LGT Fund Management Co Ltd. Acquires 8,000 Shares of Rollins, Inc. $ROL

LGT Fund Management Co Ltd. grew its holdings in shares of Rollins, Inc. (NYSE:ROL) by 40.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,000 shares of the business services provider’s stock after purchasing an additional 8,000 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Rollins were worth $1,580,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. City Holding Co. bought a new position in shares of Rollins during the 1st quarter valued at $27,000. GW&K Investment Management LLC raised its holdings in shares of Rollins by 961.4% during the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 548 shares in the last quarter. CVA Family Office LLC raised its holdings in shares of Rollins by 73.0% during the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 340 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Rollins by 75.8% in the 1st 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 during the period. Finally, National Pension Service raised its holdings in Rollins by 75.0% in the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after acquiring an additional 462 shares during the period. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

NYSE ROL opened at $58.74 on Friday. 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 firm has a market capitalization of $28.47 billion, a price-to-earnings ratio of 58.16 and a beta of 0.69. The company’s fifty day moving average is $57.27 and its two-hundred day moving average is $56.25. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.12.

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

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, August 11th. Rollins’s dividend payout ratio (DPR) is currently 65.35%.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the firm’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the sale, the chairman directly owned 632,727 shares in the company, valued at $36,723,475.08. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ROL shares. Zacks Research downgraded shares of Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rollins in a report on Saturday, September 27th. Wells Fargo & Company reiterated an “overweight” rating and issued a $65.00 target price (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Piper Sandler lifted their target price on shares of Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Argus started coverage on shares of Rollins in a report on Wednesday, June 18th. They issued a “buy” rating and a $68.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.