USA Financial Formulas Makes New Investment in Rollins, Inc. $ROL

Key Points

• USA Financial Formulas made a new investment in Rollins, Inc., acquiring 11,431 shares valued at approximately $645,000 during the 2nd quarter.
• Rollins has received a variety of analyst ratings, with a consensus price target of $62.18 and several analysts maintaining an "overweight" rating.
• The company declared a quarterly dividend, recently paying $0.165 per share, which corresponds to an annualized yield of 1.1%.

USA Financial Formulas bought a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,431 shares of the business services provider's stock, valued at approximately $645,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Rollins by 3.0% in the first quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider's stock valued at $1,876,815,000 after purchasing an additional 999,797 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Rollins by 0.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider's stock valued at $553,464,000 after purchasing an additional 38,503 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Rollins by 44.2% in the first quarter. Wellington Management Group LLP now owns 2,917,984 shares of the business services provider's stock valued at $157,659,000 after purchasing an additional 894,731 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Rollins by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,617,940 shares of the business services provider's stock valued at $141,424,000 after purchasing an additional 98,607 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Rollins by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,301,146 shares of the business services provider's stock valued at $124,331,000 after purchasing an additional 49,871 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $65.00 price target (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Zacks Research downgraded Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Piper Sandler raised their price target on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. initiated coverage on shares of Rollins in a research note on Friday, September 26th. They issued an "overweight" rating and a $70.00 target price for the company. Finally, Barclays increased their target price on shares of Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.18.

Rollins Stock Down 1.0%

Shares of ROL opened at $58.14 on Thursday. The stock has a market cap of $28.18 billion, a price-to-earnings ratio of 57.56 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 12 month low of $45.34 and a 12 month high of $59.12. The company has a 50-day moving average price of $57.25 and a two-hundred day moving average price of $56.13.

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

Rollins Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a yield of 1.1%. Rollins's dividend payout ratio (DPR) is currently 65.35%.

Insider Buying and Selling

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 transaction, the chairman owned 632,727 shares in the company, valued at $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.47% of the stock is currently owned by corporate insiders.

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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