Sciencast Management LP Has $1.36 Million Position in Rollins, Inc. $ROL

Key Points

• Sciencast Management LP decreased its holdings in Rollins, Inc. by 60.5%, selling 38,403 shares and ending the quarter with 25,082 shares valued at approximately $1.36 million.
• Rollins reported a 12.1% revenue increase year-over-year with a quarterly earnings per share of $0.30, exceeding estimates by $0.01 and showing a net margin of 13.7%.
• The firm declared a quarterly dividend of $0.165 per share with an annualized yield of 1.2%, set to be paid on September 10th, 2023.

Sciencast Management LP trimmed its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 60.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,082 shares of the business services provider's stock after selling 38,403 shares during the period. Sciencast Management LP's holdings in Rollins were worth $1,355,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Rollins by 3.0% during the first 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 period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in 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 valued at $553,464,000 after acquiring an additional 38,503 shares during the period. Wellington Management Group LLP raised its position 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 valued at $157,659,000 after buying an additional 894,731 shares during the last quarter. Dimensional Fund Advisors LP raised its position 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 valued at $141,424,000 after buying an additional 98,607 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Rollins by 2.2% during the first 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. 51.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on ROL shares. Wells Fargo & Company reaffirmed an "overweight" rating and set a $65.00 price objective (up previously from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Piper Sandler upped their price objective 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. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and upped their price objective for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Finally, UBS Group upped their price objective on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Rollins presently has an average rating of "Moderate Buy" and an average target price of $61.40.

Rollins Price Performance

ROL traded down $0.79 during midday trading on Friday, reaching $57.43. 1,806,469 shares of the company's stock were exchanged, compared to its average volume of 1,820,730. The firm has a market capitalization of $27.83 billion, a price-to-earnings ratio of 56.86 and a beta of 0.69. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a one year low of $45.34 and a one year high of $59.10. The business has a 50-day simple moving average of $56.95 and a two-hundred day simple moving average of $55.65.

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, topping analysts' consensus estimates of $0.29 by $0.01. The firm had revenue of $999.53 million during the quarter, compared to analysts' expectations of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. As a group, research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. Rollins's dividend payout ratio (DPR) is presently 65.35%.

Insider Buying and Selling at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the completion of the sale, the chairman owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.