Rollins, Inc. (NYSE:ROL) Position Cut by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lowered its position in shares of Rollins, Inc. (NYSE:ROL) by 4.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,518 shares of the business services provider’s stock after selling 338 shares during the period. Kestra Private Wealth Services LLC’s holdings in Rollins were worth $285,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Rollins by 18.7% in the 3rd quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock worth $1,195,307,000 after purchasing an additional 5,041,371 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Rollins by 40.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock worth $346,923,000 after buying an additional 2,682,017 shares in the last quarter. Ameriprise Financial Inc. increased its position in Rollins by 132.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,541,717 shares of the business services provider’s stock valued at $57,552,000 after acquiring an additional 877,240 shares during the period. Invesco Ltd. increased its position in Rollins by 18.4% in the 3rd quarter. Invesco Ltd. now owns 3,992,323 shares of the business services provider’s stock valued at $149,033,000 after acquiring an additional 620,179 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Rollins by 42.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,960,295 shares of the business services provider’s stock valued at $73,178,000 after acquiring an additional 587,095 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insider Buying and Selling

In other news, insider Elizabeth B. Chandler sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $41.05, for a total transaction of $410,500.00. Following the completion of the sale, the insider now directly owns 99,709 shares of the company’s stock, valued at $4,093,054.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Elizabeth B. Chandler sold 10,000 shares of Rollins stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total value of $410,500.00. Following the transaction, the insider now directly owns 99,709 shares of the company’s stock, valued at $4,093,054.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Traci Hornfeck sold 2,677 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $43.48, for a total transaction of $116,395.96. Following the completion of the sale, the insider now owns 14,376 shares of the company’s stock, valued at approximately $625,068.48. The disclosure for this sale can be found here. Insiders have sold 27,824 shares of company stock worth $1,219,558 in the last three months. 4.69% of the stock is currently owned by insiders.

Rollins Price Performance

Shares of NYSE ROL opened at $46.62 on Thursday. Rollins, Inc. has a twelve month low of $32.19 and a twelve month high of $47.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average of $45.12 and a two-hundred day moving average of $42.73. The company has a market capitalization of $22.57 billion, a price-to-earnings ratio of 52.38, a PEG ratio of 3.53 and a beta of 0.65.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $748.35 million during the quarter, compared to analyst estimates of $739.12 million. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 earnings per share. As a group, analysts expect that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, May 9th. Rollins’s dividend payout ratio is presently 67.42%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ROL. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Morgan Stanley raised their target price on shares of Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research note on Thursday, February 15th. Finally, UBS Group reiterated a “neutral” rating and set a $49.00 price objective on shares of Rollins in a research note on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

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.