Select Equity Group L.P. Invests $27.40 Million in Rollins, Inc. $ROL

Key Points

• Select Equity Group L.P. has acquired 507,081 shares of Rollins, Inc. for approximately $27.4 million, reflecting their commitment in the business services provider.
• Major institutional investors, such as Vanguard Group and Wellington Management, have also increased their holdings in Rollins, showcasing significant confidence in the company's performance.
• Rollins is expected to announce a quarterly dividend of $0.165 per share, with a yield of 1.2%, indicating consistent returns for shareholders.

Select Equity Group L.P. purchased a new position in Rollins, Inc. (NYSE:ROL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 507,081 shares of the business services provider's stock, valued at approximately $27,398,000. Select Equity Group L.P. owned 0.10% of Rollins as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ROL. Security Financial Services INC. lifted its holdings in shares of 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 acquiring an additional 178 shares during the last quarter. KFG Wealth Management LLC boosted its holdings in shares of Rollins by 1.9% in the 1st quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider's stock worth $611,000 after purchasing an additional 211 shares in the last quarter. Pittenger & Anderson Inc. boosted its holdings in shares of Rollins by 1.7% in the 1st quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider's stock worth $710,000 after purchasing an additional 214 shares in the last quarter. Horizon Investments LLC boosted its holdings in shares of Rollins by 5.8% in the 1st quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider's stock worth $219,000 after purchasing an additional 224 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Rollins by 11.0% in the 1st quarter. Allworth Financial LP now owns 2,317 shares of the business services provider's stock worth $129,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

Rollins Trading Down 1.5%

ROL traded down $0.88 during trading on Friday, hitting $57.34. 697,150 shares of the stock traded hands, compared to its average volume of 1,814,178. The firm has a market capitalization of $27.79 billion, a P/E ratio of 56.73 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. The firm has a 50-day moving average of $56.95 and a 200 day moving average of $55.65. 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 released 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. The business had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.Rollins's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 EPS. Equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th were issued a $0.165 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.2%. Rollins's dividend payout ratio is 65.35%.

Insider Buying and Selling

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the company's 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 completion of the transaction, the chairman directly owned 632,727 shares in the company, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.47% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ROL. UBS Group raised their price objective on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and raised their price objective for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Wells Fargo & Company reissued an "overweight" rating and set a $65.00 price objective (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Barclays increased their target price on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Finally, Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $61.40.

About Rollins

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.