Rollins, Inc. $ROL Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL trimmed its stake in Rollins (NYSE: ROL) by 2.1%, selling 45,723 shares and leaving 2,124,489 shares valued at about $124.8 million; institutional investors now own roughly 51.79% of the company.
• Rollins missed quarterly estimates with EPS of $0.25 versus $0.27 expected and revenue of $912.9M versus $925.1M, though revenue was up 9.7% year-over-year, and the firm declared a quarterly dividend of $0.1825 per share (annualized $0.73, ~1.3% yield).

Blair William & Co. IL decreased its position in Rollins, Inc. (NYSE:ROL - Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,124,489 shares of the business services provider's stock after selling 45,723 shares during the period. Blair William & Co. IL owned 0.44% of Rollins worth $124,793,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROL. Root Financial Partners LLC acquired a new position in Rollins in the third quarter valued at approximately $31,000. TD Waterhouse Canada Inc. increased its stake in Rollins by 58.4% during the second quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider's stock worth $41,000 after acquiring an additional 269 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Rollins during the second quarter worth $42,000. TruNorth Capital Management LLC purchased a new stake in Rollins in the third quarter valued at $45,000. Finally, First Horizon Corp purchased a new stake in Rollins in the third quarter valued at $47,000. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Trading Up 0.3%

ROL opened at $58.34 on Friday. Rollins, Inc. has a 52 week low of $49.73 and a 52 week high of $66.14. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $61.36 and a 200-day simple moving average of $59.24. The firm has a market cap of $28.07 billion, a P/E ratio of 53.52, a P/E/G ratio of 3.59 and a beta of 0.80.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Rollins had a net margin of 14.00% and a return on equity of 38.16%. The firm had revenue of $912.91 million during the quarter, compared to analysts' expectations of $925.08 million. During the same quarter in the prior year, the firm posted $0.22 EPS. Rollins's quarterly revenue was up 9.7% compared to the same quarter last year. 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 will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th will be paid a dividend of $0.1825 per share. The ex-dividend date is Wednesday, February 25th. This represents a $0.73 dividend on an annualized basis and a yield of 1.3%. Rollins's dividend payout ratio is 66.97%.

Insider Activity at Rollins

In other news, CEO Jerry Jr. Gahlhoff sold 1,307 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total transaction of $82,118.81. Following the sale, the chief executive officer owned 327,079 shares of the company's stock, valued at approximately $20,550,373.57. This represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Gary W. Rollins sold 10,355 shares of the firm's stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $62.83, for a total transaction of $650,604.65. Following the completion of the transaction, the chairman directly owned 5,312,114 shares of the company's stock, valued at approximately $333,760,122.62. The trade was a 0.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 73,351 shares of company stock valued at $4,554,785. 4.47% of the stock is owned by company insiders.

Analyst Ratings Changes

ROL has been the subject of a number of research analyst reports. Morgan Stanley set a $70.00 price target on Rollins in a report on Friday, February 13th. Weiss Ratings restated a "buy (b)" rating on shares of Rollins in a report on Monday, December 29th. Bank of America began coverage on shares of Rollins in a research report on Tuesday, February 17th. They issued a "buy" rating and a $67.00 target price on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Rollins in a research note on Tuesday, December 2nd. Finally, Wells Fargo & Company set a $56.00 price target on shares of Rollins and gave the company an "equal weight" rating in a research report on Thursday, February 12th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $66.08.

About Rollins

Rollins, Inc NYSE: ROL is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.

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