Triasima Portfolio Management inc. Acquires 42,980 Shares of Rollins, Inc. $ROL

Triasima Portfolio Management inc. lifted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 958.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,465 shares of the business services provider’s stock after acquiring an additional 42,980 shares during the period. Triasima Portfolio Management inc.’s holdings in Rollins were worth $2,678,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Rollins by 3.0% during the first 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 last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in 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 worth $553,464,000 after purchasing an additional 38,503 shares during the last quarter. AMF Tjanstepension AB boosted its holdings in Rollins by 196.2% during the second quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider’s stock worth $199,937,000 after purchasing an additional 2,346,592 shares during the last quarter. Wellington Management Group LLP boosted its holdings 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 worth $157,659,000 after purchasing an additional 894,731 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in 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 purchasing an additional 98,607 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Insider Activity

In other 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.47% of the stock is currently owned by company insiders.

Rollins Stock Down 0.6%

ROL opened at $57.95 on Wednesday. The company’s 50-day moving average price is $57.30 and its two-hundred day moving average price is $56.34. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.12. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The stock has a market cap of $28.09 billion, a price-to-earnings ratio of 57.38 and a beta of 0.69.

Rollins (NYSE:ROL) last posted 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. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The company had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were given a $0.165 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. Rollins’s payout ratio is 65.35%.

Wall Street Analyst Weigh In

ROL has been the topic of several analyst reports. Piper Sandler boosted their price target on shares of Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Argus initiated coverage on shares of Rollins in a report on Wednesday, June 18th. They set a “buy” rating and a $68.00 price target on the stock. Wells Fargo & Company restated an “overweight” rating and set a $65.00 price target (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Rollins in a report on Saturday, September 27th. Finally, Zacks Research cut shares of Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.18.

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.