Rollins, Inc. $ROL Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its holdings in Rollins, Inc. (NYSE:ROL) by 60.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,642 shares of the business services provider’s stock after selling 13,158 shares during the period. Bessemer Group Inc.’s holdings in Rollins were worth $488,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Rollins in the second quarter worth $30,000. GW&K Investment Management LLC increased its position in shares of Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after acquiring an additional 548 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after acquiring an additional 375 shares in the last quarter. National Pension Service grew 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 valued at $58,000 after purchasing an additional 462 shares in the last quarter. Finally, HM Payson & Co. acquired a new stake in Rollins during the 1st quarter valued at $63,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

Shares of ROL stock opened at $57.62 on Monday. The firm has a market cap of $27.92 billion, a P/E ratio of 53.85 and a beta of 0.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $59.12. The firm has a fifty day moving average of $56.75 and a two-hundred day moving average of $56.75.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $0.29 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, November 10th. This is an increase from Rollins’s previous quarterly dividend of $0.17. Rollins’s payout ratio is 68.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company set a $63.00 price target on shares of Rollins and gave the company an “overweight” rating in a report on Tuesday, October 28th. Piper Sandler raised their price target on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, July 25th. UBS Group raised their price target on shares of Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a report on Tuesday, October 14th. Finally, Canaccord Genuity Group set a $55.00 price objective on shares of Rollins and gave the stock a “hold” rating in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.73.

Rollins Company 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.