Generali Asset Management SPA SGR Takes Position in Rollins, Inc. $ROL

Generali Asset Management SPA SGR acquired a new position in shares of Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,306 shares of the business services provider’s stock, valued at approximately $1,710,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Rollins by 3.0% during 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 during the period. Kayne Anderson Rudnick Investment Management LLC increased its position 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 during the period. AMF Tjanstepension AB lifted its stake in Rollins by 196.2% in 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 buying an additional 2,346,592 shares during the last quarter. Wellington Management Group LLP boosted its holdings 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 acquiring an additional 894,731 shares during the period. 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 worth $141,424,000 after acquiring an additional 98,607 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ROL has been the topic of several recent research reports. Barclays lifted their price objective on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. began coverage on Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective for the company. Piper Sandler raised their target price on Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Zacks Research downgraded Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company reissued 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. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.18.

Insider Activity

In other news, Chairman John F. Wilson sold 30,000 shares of Rollins 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 4.47% of the stock is owned by corporate insiders.

Rollins Stock Performance

ROL opened at $55.85 on Friday. The business has a 50 day moving average price of $57.05 and a two-hundred day moving average price of $56.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The company has a market capitalization of $27.07 billion, a price-to-earnings ratio of 55.30 and a beta of 0.69. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.12.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $999.53 million for the quarter, compared to analysts’ expectations of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. Research analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were given a dividend of $0.165 per share. The ex-dividend date was Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. Rollins’s dividend payout ratio (DPR) 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.