Conestoga Capital Advisors LLC Cuts Position in Rollins, Inc. $ROL

Conestoga Capital Advisors LLC decreased its position in Rollins, Inc. (NYSE:ROL) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,081,675 shares of the business services provider’s stock after selling 20,600 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Rollins were worth $61,028,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in Rollins in the second quarter valued at approximately $77,000. Oppenheimer & Co. Inc. purchased a new stake in Rollins in the first quarter valued at approximately $464,000. Gallacher Capital Management LLC purchased a new stake in Rollins in the second quarter valued at approximately $256,000. QRG Capital Management Inc. raised its position in Rollins by 7.0% in the second quarter. QRG Capital Management Inc. now owns 8,767 shares of the business services provider’s stock valued at $495,000 after purchasing an additional 572 shares during the period. Finally, Select Equity Group L.P. purchased a new stake in Rollins in the first quarter valued at approximately $27,398,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of ROL stock opened at $55.85 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average price of $57.05 and a 200 day moving average price of $56.51. The company has a market cap of $27.07 billion, a P/E ratio of 55.30 and a beta of 0.69. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.12.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Sell-side analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were paid a dividend of $0.165 per share. The ex-dividend date was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. Rollins’s payout ratio is presently 65.35%.

Insider Activity at Rollins

In related news, Chairman John F. Wilson sold 30,000 shares of the business’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the completion of the transaction, the chairman owned 632,727 shares in the company, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ROL shares. Barclays upped their price objective on Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. started coverage on Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective on the stock. UBS Group upped their price objective on Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Piper Sandler upped their price objective on Rollins from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a research report on Tuesday, October 14th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.18.

Rollins 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.