Suncoast Equity Management Increases Stake in Rollins, Inc. $ROL

Suncoast Equity Management raised its position in Rollins, Inc. (NYSE:ROL) by 2.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 76,965 shares of the business services provider’s stock after purchasing an additional 1,765 shares during the period. Rollins accounts for approximately 0.4% of Suncoast Equity Management’s portfolio, making the stock its 27th biggest holding. Suncoast Equity Management’s holdings in Rollins were worth $4,342,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ROL. Personal CFO Solutions LLC acquired a new stake in shares of Rollins during the 1st quarter worth about $211,000. DekaBank Deutsche Girozentrale lifted its stake in Rollins by 3.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 368,521 shares of the business services provider’s stock worth $19,344,000 after purchasing an additional 11,821 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in Rollins by 1.5% during the first quarter. Linden Thomas Advisory Services LLC now owns 31,389 shares of the business services provider’s stock worth $1,696,000 after purchasing an additional 463 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Rollins by 1.5% in the first quarter. Nisa Investment Advisors LLC now owns 58,382 shares of the business services provider’s stock valued at $3,154,000 after buying an additional 876 shares during the last quarter. Finally, Bridges Investment Management Inc. raised its stake in shares of Rollins by 0.8% during the first quarter. Bridges Investment Management Inc. now owns 263,215 shares of the business services provider’s stock worth $14,222,000 after purchasing an additional 2,191 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Up 0.2%

ROL opened at $59.71 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The firm has a market cap of $28.94 billion, a P/E ratio of 55.80 and a beta of 0.72. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $60.35. The business’s fifty day simple moving average is $56.91 and its 200 day simple moving average is $56.82.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Rollins had a return on equity of 38.66% and a net margin of 14.02%.The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 earnings per share. As a group, equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a $0.1825 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio is 68.22%.

Analyst Ratings Changes

ROL has been the subject of several analyst reports. UBS Group upped their price target on Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Canaccord Genuity Group set a $55.00 price objective on shares of Rollins and gave the company a “hold” rating in a research note on Friday, October 31st. Wells Fargo & Company set a $63.00 price objective on shares of Rollins and gave the company an “overweight” rating in a research note on Tuesday, October 28th. The Goldman Sachs Group reissued a “buy” rating and issued a $64.00 price objective on shares of Rollins in a research note on Thursday, October 30th. Finally, Piper Sandler increased their price objective on Rollins from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rollins presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.82.

Rollins Company 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.