Vident Advisory LLC Purchases 5,290 Shares of Rollins, Inc. $ROL

Key Points

• Vident Advisory LLC increased its stake in Rollins, Inc. by 33.4%, now owning 21,123 shares worth approximately $1,141,000 after acquiring 5,290 additional shares.
• Several analysts have raised their price targets for Rollins, with the consensus target price now at $61.40, indicating a generally positive outlook for the stock.
• The company declared a quarterly dividend of $0.165 per share, with an annualized yield of 1.2% and a payout ratio of 65.35%.

Vident Advisory LLC lifted its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 33.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,123 shares of the business services provider's stock after acquiring an additional 5,290 shares during the quarter. Vident Advisory LLC's holdings in Rollins were worth $1,141,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Rollins by 9.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock valued at $1,353,000 after acquiring an additional 2,574 shares in the last quarter. Farther Finance Advisors LLC raised its position in Rollins by 56.4% in the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock valued at $340,000 after buying an additional 2,254 shares during the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Rollins during the 1st quarter valued at $225,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Rollins in the first quarter valued at about $464,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in Rollins by 305.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock worth $8,631,000 after buying an additional 120,294 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Insiders Place Their Bets

In other 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 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 $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.47% of the stock is owned by insiders.

Rollins Stock Performance

ROL stock traded up $0.33 during trading on Monday, reaching $56.85. The stock had a trading volume of 586,641 shares, compared to its average volume of 1,823,476. The firm has a market cap of $27.55 billion, a PE ratio of 56.24 and a beta of 0.69. The stock's 50 day moving average is $56.87 and its two-hundred day moving average is $55.55. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 52 week low of $45.34 and a 52 week 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 for the quarter, topping the consensus estimate of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The firm had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. During the same period in the previous year, the business earned $0.27 EPS. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.165 per share. The ex-dividend date is Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.2%. Rollins's dividend payout ratio is presently 65.35%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays raised their price target on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note 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 note on Monday, June 2nd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $65.00 price target (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 research note on Wednesday, August 13th. Finally, Piper Sandler boosted their price objective on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Rollins has an average rating of "Moderate Buy" and an average target price of $61.40.

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.