11,233 Shares in Rollins, Inc. $ROL Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. acquired a new position in shares of Rollins, Inc. (NYSE:ROL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,233 shares of the business services provider’s stock, valued at approximately $660,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Rollins by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,812 shares of the business services provider’s stock valued at $1,663,000 after purchasing an additional 1,620 shares during the period. Caxton Associates LLP acquired a new stake in shares of Rollins in the first quarter valued at approximately $451,000. United Services Automobile Association bought a new position in shares of Rollins during the 1st quarter worth approximately $297,000. Empowered Funds LLC increased its holdings in shares of Rollins by 16.7% during the 1st quarter. Empowered Funds LLC now owns 6,427 shares of the business services provider’s stock worth $347,000 after acquiring an additional 918 shares during the last quarter. Finally, Woodline Partners LP raised its stake in Rollins by 40.7% in the 1st quarter. Woodline Partners LP now owns 23,728 shares of the business services provider’s stock valued at $1,282,000 after acquiring an additional 6,859 shares during the period. 51.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $70.00 price objective on shares of Rollins in a research report on Tuesday, December 23rd. Sanford C. Bernstein restated an “outperform” rating on shares of Rollins in a research report on Tuesday, December 2nd. Morgan Stanley raised Rollins from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $58.00 to $72.00 in a research report on Wednesday, December 17th. Wells Fargo & Company set a $63.00 target price on Rollins and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. started coverage on shares of Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.92.

Insiders Place Their Bets

In related news, Chairman John F. Wilson sold 1,520 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $59.40, for a total transaction of $90,288.00. Following the completion of the transaction, the chairman directly owned 607,587 shares of the company’s stock, valued at $36,090,667.80. This trade represents a 0.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas D. Tesh sold 2,396 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $59.73, for a total value of $143,113.08. Following the completion of the sale, the insider owned 31,627 shares in the company, valued at $1,889,080.71. This trade represents a 7.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,311 shares of company stock valued at $371,760 over the last 90 days. 4.47% of the stock is currently owned by company insiders.

Rollins Stock Performance

Rollins stock opened at $60.70 on Friday. The stock has a market cap of $29.41 billion, a PE ratio of 56.72 and a beta of 0.79. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 0.32. Rollins, Inc. has a 12-month low of $45.77 and a 12-month high of $61.84. The business’s 50-day moving average price is $59.84 and its two-hundred day moving average price is $57.87.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 EPS. As a group, analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were paid a $0.1825 dividend. This is a positive change from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, November 10th. Rollins’s payout ratio is presently 68.22%.

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.