Moran Wealth Management LLC Boosts Stake in Rollins, Inc. $ROL

Moran Wealth Management LLC raised its position in shares of Rollins, Inc. (NYSE:ROL) by 1,332.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 211,648 shares of the business services provider’s stock after acquiring an additional 196,871 shares during the period. Moran Wealth Management LLC’s holdings in Rollins were worth $11,941,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC grew its position in Rollins by 961.4% during the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 548 shares during the period. CVA Family Office LLC boosted its position in shares of Rollins by 73.0% in the first 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 period. Geneos Wealth Management Inc. boosted 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 buying an additional 375 shares during the period. National Pension Service boosted its position in shares of Rollins by 75.0% in the first 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 period. Finally, HM Payson & Co. purchased a new stake in shares of Rollins in the first quarter worth about $63,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 1.6%

NYSE:ROL opened at $56.06 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. Rollins, Inc. has a one year low of $45.34 and a one year high of $59.12. The business’s 50-day simple moving average is $57.24 and its 200 day simple moving average is $56.48. The stock has a market cap of $27.17 billion, a price-to-earnings ratio of 55.51 and a beta of 0.69.

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

Rollins Announces Dividend

The firm also recently declared 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 was Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. Rollins’s payout ratio is 65.35%.

Insider Activity at Rollins

In related news, Chairman John F. Wilson sold 30,000 shares of the business’s stock in a transaction dated 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 transaction, the chairman owned 632,727 shares in the company, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Zacks Research downgraded Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. assumed coverage on Rollins in a research report on Friday, September 26th. They issued an “overweight” rating and a $70.00 target price for the company. Argus assumed coverage on Rollins in a research report on Wednesday, June 18th. They issued a “buy” rating and a $68.00 target price for the company. Piper Sandler upped 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, UBS Group upped 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. Eight 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 company has a consensus rating of “Moderate Buy” and an average price target 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.