&Partners Buys Shares of 20,407 Rollins, Inc. (NYSE:ROL)

&Partners bought a new stake in Rollins, Inc. (NYSE:ROL) during the second quarter, HoldingsChannel.com reports. The firm bought 20,407 shares of the business services provider’s stock, valued at approximately $996,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROL. Lindbrook Capital LLC grew its holdings in shares of Rollins by 72.4% during the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock worth $27,000 after purchasing an additional 260 shares during the last quarter. Spire Wealth Management grew its holdings in shares of Rollins by 139.7% during the fourth quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock worth $33,000 after purchasing an additional 440 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Rollins during the fourth quarter worth about $36,000. Quent Capital LLC grew its holdings in shares of Rollins by 43.9% during the second 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 last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Rollins by 114.2% during the second quarter. Blue Trust Inc. now owns 1,604 shares of the business services provider’s stock worth $74,000 after purchasing an additional 855 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Elizabeth B. Chandler sold 4,686 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 95,023 shares of the company’s stock, valued at approximately $4,543,999.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Elizabeth B. Chandler sold 4,686 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 95,023 shares of the company’s stock, valued at approximately $4,543,999.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Kenneth D. Krause sold 3,331 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total value of $158,222.50. Following the sale, the chief financial officer now directly owns 90,747 shares of the company’s stock, valued at $4,310,482.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,017 shares of company stock worth $948,707. 4.69% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ROL shares. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Rollins in a report on Thursday, July 25th. Wells Fargo & Company assumed coverage on Rollins in a research note on Monday, August 12th. They issued an “overweight” rating and a $54.00 price objective on the stock. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Finally, Morgan Stanley upped their target price on Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.83.

Rollins Stock Down 0.2 %

Shares of NYSE:ROL traded down $0.12 during trading on Friday, reaching $50.13. 178,635 shares of the stock were exchanged, compared to its average volume of 1,766,972. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.78 and a quick ratio of 0.72. Rollins, Inc. has a 1-year low of $32.19 and a 1-year high of $50.87. The stock has a fifty day moving average of $48.93 and a two-hundred day moving average of $46.42. The firm has a market cap of $24.28 billion, a price-to-earnings ratio of 56.46, a price-to-earnings-growth ratio of 3.78 and a beta of 0.70.

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

Rollins Announces Dividend

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