Wealth Enhancement Advisory Services LLC Increases Stock Holdings in Rollins, Inc. $ROL

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Rollins, Inc. by 42.9% in the 2nd quarter, now owning 228,305 shares valued at approximately $12.89 million.
• Rollins reported a quarterly earnings per share (EPS) of $0.30, beating analysts' expectations of $0.29, with a revenue increase of 12.1% year-over-year.
• The company declared a quarterly dividend of $0.165 per share, marking an annual yield of 1.2% and a dividend payout ratio of 65.35%.

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 42.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 228,305 shares of the business services provider's stock after purchasing an additional 68,564 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Rollins were worth $12,886,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Rollins by 9.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock valued at $1,353,000 after purchasing an additional 2,574 shares during the period. Farther Finance Advisors LLC increased its position in shares of Rollins by 56.4% during the 1st 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 last quarter. Pallas Capital Advisors LLC bought a new position in shares of Rollins during the 1st quarter valued at approximately $225,000. Oppenheimer & Co. Inc. bought a new position in shares of Rollins during the 1st quarter valued at approximately $464,000. Finally, Gallacher Capital Management LLC bought a new position in shares of Rollins during the 2nd quarter valued at approximately $256,000. Institutional investors own 51.79% of the company's stock.

Rollins Trading Down 0.3%

Rollins stock opened at $55.56 on Monday. The stock has a 50-day moving average of $56.98 and a two-hundred day moving average of $55.87. 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 one year low of $45.34 and a one year high of $59.10. The stock has a market cap of $26.93 billion, a PE ratio of 55.01 and a beta of 0.69.

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

Rollins Announces Dividend

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 $0.165 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. Rollins's dividend payout ratio (DPR) is 65.35%.

Analyst Ratings Changes

ROL has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and boosted their price objective for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Barclays upped their target price on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Argus initiated coverage on Rollins in a report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 target price for the company. Piper Sandler upped their target price on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, UBS Group upped their target price on Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.40.

Insider Buying and Selling

In other news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction dated 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 transaction, the chairman directly owned 632,727 shares of the company's stock, valued at approximately $36,723,475.08. This 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 accessible through the SEC website. Company insiders own 4.47% of the company's stock.

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.

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