United Services Automobile Association Invests $297,000 in Rollins, Inc. $ROL

Key Points

• USAA invests approximately $297,000 in Rollins, acquiring 5,593 shares, marking a strategic move in the business services sector.
• Analysts have set a consensus price target of $61.40 for Rollins shares, with multiple upgrades reflecting positive market sentiment.
• Rollins recently announced a quarterly dividend of $0.165 per share, yielding 1.1%, with a payout ratio of 65.35%.

United Services Automobile Association bought a new position in Rollins, Inc. (NYSE:ROL - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 5,593 shares of the business services provider's stock, valued at approximately $297,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Rollins by 9.7% in the 4th 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 during the period. Farther Finance Advisors LLC lifted its position in shares of Rollins by 56.4% in the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock worth $340,000 after purchasing an additional 2,254 shares during the period. Pallas Capital Advisors LLC purchased a new stake in shares of Rollins in the 1st quarter worth about $225,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Rollins in the 1st quarter worth about $464,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Rollins by 305.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock worth $8,631,000 after purchasing an additional 120,294 shares during the period. 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. Argus started coverage on shares of Rollins in a research note on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target for the company. UBS Group increased their price target on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. 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 research note on Friday, July 25th. Wells Fargo & Company reiterated an "overweight" rating and issued a $65.00 price target (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Finally, Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Rollins currently has an average rating of "Moderate Buy" and a consensus price target of $61.40.

Rollins Stock Down 1.4%

NYSE:ROL opened at $57.43 on Friday. The firm has a market cap of $27.83 billion, a P/E ratio of 56.86 and a beta of 0.69. 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, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $59.10. The firm has a 50-day simple moving average of $56.97 and a two-hundred day simple moving average of $55.69.

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. The business had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. Rollins's revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. Analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal 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 paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, August 11th. Rollins's dividend payout ratio (DPR) is currently 65.35%.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the chairman directly owned 632,727 shares in the company, valued at approximately $36,723,475.08. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.47% of the company's stock.

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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