QRG Capital Management Inc. Has $495,000 Position in Rollins, Inc. $ROL

QRG Capital Management Inc. lifted its position in shares of Rollins, Inc. (NYSE:ROL) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,767 shares of the business services provider’s stock after buying an additional 572 shares during the period. QRG Capital Management Inc.’s holdings in Rollins were worth $495,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ROL. Park Avenue Securities LLC boosted its position in shares of Rollins by 2.1% during the first quarter. Park Avenue Securities LLC now owns 19,822 shares of the business services provider’s stock worth $1,071,000 after buying an additional 412 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Rollins by 56.4% during the first quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider’s stock worth $340,000 after buying an additional 2,254 shares during the period. Pallas Capital Advisors LLC acquired a new position in shares of Rollins during the first quarter worth about $225,000. GAMMA Investing LLC boosted its position in Rollins by 21.5% during the first quarter. GAMMA Investing LLC now owns 9,729 shares of the business services provider’s stock valued at $526,000 after purchasing an additional 1,722 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Rollins by 6.9% in the first quarter. Handelsbanken Fonder AB now owns 69,727 shares of the business services provider’s stock valued at $3,767,000 after purchasing an additional 4,486 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Stock Performance

NYSE:ROL opened at $56.99 on Friday. The stock has a market cap of $27.62 billion, a P/E ratio of 56.43 and a beta of 0.69. The stock has a 50 day simple moving average of $57.29 and a 200 day simple moving average of $56.42. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.12.

Rollins (NYSE:ROL) last released its quarterly 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. The business 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%.The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $0.27 EPS. Research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were given 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 was Monday, August 11th. Rollins’s dividend payout ratio is presently 65.35%.

Insider Buying and Selling at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the sale, the chairman directly 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.47% of the company’s stock.

Analysts Set New Price Targets

ROL has been the subject of a number of analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $65.00 price target (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Piper Sandler raised their price target on Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Zacks Research downgraded Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. UBS Group raised their price target on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Rollins in a research note on Saturday, September 27th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Rollins has a consensus rating of “Moderate Buy” and a consensus target price of $62.18.

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.