Zurcher Kantonalbank Zurich Cantonalbank Buys 4,886 Shares of Rollins, Inc. (NYSE:ROL)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Rollins, Inc. (NYSE:ROL) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,439 shares of the business services provider’s stock after buying an additional 4,886 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Rollins were worth $2,246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ROL. Operose Advisors LLC acquired a new stake in Rollins during the 3rd quarter valued at approximately $47,000. First Horizon Advisors Inc. boosted its stake in shares of Rollins by 224.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,603 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 1,109 shares during the last quarter. Blue Trust Inc. increased its position in shares of Rollins by 65.9% during the fourth quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock worth $63,000 after buying an additional 577 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Rollins during the third quarter worth $75,000. Finally, UniSuper Management Pty Ltd lifted its holdings in Rollins by 43.8% in the third quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the business services provider’s stock valued at $86,000 after buying an additional 700 shares during the period. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Up 0.4 %

Shares of NYSE:ROL opened at $42.65 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.65 and a current ratio of 0.71. Rollins, Inc. has a 52-week low of $32.19 and a 52-week high of $47.45. The business’s 50 day simple moving average is $44.44 and its two-hundred day simple moving average is $42.03. The firm has a market cap of $20.67 billion, a P/E ratio of 48.47, a PEG ratio of 3.35 and a beta of 0.63.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, February 14th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Rollins had a return on equity of 35.97% and a net margin of 14.15%. The company had revenue of $754.10 million for the quarter, compared to analysts’ expectations of $753.40 million. During the same period last year, the business earned $0.17 EPS. Rollins’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, research analysts forecast that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.41%. Rollins’s dividend payout ratio (DPR) is 68.18%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Rollins in a report on Thursday, February 15th. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th. UBS Group restated a “neutral” rating and set a $49.00 price target on shares of Rollins in a report on Monday, April 15th. Finally, The Goldman Sachs Group assumed coverage on shares of Rollins in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $46.83.

Insider Activity

In related news, CFO Kenneth D. Krause sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $46.18, for a total value of $230,900.00. Following the transaction, the chief financial officer now owns 99,078 shares of the company’s stock, valued at approximately $4,575,422.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Traci Hornfeck sold 2,677 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $43.48, for a total value of $116,395.96. Following the completion of the sale, the insider now owns 14,376 shares in the company, valued at approximately $625,068.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kenneth D. Krause sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $46.18, for a total transaction of $230,900.00. Following the transaction, the chief financial officer now directly owns 99,078 shares in the company, valued at $4,575,422.04. The disclosure for this sale can be found here. Insiders sold 22,824 shares of company stock worth $994,558 over the last three months. 4.69% of the stock is currently owned by insiders.

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.