Archer Investment Corp Takes $253,000 Position in Rollins, Inc. $ROL
Archer Investment Corp acquired 4,485 shares of Rollins, Inc. valued at $253,000 in Q2. Other major investors like AMF Tjanstepension AB and Westfield Capital Management also increased their stakes significantly. Rollins' stock is trading up 1.2%, with a market cap of $29.25 billion. The company reported strong quarterly earnings and increased its dividend. Analysts have mixed ratings, with some maintaining a 'buy' and others a 'hold' on the stock.
Archer Investment Corp acquired a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,485 shares of the business services provider's stock, valued at approximately $253,000.
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Other large investors also recently made changes to their positions in the company. AMF Tjanstepension AB grew its stake in Rollins by 196.2% in the second quarter. AMF Tjanstepension AB now owns 3,542,898 shares of the business services provider's stock valued at $199,937,000 after purchasing an additional 2,346,592 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Rollins by 1,923.1% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,878,134 shares of the business services provider's stock valued at $105,964,000 after buying an additional 1,785,300 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Rollins in the 1st quarter valued at approximately $59,073,000. Nuveen LLC bought a new stake in shares of Rollins in the 1st quarter valued at approximately $54,685,000. Finally, Vanguard Group Inc. increased its holdings in Rollins by 3.0% in the first quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider's stock worth $1,876,815,000 after buying an additional 999,797 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.
Insider Activity
In related news, insider Thomas D. Tesh sold 2,395 shares of the business's stock in a transaction on Friday, November 14th. The shares were sold at an average price of $57.77, for a total transaction of $138,359.15. Following the transaction, the insider owned 34,732 shares of the company's stock, valued at approximately $2,006,467.64. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.47% of the company's stock.
Rollins Trading Up 1.2%
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Shares of NYSE:ROL opened at $60.35 on Friday. The company has a market cap of $29.25 billion, a P/E ratio of 56.40 and a beta of 0.72. The stock's 50-day moving average is $57.36 and its 200-day moving average is $57.04. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $60.62. 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 (NYSE:ROL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Rollins had a return on equity of 38.66% and a net margin of 14.02%.The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same quarter in the previous year, the firm earned $0.29 EPS. The firm's revenue was up 12.0% compared to the same quarter last year. Equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.
Rollins Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be given a $0.1825 dividend. This is a positive change from Rollins's previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 10th. Rollins's dividend payout ratio (DPR) is currently 68.22%.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. The Goldman Sachs Group reissued a "buy" rating and issued a $64.00 target price on shares of Rollins in a research report on Thursday, October 30th. Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Canaccord Genuity Group set a $55.00 target price on shares of Rollins and gave the stock a "hold" rating in a research report on Friday, October 31st. Barclays raised their target price on Rollins from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Finally, Piper Sandler upped their price target on Rollins from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $63.42.
View Our Latest Research Report on ROL
Rollins Company 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.
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