Kayne Anderson Rudnick Investment Management LLC Has $489.04 Million Stock Holdings in Rollins, Inc. (NYSE:ROL)

Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,023,281 shares of the business services provider’s stock after purchasing an additional 148,316 shares during the quarter. Rollins makes up about 1.2% of Kayne Anderson Rudnick Investment Management LLC’s holdings, making the stock its 22nd biggest position. Kayne Anderson Rudnick Investment Management LLC owned approximately 2.07% of Rollins worth $489,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ROL. QRG Capital Management Inc. increased its position in Rollins by 4.7% during the second quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock worth $222,000 after buying an additional 203 shares during the last quarter. Czech National Bank raised its stake in shares of Rollins by 0.5% in the 1st quarter. Czech National Bank now owns 49,396 shares of the business services provider’s stock valued at $2,286,000 after acquiring an additional 226 shares in the last quarter. Quent Capital LLC lifted its holdings in Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after purchasing an additional 236 shares during the last quarter. Federated Hermes Inc. boosted its position in Rollins by 16.4% during the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock worth $86,000 after purchasing an additional 249 shares during the period. Finally, Tortoise Investment Management LLC grew its holdings in Rollins by 18.4% during the second quarter. Tortoise Investment Management LLC now owns 1,728 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 269 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

Shares of Rollins stock opened at $50.15 on Friday. 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 company has a market cap of $24.28 billion, a PE ratio of 56.35, a price-to-earnings-growth ratio of 3.99 and a beta of 0.70. The firm has a fifty day moving average price of $49.24 and a two-hundred day moving average price of $47.48. Rollins, Inc. has a fifty-two week low of $32.19 and a fifty-two week high of $51.96.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The business had revenue of $891.90 million during the quarter, compared to analysts’ expectations of $895.02 million. During the same quarter last year, the company earned $0.23 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. Analysts expect that Rollins, Inc. will post 1 EPS for the current year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, August 12th. Rollins’s payout ratio is presently 67.42%.

Wall Street Analyst Weigh In

ROL has been the subject of several recent analyst reports. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Wells Fargo & Company assumed coverage on shares of Rollins in a report on Monday, August 12th. They set an “overweight” rating and a $54.00 price target for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.83.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 4,686 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the completion of the transaction, the insider now directly owns 95,023 shares of the company’s stock, valued at $4,543,999.86. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the sale, the insider now owns 95,023 shares of the company’s stock, valued at $4,543,999.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the transaction, 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. 4.69% of the stock is currently owned by company insiders.

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.