Heritage Family Offices LLP buys 8,342 shares of Rollins, Inc. (NYSE:ROL)

VaselineSeptember 3, 2024

0 4 minutes read

Heritage Family Offices LLP purchased a new position in Rollins, Inc. (NYSE:ROL – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,342 shares of the business services provider’s stock, valued at approximately $407,000.

A number of other hedge funds have also made changes to their positions in the business. Spire Wealth Management grew its position in Rollins by 139.7% during the 4th quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock worth $33,000 after acquiring an additional 440 shares in the the last quarter. Ridgewood Investments LLC acquired a new position in shares of Rollins in the second quarter valued at $34,000. Principal Securities Inc. acquired a new position in shares of Rollins in the fourth quarter valued at $36,000. Quent Capital LLC grew 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 valued at $38,000 after buying an additional 236 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Rollins by 10,233.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock worth $45,000 after buying an additional 921 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s shares.

Insiders place their bets

In other news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $47.20, for a total transaction of $566,400.00. Following the completion of the transaction, the chief executive officer now directly owns 288,671 shares of the company’s stock, valued at $13,625,271.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $47.20, for a total transaction of $566,400.00. Following the completion of the transaction, the chief executive officer now directly owns 288,671 shares in the company, valued at approximately $13,625,271.20. The sale was disclosed in a filing with the SEC, which is available at this link. 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 value of $224,084.52. Following the completion of the sale, the insider now directly owns 95,023 shares in the company, valued at $4,543,999.86. The disclosure for this sale can be found here. Insiders sold 20,017 shares of company stock worth $948,707 in the last quarter. Insiders own 4.69% of the company’s shares.

The Wall Street analyst weighs in

Want more great investment ideas?

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

Get the latest analysis on Rollins

Rollins Trading Up 0.2%

NYSE:ROL opened at $50.18 on Tuesday. Rollins, Inc. it has a 52-week low of $32.19 and a 52-week high of $50.87. The company has a quick ratio of 0.72, a current ratio of 0.78, and a debt-to-equity ratio of 0.41. The company has a market cap of $24.30 billion, a PE ratio of 56.38, a P/E/G ratio of 3.94 and a beta of 0.70. The company’s 50-day moving average is $49.02, and its two-hundred-day moving average is $46.78.

Rollins (NYSE:ROL – Get Free Report ) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $891.90 million during the quarter, compared to the consensus estimate of $895.02 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The company’s revenue increased by 8.7% year-on-year. In the same quarter last year, the company posted earnings of $0.23 per share. On average, analysts predict that Rollins, Inc. will show 1 EPS for the current year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, August 12. This represents an annualized dividend of $0.60 and a yield of 1.20%. Rollins’s dividend payout ratio (DPR) is 67.42%.

About Rollins

(Free report)

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers throughout the United States and internationally. The company offers residential property pest control services that protect against common pests, including rodents, insects and wildlife.