Yousif Capital Management LLC Acquires 13,921 Shares of Rollins, Inc. $ROL

Key Points

• Yousif Capital Management LLC increased its holdings in Rollins, Inc. by 41.7%, purchasing an additional 13,921 shares, bringing its total to 47,342 shares valued at approximately $2.67 million.
• Research analysts have mixed ratings for Rollins, with UBS raising its price target to $61 and Piper Sandler increasing it to $72, while Zacks downgraded it from "strong-buy" to "hold."
• Rollins announced a quarterly dividend of $0.165, resulting in an annualized yield of 1.2% and a payout ratio of 65.35%.

Yousif Capital Management LLC grew its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 41.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,342 shares of the business services provider's stock after purchasing an additional 13,921 shares during the period. Yousif Capital Management LLC's holdings in Rollins were worth $2,671,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Rollins by 3.0% during the first quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider's stock valued at $1,876,815,000 after purchasing an additional 999,797 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Rollins by 0.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider's stock valued at $553,464,000 after purchasing an additional 38,503 shares in the last quarter. AMF Tjanstepension AB grew its position in shares of Rollins by 196.2% during the second quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider's stock valued at $199,937,000 after purchasing an additional 2,346,592 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Rollins by 44.2% during 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 purchasing an additional 894,731 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Rollins by 3.9% during 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 purchasing an additional 98,607 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. UBS Group raised their price objective on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Piper Sandler boosted their price objective on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of Rollins in a report on Tuesday. Zacks Research cut Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. began coverage on Rollins in a research report on Friday, September 26th. They set an "overweight" rating and a $70.00 target price for the company. Eight 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 a consensus price target of $62.18.

Insider Buying and Selling

In related news, Chairman John F. Wilson sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the transaction, the chairman owned 632,727 shares of the company's stock, valued at $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.47% of the stock is owned by company insiders.

Rollins Stock Performance

Rollins stock opened at $55.85 on Friday. The company has a market capitalization of $27.07 billion, a PE ratio of 55.30 and a beta of 0.69. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $59.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The company has a 50 day moving average price of $57.05 and a 200-day moving average price of $56.50.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The company had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. Rollins's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. As a group, equities analysts forecast 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 was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were paid a $0.165 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. Rollins's payout ratio is 65.35%.

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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