S Bank Fund Management Ltd Invests $513,000 in Rollins, Inc. (NYSE:ROL)

Key Points

• S Bank Fund Management Ltd has invested approximately $513,000 in Rollins, Inc. by acquiring 9,497 shares of the company in the first quarter.
• Rollins, Inc. reported $0.30 earnings per share for the last quarter, exceeding expectations of $0.29, with revenues totaling about $999.53 million, reflecting a 12.1% year-over-year increase.
• The company declared a quarterly dividend of $0.165 per share, with an ex-dividend date of August 11th, resulting in an annualized dividend yield of 1.1%.

S Bank Fund Management Ltd purchased a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,497 shares of the business services provider's stock, valued at approximately $513,000.

A number of other large investors also recently added to or reduced their stakes in ROL. City Holding Co. acquired a new position in shares of Rollins during the 1st quarter valued at $27,000. GW&K Investment Management LLC boosted its holdings in shares of Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after acquiring an additional 548 shares in the last quarter. CVA Family Office LLC boosted its holdings in shares of Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after acquiring an additional 340 shares in the last quarter. National Pension Service boosted its holdings in shares of Rollins by 75.0% in the first quarter. National Pension Service now owns 1,078 shares of the business services provider's stock valued at $58,000 after acquiring an additional 462 shares in the last quarter. Finally, Colonial Trust Co SC lifted its stake in Rollins by 61.3% during the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after purchasing an additional 411 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Down 0.2%

Shares of ROL stock traded down $0.09 on Friday, hitting $57.33. The stock had a trading volume of 1,150,260 shares, compared to its average volume of 1,653,275. The business has a 50 day moving average of $56.76 and a 200 day moving average of $54.80. The stock has a market cap of $27.78 billion, a price-to-earnings ratio of 56.76 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. Rollins, Inc. has a 12-month low of $45.34 and a 12-month 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 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The company's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. As a group, analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders 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 yield of 1.2%. Rollins's payout ratio is presently 65.35%.

Analysts Set New Price Targets

ROL has been the topic of several recent research reports. Piper Sandler lifted their target price on shares of Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Canaccord Genuity Group raised their price target on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a report on Friday, April 25th. UBS Group raised their price target on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $65.00 price objective (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Finally, Argus assumed coverage on shares of Rollins in a research note on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.40.

Insider Transactions at Rollins

In related news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction 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 transaction, the chairman directly owned 632,727 shares of the company's stock, valued at $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.47% of the stock is currently owned by 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.