Thoroughbred Financial Services LLC Invests $611,000 in Rollins, Inc. (NYSE:ROL)

Thoroughbred Financial Services LLC acquired a new position in Rollins, Inc. (NYSE:ROL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,540 shares of the business services provider’s stock, valued at approximately $611,000.

Other large investors also recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in Rollins by 16.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 249 shares in the last quarter. Forsta AP Fonden purchased a new stake in shares of Rollins in the second quarter valued at approximately $2,474,000. American Century Companies Inc. lifted its position in Rollins by 5.1% during the second quarter. American Century Companies Inc. now owns 171,858 shares of the business services provider’s stock worth $8,385,000 after buying an additional 8,404 shares in the last quarter. AdvisorShares Investments LLC boosted its stake in Rollins by 7.4% during the second quarter. AdvisorShares Investments LLC now owns 133,656 shares of the business services provider’s stock worth $6,458,000 after buying an additional 9,180 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Rollins by 9.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 31,260 shares of the business services provider’s stock valued at $1,525,000 after buying an additional 2,753 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Stock Performance

Shares of Rollins stock opened at $50.90 on Tuesday. The stock has a market capitalization of $24.65 billion, a price-to-earnings ratio of 57.19, a price-to-earnings-growth ratio of 3.93 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.78 and a quick ratio of 0.72. The business has a 50-day moving average of $49.16 and a 200 day moving average of $47.35. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $51.28.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The company had revenue of $891.90 million for the quarter, compared to analyst estimates of $895.02 million. During the same period in the prior year, the business earned $0.23 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Monday, August 12th. Rollins’s dividend payout ratio is currently 67.42%.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total transaction of $237,716.90. Following the sale, the insider now directly owns 89,338 shares in the company, valued at $4,533,010.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the transaction, the insider now directly owns 95,023 shares in the company, valued at $4,543,999.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the sale, the insider now owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The disclosure for this sale can be found here. Company insiders own 4.69% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ROL. Wells Fargo & Company initiated coverage on shares of Rollins in a research report on Monday, August 12th. They set an “overweight” rating and a $54.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Finally, StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $47.83.

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.