Raymond James & Associates Acquires 18,050 Shares of Rollins, Inc. (NYSE:ROL)

Raymond James & Associates lifted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,136,380 shares of the business services provider’s stock after purchasing an additional 18,050 shares during the period. Raymond James & Associates owned 0.23% of Rollins worth $49,626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Profit Investment Management LLC boosted its position in shares of Rollins by 8.1% during the 4th quarter. Profit Investment Management LLC now owns 106,330 shares of the business services provider’s stock valued at $4,643,000 after purchasing an additional 7,996 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of Rollins by 3.7% during the 4th quarter. HB Wealth Management LLC now owns 17,622 shares of the business services provider’s stock valued at $770,000 after purchasing an additional 631 shares in the last quarter. OneAscent Financial Services LLC bought a new stake in shares of Rollins during the 4th quarter valued at about $204,000. Gulf International Bank UK Ltd boosted its position in shares of Rollins by 14.8% during the 4th quarter. Gulf International Bank UK Ltd now owns 27,649 shares of the business services provider’s stock valued at $1,207,000 after purchasing an additional 3,573 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning bought a new stake in shares of Rollins during the 4th quarter valued at about $967,000. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

NYSE:ROL opened at $46.70 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.65. The business has a fifty day simple moving average of $44.19 and a two-hundred day simple moving average of $41.03. Rollins, Inc. has a 1 year low of $32.19 and a 1 year high of $47.45. The company has a market capitalization of $22.63 billion, a P/E ratio of 53.07, a P/E/G ratio of 3.62 and a beta of 0.63.

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

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. Rollins’s dividend payout ratio is currently 68.18%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ROL. Morgan Stanley began coverage on Rollins in a report on Thursday, December 21st. They issued an “equal weight” rating and a $42.00 price target on the stock. UBS Group cut their price target on Rollins from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, February 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Thursday, February 15th. The Goldman Sachs Group began coverage on Rollins in a report on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 price target on the stock. Finally, StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.83.

Insider Transactions at Rollins

In related news, insider Traci Hornfeck sold 2,677 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $43.48, for a total transaction of $116,395.96. Following the transaction, the insider now owns 14,376 shares in the company, valued at approximately $625,068.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Elizabeth B. Chandler sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Traci Hornfeck sold 2,677 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $43.48, for a total value of $116,395.96. Following the transaction, the insider now owns 14,376 shares in the company, valued at approximately $625,068.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,824 shares of company stock worth $994,558. Company insiders own 4.69% of the company’s stock.

Rollins Company 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.