IFM Investors Pty Ltd Decreases Stock Position in Rollins, Inc. $ROL

IFM Investors Pty Ltd trimmed its holdings in shares of Rollins, Inc. (NYSE:ROL) by 21.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,180 shares of the business services provider’s stock after selling 15,263 shares during the period. IFM Investors Pty Ltd’s holdings in Rollins were worth $3,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. City Holding Co. purchased a new stake in Rollins during the 1st quarter worth about $27,000. GW&K Investment Management LLC lifted its holdings in Rollins by 961.4% during the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after buying an additional 548 shares during the last quarter. CVA Family Office LLC lifted its holdings in Rollins by 73.0% during the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider’s stock worth $44,000 after buying an additional 340 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after buying an additional 375 shares during the last quarter. Finally, National Pension Service lifted its holdings in Rollins by 75.0% during the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after buying an additional 462 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rollins

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

Rollins Price Performance

Shares of NYSE:ROL opened at $55.62 on Tuesday. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10. 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 business’s 50 day simple moving average is $56.98 and its 200-day simple moving average is $55.90. The firm has a market capitalization of $26.96 billion, a price-to-earnings ratio of 55.07 and a beta of 0.69.

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

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were paid a $0.165 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. Rollins’s dividend payout ratio is presently 65.35%.

Analyst Ratings Changes

A number of research firms have recently commented on ROL. UBS Group lifted their target price on Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Jefferies Financial Group upgraded Rollins from a “hold” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Zacks Research cut Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Piper Sandler lifted their target price on Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $65.00 target price (up previously from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.40.

About Rollins

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.