Rollins, Inc. (NYSE:ROL) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its holdings in Rollins, Inc. (NYSE:ROL) by 13.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,815 shares of the business services provider’s stock after selling 2,698 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Rollins were worth $908,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ROL. Bank Pictet & Cie Europe AG grew its stake in Rollins by 6.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider’s stock valued at $3,061,000 after acquiring an additional 4,100 shares during the period. Advisory Services Network LLC purchased a new position in Rollins during the fourth quarter valued at $206,000. Mariner LLC lifted its holdings in Rollins by 1.3% during the fourth quarter. Mariner LLC now owns 97,241 shares of the business services provider’s stock valued at $4,507,000 after purchasing an additional 1,227 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Rollins in the fourth quarter valued at about $461,000. Finally, Guggenheim Capital LLC increased its stake in shares of Rollins by 16.9% during the fourth quarter. Guggenheim Capital LLC now owns 4,729 shares of the business services provider’s stock worth $219,000 after purchasing an additional 684 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman John F. Wilson sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the sale, the chairman owned 662,727 shares in the company, valued at $37,623,011.79. This trade represents a 5.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ROL. Jefferies Financial Group raised shares of Rollins from a “hold” rating to a “buy” rating and raised their price target for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. Canaccord Genuity Group increased their target price on Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, April 25th. Argus assumed coverage on Rollins in a research report on Wednesday, June 18th. They issued a “buy” rating and a $68.00 target price on the stock. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the stock a “buy” rating in a research note on Thursday, April 24th. Finally, Piper Sandler increased their price objective on Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.40.

Rollins Stock Performance

Shares of Rollins stock opened at $57.33 on Friday. The business’s 50 day moving average price is $56.76 and its 200 day moving average price is $54.80. The company has a market cap 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 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.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The business had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, research analysts predict 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 issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 11th. Rollins’s payout ratio is presently 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.