Wellington Management Group LLP Boosts Position in Rollins, Inc. $ROL

Key Points

• Wellington Management Group LLP increased its stake in Rollins, Inc. by 44.2%, acquiring an additional 894,731 shares, resulting in ownership of approximately 2.9 million shares valued at $157.66 million.
• During the first quarter, other institutional investors also enhanced their positions in Rollins, with increases ranging from 47.4% by Aviso Financial Inc. to 540.6% by Algert Global LLC.
• Rollins, Inc. reported a quarterly EPS of $0.30, beating estimates and reflecting a 12.1% revenue growth year-over-year, along with the announcement of a dividend of $0.165 per share.

Wellington Management Group LLP lifted its position in Rollins, Inc. (NYSE:ROL - Free Report) by 44.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,917,984 shares of the business services provider's stock after buying an additional 894,731 shares during the quarter. Wellington Management Group LLP owned approximately 0.60% of Rollins worth $157,659,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Aviso Financial Inc. grew its stake in Rollins by 47.4% during the first quarter. Aviso Financial Inc. now owns 13,486 shares of the business services provider's stock valued at $729,000 after acquiring an additional 4,338 shares in the last quarter. Algert Global LLC boosted its holdings in Rollins by 540.6% in the 1st quarter. Algert Global LLC now owns 103,264 shares of the business services provider's stock valued at $5,579,000 after purchasing an additional 87,144 shares during the period. Cresset Asset Management LLC grew its position in shares of Rollins by 8.8% during the 1st quarter. Cresset Asset Management LLC now owns 27,807 shares of the business services provider's stock valued at $1,502,000 after purchasing an additional 2,241 shares in the last quarter. Gen Wealth Partners Inc grew its position in shares of Rollins by 13.2% during the 1st quarter. Gen Wealth Partners Inc now owns 17,358 shares of the business services provider's stock valued at $938,000 after purchasing an additional 2,028 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Rollins by 54.1% in the first quarter. American Century Companies Inc. now owns 120,415 shares of the business services provider's stock worth $6,506,000 after purchasing an additional 42,284 shares during the period. 51.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the company'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 sale, the chairman directly owned 632,727 shares in the company, valued at $36,723,475.08. This 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 hyperlink. 4.47% of the stock is owned by corporate insiders.

Rollins Stock Performance

Shares of NYSE ROL opened at $58.4330 on Thursday. The stock's 50-day moving average is $56.81 and its 200 day moving average is $54.94. The stock has a market cap of $28.32 billion, a price-to-earnings ratio of 57.86 and a beta of 0.69. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.10. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL - Get Free Report) last issued 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. The business had revenue of $999.53 million for 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 business's quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share. On average, sell-side 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 will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.1%. Rollins's payout ratio is currently 65.35%.

Wall Street Analyst Weigh In

ROL has been the subject of several recent analyst reports. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and boosted their target price for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Barclays lifted their price target on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Argus began coverage on shares of Rollins in a research report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective on the stock. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, Zacks Research cut shares of Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Rollins currently has a consensus rating of "Moderate Buy" and an average target price of $61.40.

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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