Rollins, Inc. $ROL Shares Sold by USS Investment Management Ltd

Key Points

• USS Investment Management Ltd reduced its stake in Rollins, Inc. by 28.8% to 57,090 shares, valued at approximately $3.09 million.
• Rollins, Inc. recently reported earnings per share of $0.30, exceeding estimates, with quarterly revenue rising by 12.1% year-over-year to $999.53 million.
• The company announced a quarterly dividend of $0.165 per share with a payout ratio of 65.35% and a dividend yield of 1.2%.

USS Investment Management Ltd reduced its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 28.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,090 shares of the business services provider's stock after selling 23,100 shares during the quarter. USS Investment Management Ltd's holdings in Rollins were worth $3,085,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Rollins by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider's stock worth $1,876,815,000 after purchasing an additional 999,797 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Rollins by 0.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider's stock worth $553,464,000 after purchasing an additional 38,503 shares during the last quarter. Wellington Management Group LLP raised its stake in 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 buying an additional 894,731 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in 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 buying an additional 98,607 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in 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 buying an additional 49,871 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays increased their price target on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Piper Sandler increased their price target on Rollins from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. UBS Group increased their price target on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Zacks Research cut Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and increased their price target for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Rollins currently has an average rating of "Moderate Buy" and a consensus target price of $61.40.

Insider Activity

In related news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the sale, the chairman directly owned 632,727 shares of the company's stock, valued at $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.47% of the stock is currently owned by insiders.

Rollins Stock Performance

Shares of NYSE:ROL traded down $0.79 during trading on Friday, hitting $57.43. The stock had a trading volume of 1,806,469 shares, compared to its average volume of 1,820,730. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $59.10. The stock has a market capitalization of $27.83 billion, a price-to-earnings 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. The stock has a 50-day simple moving average of $56.95 and a two-hundred day simple moving average of $55.65.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data 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. 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 analysts' expectations of $988.77 million. During the same period last year, the business posted $0.27 earnings per share. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, August 11th. Rollins's dividend payout ratio (DPR) is presently 65.35%.

About Rollins

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.