Venture Visionary Partners LLC Takes $239,000 Position in Rollins, Inc. $ROL

Key Points

• Venture Visionary Partners LLC acquired 4,432 shares of Rollins, Inc. for approximately $239,000, signaling increased interest in the business services provider during the first quarter.
• Equities analysts have raised price targets for Rollins, with Barclays now targeting $60.00 and Wells Fargo setting a price objective of $65.00, reflecting a general positive outlook on the stock.
• Rollins announced a quarterly dividend of $0.165 per share, with an annualized yield of 1.1%, set to be distributed to stockholders of record on August 11th.

Venture Visionary Partners LLC purchased a new position in Rollins, Inc. (NYSE:ROL - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 4,432 shares of the business services provider's stock, valued at approximately $239,000.

Other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 buying an additional 2,574 shares during the period. Farther Finance Advisors LLC increased its position in shares of Rollins by 56.4% during the first quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock valued at $340,000 after purchasing an additional 2,254 shares during the period. Pallas Capital Advisors LLC bought a new stake in shares of Rollins during the first quarter valued at approximately $225,000. Oppenheimer & Co. Inc. bought a new stake in shares of Rollins during the first quarter valued at approximately $464,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Rollins by 305.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock valued at $8,631,000 after purchasing an additional 120,294 shares during the period. 51.79% of the stock is owned by institutional investors.

Insider Activity

In other news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of 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 filing with the SEC, which is available at this link. 4.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ROL has been the topic of a number of analyst reports. Piper Sandler upped 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. Zacks Research cut Rollins from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Argus initiated coverage on Rollins in a research report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target on the stock. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and upped their price target for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $65.00 price objective (up previously from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Six investment 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.40.

Rollins Trading Down 0.1%

Shares of Rollins stock traded down $0.05 during trading hours on Friday, hitting $57.95. The company's stock had a trading volume of 1,117,500 shares, compared to its average volume of 1,349,702. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10. The stock has a 50 day moving average of $56.85 and a 200 day moving average of $55.13. The company has a market capitalization of $28.08 billion, a PE ratio of 57.38 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63.

Rollins (NYSE:ROL - Get Free Report) last announced 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. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The company had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. During the same period in the prior year, the company earned $0.27 earnings per share. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 11th. Rollins's dividend payout ratio (DPR) is presently 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.