UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Position in Rollins, Inc. $ROL

Key Points

• UBS Asset Management increased its stake in Rollins, Inc. by 6.8%, owning 1,987,331 shares valued at approximately $107.4 million.
• Research analysts have given Rollins a mixed outlook, with ratings ranging from a "strong-buy" to a "hold" and an average price target of $61.40.
• Rollins reported better than expected quarterly earnings, with a 12.1% year-over-year revenue growth and earnings of $0.30 per share, surpassing analysts' estimates.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 6.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,987,331 shares of the business services provider's stock after buying an additional 126,533 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.41% of Rollins worth $107,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ROL. Bank Pictet & Cie Europe AG raised its holdings in Rollins by 6.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider's stock worth $3,061,000 after purchasing an additional 4,100 shares in the last quarter. Focus Partners Wealth purchased a new position in Rollins during the fourth quarter worth about $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Rollins by 9.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock worth $1,353,000 after purchasing an additional 2,574 shares in the last quarter. OMERS ADMINISTRATION Corp raised its holdings in Rollins by 19.6% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 12,382 shares of the business services provider's stock worth $574,000 after purchasing an additional 2,031 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in Rollins during the fourth quarter worth about $429,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on ROL shares. Zacks Research cut shares of Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Argus started coverage on shares of Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target for the company. Piper Sandler increased their price target on shares of Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Barclays increased their price target on shares of Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Finally, UBS Group increased their target price on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Rollins currently has an average rating of "Moderate Buy" and an average target price of $61.40.

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 shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the sale, the chairman directly owned 632,727 shares in the company, valued at $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.47% of the stock is owned by corporate insiders.

Rollins Trading Down 1.4%

NYSE:ROL opened at $57.43 on Friday. The company has a market capitalization of $27.83 billion, a PE 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 52-week low of $45.34 and a 52-week high of $59.10. The stock has a fifty day simple moving average of $56.97 and a 200-day simple moving average of $55.69.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. The business 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 business's revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 EPS. On average, equities research analysts expect 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 was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were given a $0.165 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. Rollins's dividend payout ratio is currently 65.35%.

Rollins Company 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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