Royal London Asset Management Ltd. Buys 10,984 Shares of Rollins, Inc. (NYSE:ROL)

Royal London Asset Management Ltd. increased its stake in Rollins, Inc. (NYSE:ROLFree Report) by 12.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,359 shares of the business services provider’s stock after buying an additional 10,984 shares during the period. Royal London Asset Management Ltd.’s holdings in Rollins were worth $4,295,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Lindbrook Capital LLC raised its stake in Rollins by 72.4% in the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock worth $27,000 after buying an additional 260 shares in the last quarter. Spire Wealth Management grew its holdings in Rollins by 139.7% in the fourth quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock worth $33,000 after purchasing an additional 440 shares during the period. Principal Securities Inc. purchased a new stake in Rollins in the fourth quarter worth about $36,000. Operose Advisors LLC purchased a new stake in Rollins in the third quarter worth about $47,000. Finally, Blue Trust Inc. grew its holdings in Rollins by 65.9% in the fourth quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock worth $63,000 after purchasing an additional 577 shares during the period. 51.79% of the stock is owned by institutional investors.

Rollins Trading Down 1.8 %

NYSE:ROL opened at $46.57 on Monday. The company’s 50 day moving average price is $45.41 and its 200-day moving average price is $44.13. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $47.69. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The stock has a market cap of $22.55 billion, a price-to-earnings ratio of 52.33, a PEG ratio of 3.55 and a beta of 0.66.

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

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. Rollins’s dividend payout ratio (DPR) is 67.42%.

Insider Activity at Rollins

In related news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $47.20, for a total transaction of $566,400.00. Following 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 legal filing with the SEC, which can be accessed through the SEC website. In other Rollins news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $47.20, for a total value of $566,400.00. Following the transaction, the chief executive officer now directly owns 288,671 shares in the company, valued at $13,625,271.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas D. Tesh sold 5,147 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $46.00, for a total transaction of $236,762.00. Following the completion of the transaction, the insider now owns 35,387 shares in the company, valued at $1,627,802. The disclosure for this sale can be found here. Insiders have sold a total of 30,478 shares of company stock worth $1,417,285 over the last quarter. Company insiders own 4.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ROL shares. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Morgan Stanley upped their price objective on shares of Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a report on Thursday, February 15th. Finally, UBS Group reiterated a “neutral” rating and set a $49.00 price target on shares of Rollins in a report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Rollins currently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

View Our Latest Stock Report on ROL

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.

Featured Articles

Institutional Ownership by Quarter for Rollins (NYSE:ROL)

Receive News & Ratings for Rollins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rollins and related companies with MarketBeat.com's FREE daily email newsletter.