Accurate Wealth Management LLC Buys New Stake in Rollins, Inc. $ROL

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

Several other institutional investors have also bought and sold shares of the business. Thrive Wealth Management LLC grew its stake in shares of Rollins by 2.7% in the 3rd quarter. Thrive Wealth Management LLC now owns 6,473 shares of the business services provider’s stock worth $380,000 after buying an additional 172 shares in the last quarter. Fifth Third Bancorp grew its position in Rollins by 1.2% in the third quarter. Fifth Third Bancorp now owns 18,874 shares of the business services provider’s stock worth $1,109,000 after acquiring an additional 222 shares in the last quarter. World Investment Advisors increased its stake in Rollins by 5.1% during the third quarter. World Investment Advisors now owns 4,705 shares of the business services provider’s stock worth $276,000 after acquiring an additional 229 shares during the last quarter. Inspire Investing LLC increased its stake in Rollins by 4.7% during the third quarter. Inspire Investing LLC now owns 5,254 shares of the business services provider’s stock worth $309,000 after acquiring an additional 234 shares during the last quarter. Finally, Keel Point LLC raised its position in Rollins by 5.4% during the second quarter. Keel Point LLC now owns 4,646 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 238 shares during the period. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of NYSE:ROL opened at $52.47 on Friday. The firm has a 50 day moving average of $59.54 and a 200 day moving average of $58.98. The company has a quick ratio of 0.55, a current ratio of 0.60 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $25.29 billion, a price-to-earnings ratio of 48.14, a price-to-earnings-growth ratio of 3.26 and a beta of 0.80. Rollins, Inc. has a 52 week low of $49.73 and a 52 week high of $66.14.

Rollins (NYSE:ROL) last released its quarterly earnings results 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). The firm had revenue of $912.91 million during the quarter, compared to the consensus estimate of $925.08 million. Rollins had a net margin of 14.00% and a return on equity of 38.16%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 earnings per share. On average, sell-side analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

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

Wall Street Analyst Weigh In

ROL has been the subject of several analyst reports. Bank of America assumed coverage on Rollins in a research note on Tuesday, February 17th. They issued a “buy” rating and a $67.00 price objective for the company. Canaccord Genuity Group set a $52.00 price target on Rollins and gave the company a “hold” rating in a report on Friday, February 13th. Royal Bank Of Canada set a $67.00 price target on Rollins and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Rollins in a research note on Tuesday, December 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a research report on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.08.

Insiders Place Their Bets

In other news, Chairman John F. Wilson sold 7,538 shares of the company’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $63.26, for a total transaction of $476,853.88. Following the transaction, the chairman directly owned 600,049 shares of the company’s stock, valued at approximately $37,959,099.74. This represents a 1.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas D. Tesh sold 2,396 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $60.06, for a total value of $143,903.76. Following the sale, the insider owned 29,231 shares of the company’s stock, valued at approximately $1,755,613.86. This represents a 7.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 69,435 shares of company stock valued at $4,321,384. 4.47% of the stock is currently owned by company insiders.

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.