Rollins, Inc. $ROL Shares Sold by JLB & Associates Inc.

Key Points

• JLB & Associates Inc. reduced its stake in Rollins, Inc. by 2.3%, selling 8,058 shares, while maintaining ownership of approximately 348,872 shares worth about $19.68 million.
• Rollins reported a 12.1% increase in revenue year-over-year, with earnings per share of $0.30, exceeding consensus estimates.
• The company announced a $0.165 quarterly dividend with a yield of 1.1%, reflecting a payout ratio of 65.35%.

JLB & Associates Inc. trimmed its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 2.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 348,872 shares of the business services provider's stock after selling 8,058 shares during the period. Rollins accounts for approximately 2.7% of JLB & Associates Inc.'s portfolio, making the stock its 12th largest position. JLB & Associates Inc. owned about 0.07% of Rollins worth $19,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Rollins by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider's stock valued at $1,876,815,000 after acquiring an additional 999,797 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Rollins by 0.4% during the first 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 lifted its holdings in shares of Rollins by 44.2% during the first 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 period. Dimensional Fund Advisors LP lifted its holdings in shares of Rollins by 3.9% during the first 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 period. 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 valued at $124,331,000 after buying an additional 49,871 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Insider Activity

In other news, Chairman John F. Wilson sold 30,000 shares of the 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 sale, the chairman directly owned 632,727 shares in the company, valued at $36,723,475.08. This 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 available through the SEC website. 4.47% of the stock is owned by company insiders.

Rollins Stock Up 0.1%

ROL opened at $58.47 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The company has a market cap of $28.33 billion, a price-to-earnings ratio of 57.89 and a beta of 0.69. Rollins, Inc. has a one year low of $45.34 and a one year high of $59.10. The business's fifty day moving average is $57.12 and its two-hundred day moving average is $56.10.

Rollins (NYSE:ROL - Get Free Report) last released 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. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The business had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. During the same quarter in the previous year, the company posted $0.27 EPS. The business's revenue was up 12.1% on a year-over-year basis. Analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently announced 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 was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a yield of 1.1%. Rollins's payout ratio is presently 65.35%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays upped their price objective on shares of Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Zacks Research cut shares of Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. started coverage on Rollins in a report on Friday. They issued an "overweight" rating and a $70.00 price objective on the stock. Argus began coverage on Rollins in a research report on Wednesday, June 18th. They set a "buy" rating and a $68.00 target price on the stock. Finally, Piper Sandler raised their price target on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $62.18.

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.

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