TD Asset Management Inc Sells 81,559 Shares of Rollins, Inc. $ROL

Key Points

• TD Asset Management Inc reduced its stake in Rollins, Inc. by 5.1%, selling 81,559 shares, and now owns about 1.5 million shares valued at approximately $85 million.
• Rollins reported better-than-expected quarterly earnings with an EPS of $0.30, exceeding the consensus estimate of $0.29, alongside a 12.1% revenue growth year-over-year.
• Despite recent sales by corporate insiders, analysts maintain an average rating of "Moderate Buy" for Rollins, with a projected price target of $62.18.

TD Asset Management Inc decreased its position in Rollins, Inc. (NYSE:ROL - Free Report) by 5.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,507,583 shares of the business services provider's stock after selling 81,559 shares during the period. TD Asset Management Inc owned about 0.31% of Rollins worth $85,058,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Security Financial Services INC. grew its holdings in shares of Rollins by 3.2% in the first quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider's stock worth $309,000 after purchasing an additional 178 shares during the last quarter. Red Spruce Capital LLC grew its holdings in shares of Rollins by 1.2% in the second quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider's stock worth $896,000 after purchasing an additional 182 shares during the last quarter. Pittenger & Anderson Inc. grew its holdings in shares of Rollins by 1.7% in the first 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 during the last quarter. Horizon Investments LLC grew its holdings in shares of Rollins by 5.8% in the first 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 during the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of Rollins by 2.8% in the second quarter. Ballentine Partners LLC now owns 8,242 shares of the business services provider's stock worth $465,000 after purchasing an additional 225 shares during the last quarter. Institutional investors own 51.79% of the company's stock.

Rollins Stock Performance

NYSE:ROL opened at $56.94 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The stock has a market cap of $27.59 billion, a P/E ratio of 56.37 and a beta of 0.69. The firm's fifty day simple moving average is $57.22 and its 200 day simple moving average is $56.48. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.12.

Rollins (NYSE:ROL - Get Free Report) last announced 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 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%.The company's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $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. Shareholders of record on Monday, August 11th were given 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 yield of 1.2%. Rollins's dividend payout ratio (DPR) is currently 65.35%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ROL. UBS Group raised their target price on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. JPMorgan Chase & Co. started coverage on shares of Rollins in a report on Friday, September 26th. They issued an "overweight" rating and a $70.00 price target on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Rollins in a report on Tuesday. Barclays lifted their price target 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 cut shares of Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Rollins has an average rating of "Moderate Buy" and an average price target of $62.18.

Insider Buying and Selling

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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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