analysts' expectations, with a 12.1% year-over-year increase in revenue.
• The company declared a quarterly dividend of $0.165 per share, translating to a 1.2% yield, with a current dividend payout ratio of 65.35%.

Abacus FCF Advisors LLC lifted its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 339.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 253,270 shares of the business services provider's stock after purchasing an additional 195,576 shares during the quarter. Rollins comprises approximately 2.0% of Abacus FCF Advisors LLC's investment portfolio, making the stock its 26th biggest position. Abacus FCF Advisors LLC owned 0.05% of Rollins worth $14,289,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Security Financial Services INC. boosted its holdings in Rollins by 3.2% during the 1st quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider's stock valued at $309,000 after acquiring an additional 178 shares during the period. Red Spruce Capital LLC boosted its holdings in Rollins by 1.2% during the 2nd quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider's stock valued at $896,000 after acquiring an additional 182 shares during the period. KFG Wealth Management LLC boosted its holdings in 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 holdings in Rollins by 1.7% during the 1st quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider's stock valued at $710,000 after acquiring an additional 214 shares during the period. Finally, Horizon Investments LLC boosted its holdings in Rollins by 5.8% during the 1st quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider's stock valued at $219,000 after acquiring an additional 224 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rollins

In related news, Chairman John F. Wilson sold 30,000 shares of Rollins 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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.47% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ROL. Argus began 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 increased 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. UBS Group increased their price target on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Zacks Research lowered Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $65.00 target price (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 company. According to data from MarketBeat, Rollins currently has an average rating of "Moderate Buy" and a consensus target price of $61.40.

Rollins Stock Performance

Shares of ROL traded down $0.22 during mid-day trading on Tuesday, hitting $55.34. The stock had a trading volume of 731,212 shares, compared to its average volume of 1,827,267. The company has a market cap of $26.82 billion, a PE ratio of 54.82 and a beta of 0.69. The company's fifty day simple moving average is $56.98 and its two-hundred day simple moving average is $55.90. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $59.10.

Rollins (NYSE:ROL - Get Free Report) last announced 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. The business had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The business's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. On average, equities analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were issued a dividend of $0.165 per share. The ex-dividend date was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. Rollins's payout ratio is currently 65.35%.

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.