Rollins, Inc. $ROL Stock Position Lessened by Cyrus J. Lawrence LLC

Key Points

• Cyrus J. Lawrence LLC has significantly reduced its stake in Rollins, Inc. by 94.2%, owning only 8,159 shares worth $440,000 after selling 132,340 shares in the 1st quarter.
• The company reported a 12.1% increase in quarterly revenue year-over-year, totaling $999.53 million, and exceeded analysts' EPS expectations with a report of $0.30 per share.
• Rollins has declared a quarterly dividend of $0.165 per share, with a payout ratio of 65.35%, demonstrating continued commitment to returning value to shareholders.

Cyrus J. Lawrence LLC decreased its position in Rollins, Inc. (NYSE:ROL - Free Report) by 94.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,159 shares of the business services provider's stock after selling 132,340 shares during the quarter. Cyrus J. Lawrence LLC's holdings in Rollins were worth $440,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ROL. Bank Pictet & Cie Europe AG lifted its holdings in shares of Rollins by 6.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider's stock valued at $3,061,000 after buying an additional 4,100 shares during the period. Northern Trust Corp lifted its holdings in shares of Rollins by 11.8% in the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock valued at $141,221,000 after buying an additional 322,610 shares during the period. Lido Advisors LLC lifted its holdings in shares of Rollins by 45.3% in the fourth quarter. Lido Advisors LLC now owns 12,808 shares of the business services provider's stock valued at $594,000 after buying an additional 3,994 shares during the period. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Rollins by 736.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 82,438 shares of the business services provider's stock valued at $3,821,000 after buying an additional 72,581 shares during the period. Finally, Keel Point LLC lifted its holdings in shares of Rollins by 5.1% in the fourth quarter. Keel Point LLC now owns 5,397 shares of the business services provider's stock valued at $250,000 after buying an additional 262 shares during the period. Institutional investors and hedge funds own 51.79% of the company's stock.

Insiders Place Their Bets

In other Rollins 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 completion of the sale, the chairman owned 632,727 shares in the company, valued at $36,723,475.08. This represents a 4.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.47% of the company's stock.

Rollins Stock Up 0.5%

NYSE:ROL opened at $56.54 on Friday. The business's fifty day moving average price is $56.87 and its 200 day moving average price is $55.32. The firm has a market capitalization of $27.40 billion, a price-to-earnings ratio of 55.98 and a beta of 0.69. 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 1-year low of $45.34 and a 1-year high of $59.10.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The firm had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The business's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. On average, sell-side analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. UBS Group upped their price objective on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Barclays upped their target price on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Argus began coverage on Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 target price for the company. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and upped their target price for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $65.00 target price (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Six equities 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, the company currently has a consensus 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.

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