Rollins, Inc. (NYSE:ROL) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its stake in Rollins, Inc. (NYSE:ROL) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,297 shares of the business services provider’s stock after selling 10,545 shares during the period. Ensign Peak Advisors Inc’s holdings in Rollins were worth $10,358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quest Partners LLC acquired a new stake in Rollins during the 2nd quarter worth $33,000. Ridgewood Investments LLC acquired a new stake in shares of Rollins in the 2nd quarter valued at about $34,000. Quent Capital LLC grew its stake in Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after buying an additional 236 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Rollins by 10,233.3% during 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 during the period. Finally, Blue Trust Inc. lifted its stake in Rollins by 114.2% in the second quarter. Blue Trust Inc. now owns 1,604 shares of the business services provider’s stock valued at $74,000 after buying an additional 855 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Wells Fargo & Company initiated coverage on shares of Rollins in a report on Monday, August 12th. They issued an “overweight” rating and a $54.00 target price for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and an average target price of $47.83.

Rollins Trading Up 0.5 %

Shares of Rollins stock opened at $50.73 on Wednesday. The firm has a market cap of $24.56 billion, a price-to-earnings ratio of 57.00, a price-to-earnings-growth ratio of 3.99 and a beta of 0.70. Rollins, Inc. has a 52-week low of $32.19 and a 52-week high of $51.96. The company’s 50-day simple moving average is $49.31 and its 200-day simple moving average is $47.59. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.41.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. The firm had revenue of $891.90 million for the quarter, compared to the consensus estimate 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 previous year, the business earned $0.23 earnings per share. As a group, equities research analysts anticipate that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, August 12th. Rollins’s dividend payout ratio (DPR) is 67.42%.

Insider Buying and Selling

In other news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction that occurred on Thursday, August 1st. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the sale, the insider now directly owns 89,338 shares in the company, valued at approximately $4,533,010.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Elizabeth B. Chandler sold 4,686 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $47.82, for a total transaction of $224,084.52. Following the transaction, the insider now owns 95,023 shares of the company’s stock, valued at $4,543,999.86. The disclosure for this sale can be found here. 4.69% of the stock is owned by insiders.

About Rollins

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.