Zurcher Kantonalbank Zurich Cantonalbank Purchases 4,886 Shares of Rollins, Inc. (NYSE:ROL)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Rollins, Inc. (NYSE:ROL) by 10.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,439 shares of the business services provider’s stock after acquiring an additional 4,886 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Rollins were worth $2,246,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Operose Advisors LLC bought a new stake in shares of Rollins during the 3rd quarter valued at about $47,000. First Horizon Advisors Inc. boosted its holdings in shares of Rollins by 224.5% in the third quarter. First Horizon Advisors Inc. now owns 1,603 shares of the business services provider’s stock worth $60,000 after buying an additional 1,109 shares during the last quarter. Blue Trust Inc. grew its position in Rollins by 65.9% during the fourth quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock valued at $63,000 after buying an additional 577 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Rollins during the third quarter valued at approximately $75,000. Finally, UniSuper Management Pty Ltd raised its position in Rollins by 43.8% in the third quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the business services provider’s stock worth $86,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling at Rollins

In other news, insider Traci Hornfeck sold 2,677 shares of Rollins stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $43.48, for a total value of $116,395.96. Following the sale, the insider now directly owns 14,376 shares of the company’s stock, valued at $625,068.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Elizabeth B. Chandler sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $41.05, for a total transaction of $410,500.00. Following the completion of the transaction, the insider now directly owns 99,709 shares in the company, valued at approximately $4,093,054.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Traci Hornfeck sold 2,677 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $43.48, for a total transaction of $116,395.96. Following the completion of the transaction, the insider now directly owns 14,376 shares of the company’s stock, valued at $625,068.48. The disclosure for this sale can be found here. Insiders sold 22,824 shares of company stock valued at $994,558 in the last 90 days. Insiders own 4.69% of the company’s stock.

Rollins Price Performance

Shares of Rollins stock opened at $42.65 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $47.45. The stock’s 50-day simple moving average is $44.44 and its 200-day simple moving average is $42.03. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 48.47, a PEG ratio of 3.35 and a beta of 0.63.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $754.10 million during the quarter, compared to the consensus estimate of $753.40 million. Rollins had a return on equity of 35.97% and a net margin of 14.15%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. As a group, analysts expect that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.41%. Rollins’s payout ratio is currently 68.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th. The Goldman Sachs Group started coverage on Rollins in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research report on Thursday, February 15th. Finally, UBS Group reissued a “neutral” rating and issued a $49.00 target price on shares of Rollins in a report on Monday, April 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Rollins has an average rating of “Moderate Buy” and an average target price of $46.83.

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.