Axxcess Wealth Management LLC Purchases 563 Shares of Rollins, Inc. (NYSE:ROL)

Axxcess Wealth Management LLC grew its holdings in shares of Rollins, Inc. (NYSE:ROL) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,045 shares of the business services provider’s stock after buying an additional 563 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Rollins were worth $1,222,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC purchased a new stake in Rollins during the second quarter valued at approximately $33,000. Ridgewood Investments LLC purchased a new position in Rollins in the 2nd quarter worth about $34,000. Principal Securities Inc. bought a new stake in Rollins during the 4th quarter valued at about $36,000. Quent Capital LLC boosted its position in Rollins by 43.9% in 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 during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Rollins by 10,233.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock worth $45,000 after acquiring an additional 921 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in 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 began coverage on Rollins in a research report on Monday, August 12th. They set an “overweight” rating and a $54.00 target price for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Rollins has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

Rollins Trading Down 2.2 %

Shares of NYSE:ROL opened at $50.25 on Thursday. 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 current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. Rollins, Inc. has a 12-month low of $32.19 and a 12-month high of $51.96. The business’s fifty day simple moving average is $49.21 and its 200-day simple moving average is $47.42.

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

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th were paid a $0.15 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.60 annualized dividend and a yield of 1.19%. Rollins’s dividend payout ratio (DPR) is 67.42%.

Insiders Place Their Bets

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the sale, the insider now owns 89,338 shares in the company, valued at approximately $4,533,010.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of the business’s 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 sale, the insider now owns 95,023 shares of the company’s stock, valued at approximately $4,543,999.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the transaction, the insider now directly owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The disclosure for this sale can be found here. Corporate insiders own 4.69% of the company’s stock.

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.