Rollins, Inc. (NYSE:ROL) Shares Sold by Tredje AP fonden

Tredje AP fonden cut its position in Rollins, Inc. (NYSE:ROL) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,020 shares of the business services provider’s stock after selling 284 shares during the quarter. Tredje AP fonden’s holdings in Rollins were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Alliance boosted its holdings in Rollins by 5.0% in the second quarter. Wealth Alliance now owns 8,527 shares of the business services provider’s stock worth $416,000 after purchasing an additional 409 shares during the period. Axxcess Wealth Management LLC increased its position in Rollins by 2.3% in the 2nd quarter. Axxcess Wealth Management LLC now owns 25,045 shares of the business services provider’s stock valued at $1,222,000 after acquiring an additional 563 shares during the period. Virtu Financial LLC raised its stake in shares of Rollins by 113.4% during the second quarter. Virtu Financial LLC now owns 23,332 shares of the business services provider’s stock valued at $1,138,000 after purchasing an additional 12,396 shares in the last quarter. Sargent Investment Group LLC bought a new stake in Rollins during the second quarter worth approximately $326,000. Finally, Lmcg Investments LLC boosted its stake in Rollins by 4.8% during the second quarter. Lmcg Investments LLC now owns 142,781 shares of the business services provider’s stock valued at $6,966,000 after buying an additional 6,597 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Rollins Trading Up 0.1 %

NYSE ROL opened at $50.15 on Friday. 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 one year low of $32.19 and a one year high of $51.96. The stock’s 50-day moving average is $49.24 and its 200-day moving average is $47.48. The firm has a market cap of $24.28 billion, a P/E ratio of 56.35, a P/E/G ratio of 3.99 and a beta of 0.70.

Rollins (NYSE:ROL) last posted 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. The firm had revenue of $891.90 million for the quarter, compared to analyst estimates of $895.02 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share. Sell-side analysts anticipate that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 12th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Monday, August 12th. Rollins’s dividend payout ratio is currently 67.42%.

Insider Buying and Selling at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at $4,533,010.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction 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 $4,543,999.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the insider now owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.

Rollins 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.