Wellington Management Group LLP Grows Position in Rollins, Inc. $ROL

Wellington Management Group LLP increased its position in Rollins, Inc. (NYSE:ROL) by 44.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,917,984 shares of the business services provider’s stock after purchasing an additional 894,731 shares during the period. Wellington Management Group LLP’s holdings in Rollins were worth $157,659,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. City Holding Co. bought a new stake in Rollins in the 1st quarter worth $27,000. GW&K Investment Management LLC grew its stake 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 purchasing an additional 548 shares during the last quarter. CVA Family Office LLC increased its holdings in 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 during the period. Colonial Trust Co SC increased its holdings in Rollins by 61.3% during the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 411 shares during the period. Finally, National Pension Service raised its position 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 during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ROL shares. UBS Group lifted 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. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the company a “buy” rating in a report on Thursday, April 24th. Piper Sandler upped their price objective on shares of Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $65.00 target price (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Finally, Canaccord Genuity Group lifted their target price on shares of Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, April 25th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.40.

Insider Activity

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the firm’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the sale, the chairman directly owned 662,727 shares in the company, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.47% of the stock is currently owned by corporate insiders.

Rollins Stock Performance

Shares of Rollins stock opened at $58.4330 on Thursday. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.10. The firm has a market capitalization of $28.32 billion, a P/E ratio of 57.86 and a beta of 0.69. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $56.81 and a two-hundred day simple moving average of $54.94.

Rollins (NYSE:ROL) last posted its quarterly earnings data 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 net margin of 13.70% and a return on equity of 36.96%. The business had revenue of $999.53 million for the quarter, compared to analyst estimates of $988.77 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Rollins’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal 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 dividend of $0.165 per share. The ex-dividend date is Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. Rollins’s dividend payout ratio (DPR) is presently 65.35%.

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.