7,922 Shares in Rollins, Inc. $ROL Bought by Bayforest Capital Ltd

Bayforest Capital Ltd purchased a new position in shares of Rollins, Inc. (NYSE:ROL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,922 shares of the business services provider’s stock, valued at approximately $428,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Rollins by 3.0% in the first quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider’s stock valued at $1,876,815,000 after buying an additional 999,797 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Rollins by 0.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,243,636 shares of the business services provider’s stock valued at $553,464,000 after buying an additional 38,503 shares during the last quarter. Wellington Management Group LLP increased its stake in Rollins by 44.2% in the 1st quarter. Wellington Management Group LLP now owns 2,917,984 shares of the business services provider’s stock valued at $157,659,000 after buying an additional 894,731 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Rollins by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,940 shares of the business services provider’s stock valued at $141,424,000 after purchasing an additional 98,607 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Rollins by 2.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,301,146 shares of the business services provider’s stock valued at $124,331,000 after acquiring an additional 49,871 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Performance

NYSE:ROL opened at $57.29 on Wednesday. The stock has a 50-day simple moving average of $56.90 and a two-hundred day simple moving average of $55.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. The firm has a market capitalization of $27.76 billion, a PE ratio of 56.72 and a beta of 0.69. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.10.

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

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be issued a $0.165 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. Rollins’s dividend payout ratio is presently 65.35%.

Analyst Upgrades and Downgrades

ROL has been the subject of several recent research reports. 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 research note on Friday, July 25th. Jefferies Financial Group raised shares of Rollins from a “hold” rating to a “buy” rating and boosted their target price for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Argus assumed coverage on Rollins in a report on Wednesday, June 18th. They issued a “buy” rating and a $68.00 price target for the company. UBS Group increased their price objective on Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Finally, Barclays lifted their price objective on shares of Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, July 25th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.40.

Insiders Place Their Bets

In related news, Chairman John F. Wilson sold 30,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chairman directly owned 632,727 shares of the company’s stock, valued at $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.47% of the stock is owned by insiders.

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.