Fifth Third Bancorp Boosts Holdings in Rollins, Inc. $ROL

Fifth Third Bancorp boosted its stake in Rollins, Inc. (NYSE:ROL) by 10.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,652 shares of the business services provider’s stock after acquiring an additional 1,801 shares during the period. Fifth Third Bancorp’s holdings in Rollins were worth $1,052,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ROL. Security Financial Services INC. lifted its holdings in shares of Rollins by 3.2% in the 1st quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 178 shares during the last quarter. Red Spruce Capital LLC increased its position in Rollins by 1.2% during the second quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider’s stock worth $896,000 after buying an additional 182 shares during the period. KFG Wealth Management LLC lifted its stake in Rollins by 1.9% in the first quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider’s stock valued at $611,000 after buying an additional 211 shares during the last quarter. Pittenger & Anderson Inc. boosted its holdings in shares of Rollins by 1.7% in the first quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider’s stock valued at $710,000 after acquiring an additional 214 shares during the period. Finally, Horizon Investments LLC grew its position in shares of Rollins by 5.8% during the first quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider’s stock worth $219,000 after acquiring an additional 224 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insider Buying and Selling

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the company’s stock in a transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.47% of the company’s stock.

Rollins Stock Up 3.6%

Shares of NYSE ROL opened at $58.45 on Monday. The stock has a market capitalization of $28.33 billion, a price-to-earnings ratio of 57.87 and a beta of 0.69. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $59.10. The firm has a 50-day moving average price of $57.06 and a 200 day moving average price of $56.05. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, topping 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 period in the prior year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.1%. Rollins’s payout ratio is currently 65.35%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Argus assumed coverage on shares of Rollins in a research note on Wednesday, June 18th. They set a “buy” rating and a $68.00 price target for the company. Piper Sandler increased their target price on shares of Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Wells Fargo & Company reissued an “overweight” rating and set a $65.00 price target (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. JPMorgan Chase & Co. began coverage on Rollins in a research note on Friday. They set an “overweight” rating and a $70.00 price objective for the company. Finally, Barclays increased their price objective on Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, July 25th. Seven equities research 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.18.

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.