Rollins, Inc. (NYSE:ROL) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its holdings in Rollins, Inc. (NYSE:ROL) by 56.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,254 shares of the business services provider’s stock after acquiring an additional 2,254 shares during the quarter. Farther Finance Advisors LLC’s holdings in Rollins were worth $340,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Rollins by 17.6% in the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock valued at $395,819,000 after buying an additional 1,282,508 shares in the last quarter. Invesco Ltd. raised its position in shares of Rollins by 16.9% during the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider’s stock worth $197,778,000 after purchasing an additional 617,876 shares during the period. Norges Bank purchased a new stake in shares of Rollins during the fourth quarter valued at $176,784,000. Northern Trust Corp lifted its holdings in shares of Rollins by 11.8% during the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider’s stock valued at $141,221,000 after purchasing an additional 322,610 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Rollins by 389.2% in the 4th quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock valued at $128,396,000 after purchasing an additional 2,203,859 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROL has been the topic of several recent analyst reports. Wall Street Zen raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Jefferies Financial Group raised Rollins from a “hold” rating to a “buy” rating and upped their price target for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Barclays increased their price objective on Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, April 4th. Royal Bank Of Canada lifted their target price on Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Finally, Canaccord Genuity Group upped their target price on Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, April 25th. 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, Rollins has a consensus rating of “Moderate Buy” and a consensus price target of $57.38.

Rollins Stock Down 0.6%

Shares of NYSE:ROL opened at $56.40 on Wednesday. The company’s fifty day moving average is $56.35 and its 200-day moving average is $52.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.81 and a current ratio of 0.87. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $58.65. The company has a market capitalization of $27.33 billion, a PE ratio of 56.97 and a beta of 0.77.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The business had revenue of $822.50 million during the quarter, compared to analysts’ expectations of $817.09 million. During the same period in the previous year, the business posted $0.20 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Monday, May 12th. Rollins’s dividend payout ratio (DPR) is 66.67%.

Insider Buying and Selling

In other news, insider Thomas D. Tesh sold 1,921 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the transaction, the insider now directly owns 38,028 shares in the company, valued at approximately $2,150,103.12. The trade was a 4.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John F. Wilson sold 40,000 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the transaction, the chairman now directly owns 662,727 shares of the company’s stock, valued at approximately $37,623,011.79. The trade was a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,842 shares of company stock valued at $2,480,861 over the last ninety days. Insiders own 4.47% of the company’s stock.

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.