USS Investment Management Ltd Sells 23,100 Shares of Rollins, Inc. $ROL

by · The Cerbat Gem

USS Investment Management Ltd trimmed its position in Rollins, Inc. (NYSE:ROL – Free Report) by 28.8% in the first quarter, HoldingsChannel reports. The firm owned 57,090 shares of the business services provider’s stock after selling 23,100 shares during the quarter. USS Investment Management Ltd’s holdings in Rollins were worth $3,085,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Security Financial Services INC. grew its position in Rollins by 3.2% in the 1st quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider’s stock worth $309,000 after purchasing an additional 178 shares in the last quarter. KFG Wealth Management LLC grew its position in Rollins by 1.9% in the 1st quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider’s stock worth $611,000 after purchasing an additional 211 shares in the last quarter. Pittenger & Anderson Inc. grew its position in Rollins by 1.7% in the 1st quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider’s stock worth $710,000 after purchasing an additional 214 shares in the last quarter. Horizon Investments LLC grew its position in Rollins by 5.8% in the 1st quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider’s stock worth $219,000 after purchasing an additional 224 shares in the last quarter. Finally, Allworth Financial LP grew its position in Rollins by 11.0% in the 1st quarter. Allworth Financial LP now owns 2,317 shares of the business services provider’s stock worth $129,000 after purchasing an additional 230 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Insider Activity at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the 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 directly owned 632,727 shares in the company, valued at $36,723,475.08. This represents a 4.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.47% of the company’s stock.

Rollins Stock Performance

Shares of ROL stock opened at $57.12 on Tuesday. The stock has a market capitalization of $27.68 billion, a P/E ratio of 56.56 and a beta of 0.69. 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 firm’s 50 day moving average is $56.88 and its 200 day moving average is $55.59. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10.

Rollins (NYSE:ROL – Get Free Report) 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. The company had revenue of $999.53 million for the quarter, compared to analysts’ expectations of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. Rollins’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. On average, sell-side analysts anticipate 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 will be paid on Wednesday, September 10th. Investors of record on Monday, August 11th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, August 11th. Rollins’s dividend payout ratio is presently 65.35%.

Wall Street Analysts Forecast Growth

ROL has been the topic of a number of research analyst reports. Argus initiated coverage on shares of Rollins in a research note on Wednesday, June 18th. They issued a “buy” rating and a $68.00 target price on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $65.00 target price (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. UBS Group boosted their target price on shares of Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Piper Sandler boosted their target price on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Finally, Barclays boosted their target price 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. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.40.

Read Our Latest Stock Report on ROL

About Rollins

(Free Report)

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.

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