Rollins, Inc. (NYSE:ROL) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its position in shares of Rollins, Inc. (NYSE:ROL) by 5.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,193,277 shares of the business services provider’s stock after purchasing an additional 56,897 shares during the period. Raymond James & Associates owned about 0.25% of Rollins worth $55,213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROL. IFM Investors Pty Ltd grew its holdings in shares of Rollins by 4.7% during the first quarter. IFM Investors Pty Ltd now owns 55,474 shares of the business services provider’s stock worth $2,567,000 after buying an additional 2,491 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in Rollins by 7.3% in the 1st quarter. First Trust Direct Indexing L.P. now owns 7,451 shares of the business services provider’s stock valued at $345,000 after purchasing an additional 510 shares in the last quarter. Dudley & Shanley Inc. boosted its holdings in Rollins by 1.6% in the 1st quarter. Dudley & Shanley Inc. now owns 443,135 shares of the business services provider’s stock valued at $20,504,000 after purchasing an additional 6,950 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in Rollins by 36.8% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 46,555 shares of the business services provider’s stock valued at $2,154,000 after purchasing an additional 12,526 shares in the last quarter. Finally, Thrive Wealth Management LLC purchased a new stake in Rollins in the 1st quarter valued at approximately $231,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

Shares of Rollins stock traded up $1.38 during trading on Friday, hitting $46.12. 1,947,294 shares of the company were exchanged, compared to its average volume of 2,000,080. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. Rollins, Inc. has a fifty-two week low of $32.19 and a fifty-two week high of $47.45. The stock has a market capitalization of $22.33 billion, a price-to-earnings ratio of 51.82, a P/E/G ratio of 3.42 and a beta of 0.65. The firm has a 50 day moving average price of $44.88 and a 200 day moving average price of $42.46.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $748.35 million during the quarter, compared to the consensus estimate of $739.12 million. Rollins had a return on equity of 37.73% and a net margin of 13.94%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. On average, equities analysts expect that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. Rollins’s payout ratio is 67.42%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a report on Thursday, February 15th. Morgan Stanley lifted their price objective on Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, UBS Group reissued a “neutral” rating and set a $49.00 price target on shares of Rollins in a research note on Monday, April 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Insider Transactions at Rollins

In other news, insider Elizabeth B. Chandler sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $41.05, for a total transaction of $410,500.00. Following the completion of the sale, the insider now directly owns 99,709 shares in the company, valued at approximately $4,093,054.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Elizabeth B. Chandler sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total transaction of $410,500.00. Following the completion of the sale, the insider now directly owns 99,709 shares of the company’s stock, valued at approximately $4,093,054.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kenneth D. Krause sold 5,000 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the sale, the chief financial officer now directly owns 94,078 shares of the company’s stock, valued at $4,233,510. The disclosure for this sale can be found here. Insiders sold a total of 27,824 shares of company stock worth $1,219,558 in the last ninety days. Insiders own 4.69% of the company’s stock.

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.