Voleon Capital Management LP Sells 6,343 Shares of Rollins, Inc. $ROL

Key Points

• Voleon Capital Management LP reduced its stake in Rollins, Inc. by 23.6%, selling 6,343 shares during the 1st quarter, leaving it with 20,530 shares worth approximately $1.11 million.
• Rollins, Inc. reported earnings of $0.30 per share, surpassing estimates, with a 12.1% increase in revenue year-over-year amounting to $999.53 million for the quarter.
• The company declared a quarterly dividend of $0.165 per share, reflecting a 1.2% dividend yield, with the payout ratio currently at 65.35%.

Voleon Capital Management LP trimmed its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 23.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,530 shares of the business services provider's stock after selling 6,343 shares during the quarter. Voleon Capital Management LP's holdings in Rollins were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. City Holding Co. bought a new position in Rollins during the 1st quarter worth approximately $27,000. GW&K Investment Management LLC grew its position in shares of Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock worth $33,000 after buying an additional 548 shares during the last quarter. CVA Family Office LLC grew its position in shares of Rollins by 73.0% in the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after buying an additional 340 shares during the last quarter. National Pension Service grew its position in shares of Rollins by 75.0% in the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider's stock worth $58,000 after buying an additional 462 shares during the last quarter. Finally, HM Payson & Co. bought a new stake in shares of Rollins in the 1st quarter worth approximately $63,000. 51.79% of the stock is currently owned by institutional investors.

Rollins Trading Up 1.1%

NYSE ROL opened at $57.12 on Tuesday. 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 twelve month low of $45.34 and a twelve month high of $59.10. The firm has a market capitalization of $27.68 billion, a PE ratio of 56.56 and a beta of 0.69. The stock's 50 day moving average is $56.88 and its 200 day moving average is $55.59.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $988.77 million. During the same period in the previous year, the company posted $0.27 earnings per share. The firm's revenue was up 12.1% on a year-over-year basis. Research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 11th will be given a dividend of $0.165 per share. The ex-dividend date is Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. Rollins's payout ratio is currently 65.35%.

Insider Buying and Selling at Rollins

In related news, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction that occurred on 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 in the company, valued at $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Piper Sandler lifted their price objective on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. UBS Group lifted their price objective on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Barclays lifted their price objective on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Finally, Argus assumed coverage on Rollins in a research report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $61.40.

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.

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