Rollins, Inc. (NYSE:ROL) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its position in Rollins, Inc. (NYSE:ROL) by 16.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,329 shares of the business services provider’s stock after selling 6,062 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Rollins were worth $1,693,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROL. City Holding Co. purchased a new position in Rollins in the first quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Rollins during the fourth quarter worth about $29,000. Mizuho Bank Ltd. purchased a new stake in shares of Rollins during the fourth quarter worth about $37,000. CVA Family Office LLC increased its stake in shares of Rollins by 73.0% during the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider’s stock worth $44,000 after purchasing an additional 340 shares in the last quarter. Finally, Atala Financial Inc purchased a new stake in shares of Rollins during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

ROL has been the subject of a number of research reports. Wall Street Zen raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Canaccord Genuity Group boosted their target price on shares of Rollins from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, April 25th. Royal Bank Of Canada upped their price objective on shares of Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Argus began coverage on shares of Rollins in a research note on Wednesday, June 18th. They set a “buy” rating and a $68.00 price objective for the company. Finally, Barclays upped their price objective on shares of Rollins from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Rollins presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.56.

Insider Transactions at Rollins

In other news, Chairman John F. Wilson sold 40,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chairman now directly owns 662,727 shares in the company, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $52.81, for a total transaction of $101,448.01. Following the sale, the insider now owns 39,640 shares in the company, valued at approximately $2,093,388.40. This trade represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,842 shares of company stock worth $2,480,861. 4.47% of the stock is currently owned by insiders.

Rollins Stock Performance

NYSE:ROL opened at $57.14 on Tuesday. The company’s 50-day moving average is $56.53 and its two-hundred day moving average is $52.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65. The firm has a market capitalization of $27.69 billion, a price-to-earnings ratio of 57.71 and a beta of 0.77.

Rollins (NYSE:ROL) last issued 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. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The firm had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. During the same period in the prior year, the business posted $0.20 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th were issued a $0.165 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.16%. Rollins’s dividend payout ratio is currently 66.67%.

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.