SCS Capital Management LLC Takes $251,000 Position in Rollins, Inc. $ROL

Key Points

• SCS Capital Management LLC acquired a new position in Rollins, Inc., purchasing 4,650 shares worth approximately $251,000 in the first quarter.
• The stock has a market capitalization of $27.83 billion and reported a 12.1% increase in revenue year-over-year, with quarterly earnings surpassing analyst expectations.
• Analysts have varied ratings on Rollins, with six giving it a Buy rating and an average price target of $61.40, reflecting a generally positive outlook.

SCS Capital Management LLC purchased a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,650 shares of the business services provider's stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ROL. City Holding Co. bought a new stake in shares of Rollins in the 1st quarter valued at about $27,000. GW&K Investment Management LLC increased its stake in Rollins by 961.4% during the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock worth $33,000 after purchasing an additional 548 shares in the last quarter. CVA Family Office LLC increased its stake in Rollins by 73.0% during the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after purchasing an additional 340 shares in the last quarter. National Pension Service increased its stake in Rollins by 75.0% during the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider's stock worth $58,000 after purchasing an additional 462 shares in the last quarter. Finally, HM Payson & Co. bought a new stake in Rollins during the 1st quarter worth approximately $63,000. 51.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

ROL has been the subject of a number of research reports. UBS Group increased their target price on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and increased their target price for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. Zacks Research cut Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Argus assumed coverage on Rollins in a research note on Wednesday, June 18th. They set a "buy" rating and a $68.00 target price for the company. Finally, Barclays raised their price target on shares of Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.40.

Rollins Price Performance

Shares of ROL opened at $57.43 on Friday. The stock has a market capitalization of $27.83 billion, a P/E 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 twelve month low of $45.34 and a twelve month high of $59.10. The company has a 50 day moving average of $56.97 and a 200-day moving average of $55.69.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. As a group, equities research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

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

Insider Activity at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of the 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 completion of the sale, the chairman owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.

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