Rollins, Inc. (NYSE:ROL) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. decreased its position in shares of Rollins, Inc. (NYSE:ROLFree Report) by 96.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,000 shares of the business services provider’s stock after selling 220,150 shares during the quarter. 1832 Asset Management L.P.’s holdings in Rollins were worth $393,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROL. Lindbrook Capital LLC grew its stake in Rollins by 72.4% during the 4th quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock worth $27,000 after buying an additional 260 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of Rollins by 139.7% in the fourth quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 440 shares during the period. Principal Securities Inc. purchased a new position in shares of Rollins during the fourth quarter worth approximately $36,000. Operose Advisors LLC acquired a new position in shares of Rollins in the 3rd quarter valued at $47,000. Finally, Blue Trust Inc. raised its position in Rollins by 65.9% in the 4th quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 577 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

Rollins stock opened at $46.79 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 0.72. Rollins, Inc. has a one year low of $32.19 and a one year high of $47.69. The company has a market cap of $22.66 billion, a P/E ratio of 52.57, a price-to-earnings-growth ratio of 3.55 and a beta of 0.66. The business has a fifty day moving average of $45.44 and a two-hundred day moving average of $44.17.

Rollins (NYSE:ROLGet Free Report) last issued its earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The company had revenue of $748.35 million for the quarter, compared to analyst estimates of $739.12 million. During the same period in the prior year, the business posted $0.18 earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, analysts predict that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.60 annualized dividend and a yield of 1.28%. Rollins’s dividend payout ratio is presently 67.42%.

Analysts Set New Price Targets

ROL has been the topic of several research reports. UBS Group reissued a “neutral” rating and set a $49.00 price objective on shares of Rollins in a research report on Monday, April 15th. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Morgan Stanley lifted their target price on Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research note on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.00.

View Our Latest Research Report on Rollins

Insiders Place Their Bets

In other news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $47.20, for a total value of $566,400.00. Following the completion of the transaction, the chief executive officer now owns 288,671 shares in the company, valued at $13,625,271.20. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Kenneth D. Krause sold 3,331 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total value of $158,222.50. Following the sale, the chief financial officer now directly owns 90,747 shares in the company, valued at $4,310,482.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 12,000 shares of Rollins stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $47.20, for a total value of $566,400.00. Following the transaction, the chief executive officer now owns 288,671 shares of the company’s stock, valued at $13,625,271.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,331 shares of company stock worth $1,180,523. 4.69% of the stock is owned by corporate insiders.

Rollins Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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