Rollins, Inc. (NYSE:ROL) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Rollins, Inc. (NYSE:ROL) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,205,719 shares of the business services provider’s stock after purchasing an additional 18,605 shares during the period. Envestnet Asset Management Inc. owned about 0.25% of Rollins worth $58,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. QRG Capital Management Inc. raised its position in Rollins by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 203 shares in the last quarter. Czech National Bank raised its position in Rollins by 0.5% in the 1st quarter. Czech National Bank now owns 49,396 shares of the business services provider’s stock valued at $2,286,000 after purchasing an additional 226 shares in the last quarter. Quent Capital LLC raised its position in shares of 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 acquiring an additional 236 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Rollins by 16.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock worth $86,000 after acquiring an additional 249 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its position in shares of Rollins by 18.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,728 shares of the business services provider’s stock worth $84,000 after acquiring an additional 269 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Trading Down 2.2 %

NYSE:ROL opened at $50.25 on Thursday. The stock’s 50 day moving average price is $49.21 and its 200 day moving average price is $47.42. The company has a market capitalization of $24.33 billion, a PE ratio of 56.46, a P/E/G ratio of 3.93 and a beta of 0.70. 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, Inc. has a 52-week low of $32.19 and a 52-week high of $51.96.

Rollins (NYSE:ROL) last released its quarterly earnings results 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 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 firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. On average, research analysts anticipate that Rollins, Inc. will post 1 EPS for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 12th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, August 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.19%. Rollins’s dividend payout ratio is presently 67.42%.

Insider Buying and Selling at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the transaction, 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 the SEC website. In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the transaction, 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 the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 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.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Wells Fargo & Company assumed coverage on Rollins in a research report on Monday, August 12th. They set an “overweight” rating and a $54.00 target price on the stock. Finally, StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and five have given 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 price target of $47.83.

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.