Van ECK Associates Corp Raises Stock Holdings in Rollins, Inc. (NYSE:ROL)

Van ECK Associates Corp boosted its position in shares of Rollins, Inc. (NYSE:ROL) by 27.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,836 shares of the business services provider’s stock after buying an additional 10,445 shares during the quarter. Van ECK Associates Corp’s holdings in Rollins were worth $2,133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ROL. Lindbrook Capital LLC boosted its holdings in Rollins by 72.4% in the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 260 shares in the last quarter. Operose Advisors LLC bought a new stake in shares of Rollins during the 3rd quarter valued at about $47,000. First Horizon Advisors Inc. increased its position in shares of Rollins by 224.5% during the third quarter. First Horizon Advisors Inc. now owns 1,603 shares of the business services provider’s stock valued at $60,000 after buying an additional 1,109 shares during the period. Blue Trust Inc. raised its stake in Rollins by 65.9% in 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 in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Rollins in the third quarter worth about $75,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Down 1.2 %

Shares of Rollins stock opened at $46.62 on Thursday. The company has a 50-day simple moving average of $45.12 and a two-hundred day simple moving average of $42.73. Rollins, Inc. has a 52-week low of $32.19 and a 52-week high of $47.69. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market capitalization of $22.57 billion, a PE ratio of 52.38, a price-to-earnings-growth ratio of 3.53 and a beta of 0.65.

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

Rollins Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total transaction of $410,500.00. Following the transaction, the insider now owns 99,709 shares in the company, valued at approximately $4,093,054.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Elizabeth B. Chandler sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was 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 in the company, valued at approximately $4,093,054.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 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. In the last ninety days, insiders sold 27,824 shares of company stock worth $1,219,558. 4.69% of the stock is owned by corporate insiders.

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.