Royal Bank of Canada Has $44 Million Position in Rollins, Inc. $ROL

Key Points

• Royal Bank of Canada reduced its stake in Rollins, Inc. by 5.2%, ending the first quarter with 814,308 shares valued at approximately $43.99 million.
• Several hedge funds have recently increased their holdings in Rollins, with Wealth Enhancement Advisory Services LLC raising its stake by 305.0%.
• Rollins reported a 12.1% year-over-year increase in revenue, achieving $999.53 million in the latest quarter, and announced a quarterly dividend of $0.165 to be paid on September 10th.

Royal Bank of Canada lowered its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 5.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 814,308 shares of the business services provider's stock after selling 44,333 shares during the quarter. Royal Bank of Canada owned 0.17% of Rollins worth $43,998,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Security Financial Services INC. increased 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 worth $309,000 after purchasing an additional 178 shares in the last quarter. KFG Wealth Management LLC lifted its holdings in shares of Rollins by 1.9% in the first quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider's stock valued at $611,000 after purchasing an additional 211 shares in the last quarter. Pittenger & Anderson Inc. boosted its position in shares of Rollins by 1.7% during the first quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider's stock worth $710,000 after buying an additional 214 shares during the period. Horizon Investments LLC grew its holdings in shares of Rollins by 5.8% during the first quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider's stock worth $219,000 after buying an additional 224 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Rollins by 11.0% during the first quarter. Allworth Financial LP now owns 2,317 shares of the business services provider's stock worth $129,000 after buying an additional 230 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

Rollins Stock Up 3.4%

ROL traded up $1.92 during trading on Thursday, reaching $58.29. 1,353,352 shares of the stock were exchanged, compared to its average volume of 1,290,011. The stock has a market cap of $28.25 billion, a P/E ratio of 57.72 and a beta of 0.69. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.10. The stock's 50 day moving average price is $56.95 and its two-hundred day moving average price is $55.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68.

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

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 yield of 1.1%. Rollins's dividend payout ratio (DPR) is presently 65.35%.

Analyst Upgrades and Downgrades

Several research firms have commented on ROL. Piper Sandler boosted their target price on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Barclays increased their target price on shares of Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. UBS Group lifted their price target on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $65.00 price objective (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Rollins has an average rating of "Moderate Buy" and a consensus target price of $61.40.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the company's stock in a transaction that occurred 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 sale, the chairman 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 filing with the Securities & Exchange Commission, which is available at this link. 4.47% of the stock is currently owned by company insiders.

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.