Rollins, Inc. $ROL Shares Acquired by Swmg LLC

Swmg LLC grew its holdings in Rollins, Inc. (NYSE:ROL) by 13.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,762 shares of the business services provider’s stock after acquiring an additional 1,413 shares during the quarter. Swmg LLC’s holdings in Rollins were worth $673,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in Rollins in the second quarter worth about $77,000. Oppenheimer & Co. Inc. purchased a new position in shares of Rollins in the first quarter worth about $464,000. Gallacher Capital Management LLC purchased a new position in shares of Rollins in the second quarter worth about $256,000. QRG Capital Management Inc. raised its stake in shares of Rollins by 7.0% in the second quarter. QRG Capital Management Inc. now owns 8,767 shares of the business services provider’s stock worth $495,000 after purchasing an additional 572 shares during the last quarter. Finally, Select Equity Group L.P. purchased a new position in shares of Rollins in the first quarter worth about $27,398,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Up 1.1%

Shares of ROL stock opened at $55.85 on Friday. The stock has a 50 day moving average of $57.05 and a 200 day moving average of $56.51. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The stock has a market cap of $27.07 billion, a P/E ratio of 55.30 and a beta of 0.69. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $59.12.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $999.53 million during 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%.Rollins’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share. As a group, sell-side analysts expect that Rollins, Inc. will post 1.09 EPS for the current 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 $0.165 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. Rollins’s payout ratio is 65.35%.

Analyst Ratings Changes

Several research analysts have recently issued reports on ROL shares. Piper Sandler raised their price objective on Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Barclays raised their price objective on Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, July 25th. Zacks Research cut Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a research note on Tuesday, October 14th. Finally, UBS Group raised their price objective on Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.18.

Insider Activity at Rollins

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 stock was 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 directly owned 632,727 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this link. 4.47% of the stock is owned by company insiders.

Rollins 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.