Eventide Asset Management LLC Buys 24,848 Shares of Rollins, Inc. $ROL

Eventide Asset Management LLC raised its stake in Rollins, Inc. (NYSE:ROL) by 4.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 594,299 shares of the business services provider’s stock after buying an additional 24,848 shares during the period. Eventide Asset Management LLC owned about 0.12% of Rollins worth $32,094,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Rollins by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider’s stock worth $1,876,815,000 after purchasing an additional 999,797 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Rollins by 0.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider’s stock worth $553,464,000 after buying an additional 38,503 shares in the last quarter. Wellington Management Group LLP grew its position in 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 acquiring an additional 894,731 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Rollins by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,940 shares of the business services provider’s stock worth $141,424,000 after acquiring an additional 98,607 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Rollins by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,301,146 shares of the business services provider’s stock worth $124,331,000 after buying an additional 49,871 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of the firm’s stock in a transaction dated 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 sale, the chairman owned 632,727 shares in the company, valued at approximately $36,723,475.08. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.47% of the company’s stock.

Analyst Upgrades and Downgrades

ROL has been the subject of several recent analyst reports. Barclays upped their price objective on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, July 25th. Piper Sandler increased their price objective on Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. UBS Group boosted their target price on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $65.00 price target (up previously from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Finally, Jefferies Financial Group raised shares of 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 research report on Monday, June 2nd. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.40.

Rollins Price Performance

Rollins stock opened at $56.24 on Thursday. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.10. The company has a market cap of $27.25 billion, a price-to-earnings ratio of 55.68 and a beta of 0.69. The firm’s fifty day moving average is $56.84 and its 200 day moving average is $55.40. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last announced 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 net margin of 13.70% and a return on equity of 36.96%. The firm had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. During the same quarter last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed 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. This represents a $0.66 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend 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.