34,730 Shares in Rollins, Inc. $ROL Purchased by Accurate Wealth Management LLC

Accurate Wealth Management LLC purchased a new stake in shares of Rollins, Inc. (NYSE:ROL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 34,730 shares of the business services provider’s stock, valued at approximately $2,107,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ROL. Vanguard Group Inc. grew its holdings in Rollins by 4.2% in the third quarter. Vanguard Group Inc. now owns 36,720,282 shares of the business services provider’s stock worth $2,156,949,000 after purchasing an additional 1,480,306 shares during the period. State Street Corp grew its position in Rollins by 1.4% during the 3rd quarter. State Street Corp now owns 12,274,415 shares of the business services provider’s stock valued at $720,999,000 after purchasing an additional 172,303 shares during the last quarter. Invesco Ltd. grew its position in Rollins by 41.2% during the 2nd quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider’s stock valued at $319,224,000 after purchasing an additional 1,649,676 shares during the last quarter. Norges Bank bought a new stake in Rollins during the 2nd quarter valued at about $218,593,000. Finally, Northern Trust Corp increased its stake in Rollins by 0.5% during the 3rd quarter. Northern Trust Corp now owns 2,885,973 shares of the business services provider’s stock valued at $169,522,000 after purchasing an additional 15,133 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

NYSE:ROL opened at $52.47 on Friday. The business’s 50-day simple moving average is $59.54 and its two-hundred day simple moving average is $58.98. Rollins, Inc. has a 52 week low of $49.73 and a 52 week high of $66.14. The stock has a market cap of $25.29 billion, a PE ratio of 48.14, a P/E/G ratio of 3.26 and a beta of 0.80. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 0.35.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, February 11th. The business services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Rollins had a return on equity of 38.16% and a net margin of 14.00%.The business had revenue of $912.91 million during the quarter, compared to the consensus estimate of $925.08 million. During the same period last year, the company earned $0.22 EPS. The business’s revenue was up 9.7% on a year-over-year basis. As a group, analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th were paid a $0.1825 dividend. This represents a $0.73 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, February 25th. Rollins’s dividend payout ratio is presently 66.97%.

Insiders Place Their Bets

In other news, Chairman Gary W. Rollins sold 19,094 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $63.26, for a total transaction of $1,207,886.44. Following the completion of the transaction, the chairman owned 5,322,469 shares in the company, valued at $336,699,388.94. This trade represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas D. Tesh sold 2,396 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $60.06, for a total value of $143,903.76. Following the completion of the sale, the insider owned 29,231 shares in the company, valued at $1,755,613.86. This represents a 7.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,435 shares of company stock worth $4,321,384 over the last ninety days. 4.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Barclays raised shares of Rollins from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $60.00 to $72.00 in a research report on Friday, December 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a research note on Monday, December 29th. Royal Bank Of Canada set a $67.00 target price on Rollins and gave the stock an “outperform” rating in a report on Thursday, February 12th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Rollins in a report on Tuesday, December 2nd. Finally, Bank of America assumed coverage on shares of Rollins in a research note on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price target for the company. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $66.08.

Rollins Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.