Rollins, Inc. (NYSE:ROL) Holdings Lifted by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its holdings in Rollins, Inc. by 256.0% in the first quarter, owning over 605,000 shares valued at around $32.72 million.
• Rollins reported a quarterly EPS of $0.30, surpassing expectations, with revenues reaching approximately $999.53 million, a 12.1% increase year-over-year.
• The company declared a quarterly dividend of $0.165 per share, representing an annual yield of 1.1% and a payout ratio of 65.35%.

Russell Investments Group Ltd. lifted its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 256.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 605,617 shares of the business services provider's stock after acquiring an additional 435,487 shares during the period. Russell Investments Group Ltd. owned 0.12% of Rollins worth $32,718,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. City Holding Co. purchased a new position in Rollins during the 1st quarter worth approximately $27,000. GW&K Investment Management LLC grew its stake in shares of Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after purchasing an additional 548 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of Rollins by 73.0% in the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after buying an additional 340 shares during the period. Colonial Trust Co SC lifted its holdings in shares of Rollins by 61.3% in the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after buying an additional 411 shares during the period. Finally, HM Payson & Co. acquired a new position in Rollins during the first quarter worth $63,000. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Stock Performance

Shares of Rollins stock traded down $0.09 on Friday, reaching $57.33. 1,150,260 shares of the company were exchanged, compared to its average volume of 1,653,275. 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's 50-day moving average is $56.76 and its two-hundred day moving average is $54.80. The firm has a market cap of $27.78 billion, a price-to-earnings ratio of 56.76 and a beta of 0.69. 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 posted its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, beating 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 analysts' expectations of $988.77 million. During the same period last year, the firm earned $0.27 EPS. The firm's revenue was up 12.1% compared to the same quarter last year. As a group, research analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ROL shares. Piper Sandler lifted their price objective on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Wells Fargo & Company reiterated an "overweight" rating and issued a $65.00 target price (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Barclays boosted their price target on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and upped their target price for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Finally, The Goldman Sachs Group set a $61.00 price target on Rollins and gave the company a "buy" rating in a report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.40.

Insider Activity

In related news, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the transaction, the chairman directly owned 662,727 shares in the company, valued at $37,623,011.79. The trade was a 5.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.47% of the company's stock.

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.