Rollins, Inc. (NYSE:ROL) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its stake in Rollins, Inc. (NYSE:ROL) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,014 shares of the business services provider’s stock after selling 451 shares during the period. M&T Bank Corp’s holdings in Rollins were worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. KFG Wealth Management LLC boosted its stake in Rollins by 1.9% in the first quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider’s stock valued at $611,000 after acquiring an additional 211 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Rollins by 3.2% in the first quarter. QRG Capital Management Inc. now owns 8,195 shares of the business services provider’s stock valued at $443,000 after acquiring an additional 251 shares in the last quarter. Keel Point LLC increased its stake in Rollins by 5.1% in the fourth quarter. Keel Point LLC now owns 5,397 shares of the business services provider’s stock valued at $250,000 after purchasing an additional 262 shares during the period. Heritage Family Offices LLP increased its stake in Rollins by 3.5% in the first quarter. Heritage Family Offices LLP now owns 8,392 shares of the business services provider’s stock valued at $453,000 after purchasing an additional 286 shares during the period. Finally, Everpar Advisors LLC increased its stake in Rollins by 3.3% in the first quarter. Everpar Advisors LLC now owns 10,306 shares of the business services provider’s stock valued at $557,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insider Transactions at Rollins

In related news, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the transaction, the insider directly owned 38,028 shares in the company, valued at approximately $2,150,103.12. This represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 662,727 shares in the company, valued at $37,623,011.79. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.47% of the company’s stock.

Analysts Set New Price Targets

ROL has been the subject of several recent analyst reports. Royal Bank Of Canada raised their target price on shares of Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Wall Street Zen upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Canaccord Genuity Group raised 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. Argus initiated coverage on shares of Rollins in a research note on Wednesday, June 18th. They issued a “buy” rating and a $68.00 target price for the company. Finally, Barclays raised their target price on shares of Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Rollins presently has an average rating of “Moderate Buy” and an average target price of $60.50.

Rollins Trading Up 1.1%

NYSE:ROL opened at $55.64 on Thursday. The company has a market capitalization of $26.97 billion, a PE ratio of 56.20 and a beta of 0.75. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 0.36. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $58.65. The stock has a fifty day simple moving average of $56.58 and a 200-day simple moving average of $53.23.

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, hitting the consensus estimate of $0.22. The business 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 37.31% and a net margin of 13.78%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 EPS. On average, equities research analysts expect 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. This represents a $0.66 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Monday, May 12th. Rollins’s dividend payout ratio is presently 66.67%.

Rollins 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.