Thematics Asset Management Cuts Stock Position in Rollins, Inc. $ROL

Key Points

• Thematics Asset Management has reduced its stake in Rollins, Inc. by 10.9%, currently holding approximately 468,546 shares valued at $25.32 million, which constitutes about 1.3% of its investment portfolio.
• Institutional investors collectively own 51.79% of Rollins stock, with various firms adjusting their positions during the 1st quarter, including Kayne Anderson Rudnick Investment Management and Comerica Bank.
• Rollins has recently announced a quarterly dividend of $0.165 per share, with a dividend yield of 1.1%, and reported earnings of $0.30 per share for the last quarter, exceeding analyst expectations.

Thematics Asset Management trimmed its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 10.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 468,546 shares of the business services provider's stock after selling 57,454 shares during the quarter. Rollins accounts for approximately 1.3% of Thematics Asset Management's holdings, making the stock its 23rd largest position. Thematics Asset Management owned approximately 0.10% of Rollins worth $25,316,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Rollins by 9.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock valued at $1,353,000 after buying an additional 2,574 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Rollins by 56.4% during the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock valued at $340,000 after buying an additional 2,254 shares during the period. Pallas Capital Advisors LLC bought a new position in shares of Rollins during the 1st quarter valued at $225,000. Oppenheimer & Co. Inc. bought a new position in shares of Rollins during the 1st quarter valued at $464,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Rollins by 305.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock valued at $8,631,000 after buying an additional 120,294 shares during the period. 51.79% of the stock is owned by institutional investors.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction 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 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 filing with the SEC, which is accessible through the SEC website. Insiders own 4.47% of the company's stock.

Rollins Stock Performance

Rollins stock traded up $0.24 during trading on Wednesday, reaching $56.71. The company had a trading volume of 1,542,905 shares, compared to its average volume of 1,373,406. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $59.10. The firm's 50-day simple moving average is $56.86 and its 200 day simple moving average is $55.19. The firm has a market capitalization of $27.49 billion, a price-to-earnings ratio of 56.15 and a beta of 0.69. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The business had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. During the same quarter in the prior year, the business posted $0.27 EPS. Rollins's revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, August 11th. Rollins's dividend payout ratio is presently 65.35%.

Wall Street Analyst Weigh In

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

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.