Seven Eight Capital LP Trims Stock Holdings in Rollins, Inc. (NYSE:ROL)

Seven Eight Capital LP reduced its holdings in shares of Rollins, Inc. (NYSE:ROL) by 31.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,592 shares of the business services provider’s stock after selling 5,349 shares during the quarter. Seven Eight Capital LP’s holdings in Rollins were worth $566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. QRG Capital Management Inc. lifted its position in shares of 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 acquiring an additional 203 shares in the last quarter. Czech National Bank lifted its holdings in Rollins by 0.5% during the 1st quarter. Czech National Bank now owns 49,396 shares of the business services provider’s stock worth $2,286,000 after purchasing an additional 226 shares in the last quarter. Quent Capital LLC boosted its stake 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 period. Federated Hermes Inc. grew its holdings 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 buying an additional 249 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in shares of 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 buying an additional 269 shares during the period. 51.79% of the stock is owned by institutional investors.

Insider Activity at Rollins

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 stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the completion of the sale, the insider now owns 95,023 shares in the company, valued at approximately $4,543,999.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the company’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 transaction, the insider now owns 89,338 shares in the company, valued at approximately $4,533,010.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $47.82, for a total transaction of $224,084.52. Following the completion of the transaction, the insider now owns 95,023 shares of the company’s stock, valued at $4,543,999.86. The disclosure for this sale can be found here. 4.69% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ROL. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Finally, Wells Fargo & Company began coverage on Rollins in a research report on Monday, August 12th. They set an “overweight” rating and a $54.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.83.

Rollins Stock Up 0.1 %

ROL opened at $50.15 on Friday. The business’s 50-day moving average price is $49.24 and its 200-day moving average price is $47.50. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $51.96. The company has a market cap of $24.28 billion, a P/E ratio of 56.35, a P/E/G ratio of 3.99 and a beta of 0.70.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $891.90 million during the quarter, compared to analyst estimates of $895.02 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS. On average, equities analysts expect that Rollins, Inc. will post 1 EPS for the current year.

Rollins Announces Dividend

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

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.