Farther Finance Advisors LLC Trims Stake in Rollins, Inc. $ROL

Farther Finance Advisors LLC reduced its stake in shares of Rollins, Inc. (NYSE:ROL) by 14.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,328 shares of the business services provider’s stock after selling 926 shares during the period. Farther Finance Advisors LLC’s holdings in Rollins were worth $301,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB purchased a new position in Rollins in the 1st quarter worth $64,636,000. Zurich Insurance Group Ltd FI purchased a new position in Rollins in the 1st quarter worth $59,073,000. Nuveen LLC purchased a new position in Rollins in the 1st quarter worth $54,685,000. Vanguard Group Inc. raised its position in Rollins by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 34,736,543 shares of the business services provider’s stock worth $1,876,815,000 after purchasing an additional 999,797 shares during the period. Finally, Manning & Napier Advisors LLC raised its position in Rollins by 372.7% in the 1st quarter. Manning & Napier Advisors LLC now owns 1,267,167 shares of the business services provider’s stock worth $68,465,000 after purchasing an additional 999,112 shares during the period. 51.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on ROL. UBS Group lifted their target price on shares of Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Barclays lifted their target price on shares of Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, July 25th. Jefferies Financial Group upgraded shares of Rollins from a “hold” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Argus began coverage on shares of Rollins in a research report on Wednesday, June 18th. They issued a “buy” rating and a $68.00 price objective on the stock. Finally, Zacks Research cut shares of Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.18.

Insider Activity

In other news, Chairman John F. Wilson sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total value of $1,741,200.00. Following the transaction, the chairman owned 632,727 shares in the company, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.47% of the company’s stock.

Rollins Price Performance

Shares of NYSE ROL opened at $58.47 on Tuesday. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The company’s 50-day moving average is $57.12 and its 200 day moving average is $56.10. The stock has a market capitalization of $28.33 billion, a P/E ratio of 57.89 and a beta of 0.69.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $999.53 million for the quarter, compared to analysts’ expectations of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. On average, sell-side analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, August 11th. Rollins’s dividend payout ratio is 65.35%.

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.