UMB Bank n.a. Increases Position in Rollins, Inc. $ROL

Key Points

• UMB Bank n.a. increased its stake in Rollins, Inc. by an extraordinary 53,037.7% in Q2, owning 208,831 shares valued at approximately $11.78 million.
• Chairman John F. Wilson sold 30,000 shares for $1.74 million, reducing his ownership in the company by 4.53%.
• Recent analyst upgrades for Rollins include a price target increase by Piper Sandler to $72.00 and a "buy" rating from Jefferies Financial Group, raising their target from $55.00 to $65.00.

UMB Bank n.a. raised its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 53,037.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 208,831 shares of the business services provider's stock after purchasing an additional 208,438 shares during the quarter. UMB Bank n.a.'s holdings in Rollins were worth $11,782,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diversified Trust Co acquired a new stake in shares of Rollins during the second quarter worth $1,785,000. Kingstone Capital Partners Texas LLC acquired a new stake in Rollins in the 2nd quarter worth about $2,029,000. Wealth Enhancement Advisory Services LLC raised its holdings in Rollins by 42.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 228,305 shares of the business services provider's stock valued at $12,886,000 after acquiring an additional 68,564 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in shares of Rollins by 1.6% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 107,300 shares of the business services provider's stock worth $6,054,000 after buying an additional 1,700 shares during the last quarter. Finally, Wedmont Private Capital grew its stake in shares of Rollins by 4.6% during the second quarter. Wedmont Private Capital now owns 9,410 shares of the business services provider's stock worth $525,000 after buying an additional 410 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ROL shares. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and increased their target price for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Wells Fargo & Company reiterated 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. Argus began coverage on shares of Rollins in a research report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective on the stock. Piper Sandler lifted 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. Finally, Zacks Research cut shares of Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. 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, the company currently has an average rating of "Moderate Buy" and an average target price of $61.40.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the transaction, 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 document filed with the SEC, which can be accessed through the SEC website. 4.47% of the stock is currently owned by company insiders.

Rollins Price Performance

ROL traded up $0.11 during midday trading on Monday, hitting $55.62. The stock had a trading volume of 1,931,551 shares, compared to its average volume of 1,833,379. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.10. The company has a market cap of $26.96 billion, a P/E ratio of 55.07 and a beta of 0.69. The business has a fifty day moving average of $56.98 and a 200 day moving average of $55.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, beating 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 firm 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 firm posted $0.27 earnings per share. The business's quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

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

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.