National Pension Service Raises Position in Rollins, Inc. (NYSE:ROL)

National Pension Service lifted its position in shares of Rollins, Inc. (NYSE:ROL) by 75.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,078 shares of the business services provider’s stock after buying an additional 462 shares during the quarter. National Pension Service’s holdings in Rollins were worth $58,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ROL. City Holding Co. purchased a new position in shares of Rollins in the first quarter worth $27,000. GW&K Investment Management LLC raised its position in 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 lifted its stake in Rollins by 73.0% during the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 340 shares during the period. Colonial Trust Co SC boosted its holdings in shares of Rollins by 61.3% during the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 411 shares during the last quarter. Finally, HM Payson & Co. purchased a new stake in shares of Rollins during the 1st quarter valued at about $63,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Trading Down 0.2%

NYSE:ROL opened at $57.33 on Friday. Rollins, Inc. has a one year low of $45.34 and a one year high of $59.10. The business has a fifty day moving average price of $56.76 and a 200-day moving average price of $54.80. The firm has a market capitalization of $27.78 billion, a price-to-earnings ratio of 56.76 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) last issued its quarterly earnings results 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. Rollins had a return on equity of 36.96% and a net margin of 13.70%. The business had revenue of $999.53 million during the quarter, compared to analysts’ expectations of $988.77 million. During the same quarter in the prior year, the business posted $0.27 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Sell-side analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.165 per share. The ex-dividend date is 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 presently 65.35%.

Insider Buying and Selling

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the company’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 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 document filed with the SEC, which is available through this hyperlink. Insiders own 4.47% of the company’s stock.

Analyst Ratings Changes

ROL has been the subject of several research reports. Piper Sandler boosted their price objective on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, July 25th. UBS Group increased their price target on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a 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 report on Friday, July 25th. The Goldman Sachs Group set a $61.00 price objective on Rollins and gave the company a “buy” rating in a research report on Thursday, April 24th. Finally, Jefferies Financial Group raised Rollins from a “hold” rating to a “buy” rating and raised their target price for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $61.40.

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.