UniSuper Management Pty Ltd Lowers Stock Position in Rollins, Inc. $ROL

UniSuper Management Pty Ltd cut its holdings in shares of Rollins, Inc. (NYSE:ROL) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,390 shares of the business services provider’s stock after selling 767 shares during the period. UniSuper Management Pty Ltd’s holdings in Rollins were worth $2,290,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Rollins by 3.0% during the first quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider’s stock worth $1,876,815,000 after acquiring an additional 999,797 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew 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 grew its position 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 position 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 buying an additional 98,607 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Rollins by 2.2% in the 1st 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 buying an additional 49,871 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROL. UBS Group lifted their price objective on shares of Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Argus began coverage on shares of Rollins in a research report on Wednesday, June 18th. They issued a “buy” rating and a $68.00 price objective on the stock. Zacks Research lowered shares of Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Barclays lifted their price objective on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Finally, Piper Sandler lifted their price objective on shares of Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Rollins has an average rating of “Moderate Buy” and a consensus target price of $61.40.

Rollins Price Performance

Shares of NYSE ROL opened at $56.40 on Thursday. The firm has a market capitalization of $27.33 billion, a P/E ratio of 55.84 and a beta of 0.69. Rollins, Inc. has a one year low of $45.34 and a one year high of $59.10. The company’s fifty day moving average is $56.91 and its two-hundred day moving average is $55.61. 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 (NYSE:ROL) last issued its 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. 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 revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. Analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, August 11th. Rollins’s payout ratio is 65.35%.

Insider Activity

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

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.