LVM Capital Management Ltd. MI Acquires New Stake in Rollins, Inc. $ROL

by · The Markets Daily

LVM Capital Management Ltd. MI bought a new stake in shares of Rollins, Inc. (NYSE:ROLFree Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,380 shares of the business services provider’s stock, valued at approximately $529,000.

Several other institutional investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC lifted its position in shares of Rollins by 144.3% during the second quarter. Harbor Investment Advisory LLC now owns 5,401 shares of the business services provider’s stock worth $305,000 after purchasing an additional 3,190 shares in the last quarter. Kera Capital Partners Inc. lifted its holdings in Rollins by 12.8% during the 2nd quarter. Kera Capital Partners Inc. now owns 4,631 shares of the business services provider’s stock worth $261,000 after buying an additional 526 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new position in Rollins in the 1st quarter valued at approximately $691,000. Apeiron RIA LLC acquired a new position in shares of Rollins in the first quarter worth $503,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Rollins by 75.8% during the first 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. 51.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Rollins Stock Down 1.4%

Rollins stock opened at $57.43 on Friday. The company has a market capitalization of $27.83 billion, a P/E ratio of 56.86 and a beta of 0.69. 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, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $59.10. The stock has a 50-day simple moving average of $56.97 and a 200-day simple moving average of $55.69.

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

Rollins Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Argus assumed coverage on Rollins in a report on Wednesday, June 18th. They issued a “buy” rating and a $68.00 target price for the company. UBS Group lifted their price objective on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Jefferies Financial Group upgraded shares of Rollins from a “hold” rating to a “buy” rating and upped their target price for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. Piper Sandler lifted their price target 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. Finally, Zacks Research cut shares of Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.40.

Read Our Latest Report on ROL

Rollins Profile

(Free Report)

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.

Further Reading

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