Yousif Capital Management LLC Lowers Position in Rollins, Inc. (NYSE:ROL)

Yousif Capital Management LLC trimmed its position in Rollins, Inc. (NYSE:ROL) by 4.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,421 shares of the business services provider’s stock after selling 1,378 shares during the period. Yousif Capital Management LLC’s holdings in Rollins were worth $1,806,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Rollins by 9.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider’s stock valued at $1,353,000 after buying an additional 2,574 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Rollins by 169.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 1,672 shares during the period. Pallas Capital Advisors LLC bought a new stake in Rollins during the first quarter worth about $225,000. Proficio Capital Partners LLC purchased a new stake in Rollins in the fourth quarter worth about $4,943,000. Finally, Royal London Asset Management Ltd. increased its stake in shares of Rollins by 15.3% during the fourth quarter. Royal London Asset Management Ltd. now owns 151,548 shares of the business services provider’s stock valued at $7,024,000 after purchasing an additional 20,156 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Canaccord Genuity Group lifted their target price on shares of Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, April 25th. Royal Bank of Canada lifted their price objective on Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Barclays increased their target price on Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, April 4th. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the company a “buy” rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company upped their price target on shares of Rollins from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 11th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.38.

Insider Buying and Selling

In related news, Chairman John F. Wilson sold 40,000 shares of the company’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the sale, the chairman now owns 662,727 shares in the company, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $52.81, for a total value of $101,448.01. Following the completion of the transaction, the insider now directly owns 39,640 shares in the company, valued at approximately $2,093,388.40. This represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,842 shares of company stock worth $2,480,861. 4.47% of the stock is owned by insiders.

Rollins Stock Down 0.8%

ROL stock opened at $56.81 on Monday. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65. The business has a fifty day moving average price of $56.23 and a 200-day moving average price of $52.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The stock has a market capitalization of $27.53 billion, a P/E ratio of 59.18 and a beta of 0.77.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $822.50 million during the quarter, compared to the consensus estimate of $817.09 million. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Rollins’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. Equities analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were given a dividend of $0.165 per share. The ex-dividend date was Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.16%. Rollins’s dividend payout ratio (DPR) is 66.67%.

About Rollins

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.