Wealth Alliance Acquires 409 Shares of Rollins, Inc. (NYSE:ROL)

Wealth Alliance increased its holdings in Rollins, Inc. (NYSE:ROL) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,527 shares of the business services provider’s stock after buying an additional 409 shares during the period. Wealth Alliance’s holdings in Rollins were worth $416,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ROL. Quest Partners LLC bought a new position in shares of Rollins in the second quarter worth $33,000. Ridgewood Investments LLC bought a new position in Rollins in the 2nd quarter worth about $34,000. Quent Capital LLC grew its holdings in Rollins by 43.9% during 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. Principal Securities Inc. bought a new stake in shares of Rollins during the fourth quarter valued at about $36,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Rollins by 10,233.3% in the second 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 in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on ROL. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Wells Fargo & Company started coverage on shares of Rollins in a report on Monday, August 12th. They issued an “overweight” rating and a $54.00 price target on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.83.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total transaction of $237,716.90. Following the transaction, the insider now owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, 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 transaction of $224,084.52. Following the completion of the sale, the insider now directly owns 95,023 shares in the company, valued at approximately $4,543,999.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the transaction, the insider now directly owns 89,338 shares in the company, valued at $4,533,010.12. The disclosure for this sale can be found here. Company insiders own 4.69% of the company’s stock.

Rollins Stock Performance

NYSE ROL opened at $50.09 on Friday. The company has a market capitalization of $24.26 billion, a P/E ratio of 56.28, a P/E/G ratio of 3.99 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78. Rollins, Inc. has a 52-week low of $32.19 and a 52-week high of $51.96. The company has a fifty day moving average of $49.22 and a 200-day moving average of $47.44.

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

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, August 12th. Rollins’s dividend payout ratio (DPR) is presently 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.