Strs Ohio Acquires 29,412 Shares of Rollins, Inc. $ROL

Key Points

• Strs Ohio boosted its Rollins stake by 438.3%, adding 29,412 shares to finish the quarter with 36,123 shares valued at $2.168 million.
• Insider Elizabeth B. Chandler sold 14,201 shares at an average of $59.36 (a 20.24% reduction), and insiders now own 5.77% of the company.
• Rollins reported Q earnings of $0.24 EPS and $906.4M revenue (+10.2% YoY), announced a quarterly dividend of $0.1825 (annualized $0.73, yield 1.3%, ex-dividend May 11), and holds a consensus Moderate Buy with an average price target of $65.27.

Strs Ohio grew its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 438.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,123 shares of the business services provider's stock after acquiring an additional 29,412 shares during the quarter. Strs Ohio's holdings in Rollins were worth $2,168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ROL. Cornerstone Planning Group LLC lifted its position in Rollins by 528.4% during the fourth quarter. Cornerstone Planning Group LLC now owns 421 shares of the business services provider's stock valued at $26,000 after purchasing an additional 354 shares during the last quarter. Board of the Pension Protection Fund bought a new stake in Rollins in the 4th quarter worth approximately $30,000. Root Financial Partners LLC bought a new stake in Rollins in the 3rd quarter worth approximately $31,000. Torren Management LLC purchased a new stake in Rollins in the fourth quarter worth approximately $36,000. Finally, First Horizon Corp purchased a new position in shares of Rollins in the third quarter worth about $47,000. Hedge funds and other institutional investors own 51.79% of the company's stock.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 14,201 shares of the business's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $59.36, for a total transaction of $842,971.36. Following the completion of the sale, the insider owned 55,977 shares of the company's stock, valued at $3,322,794.72. The trade was a 20.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.77% of the stock is currently owned by insiders.

Rollins Trading Down 0.1%

Rollins stock opened at $54.12 on Wednesday. Rollins, Inc. has a 52-week low of $52.32 and a 52-week high of $66.14. The company has a market cap of $26.06 billion, a P/E ratio of 49.65, a P/E/G ratio of 3.33 and a beta of 0.79. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $55.66 and a two-hundred day simple moving average of $58.61.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $906.42 million for the quarter, compared to analysts' expectations of $895.17 million. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The business's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 EPS. Analysts predict that Rollins, Inc. will post 1.24 EPS for the current year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be paid a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, May 11th. Rollins's dividend payout ratio (DPR) is currently 66.97%.

Analyst Ratings Changes

ROL has been the topic of a number of research reports. Bank of America started coverage on shares of Rollins in a research note on Tuesday, February 17th. They set a "buy" rating and a $67.00 target price on the stock. Royal Bank Of Canada set a $67.00 price target on Rollins and gave the stock an "outperform" rating in a research report on Thursday, February 12th. UBS Group raised their price target on shares of Rollins from $58.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, April 24th. Wells Fargo & Company set a $56.00 target price on Rollins and gave the stock an "equal weight" rating in a research report on Thursday, February 12th. Finally, Loop Capital initiated coverage on shares of Rollins in a report on Monday, April 13th. They issued a "hold" rating and a $56.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $65.27.

About Rollins

Rollins, Inc NYSE: ROL is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.

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