Optivise Advisory Services LLC Decreases Holdings in Rollins, Inc. (NYSE:ROL)

Optivise Advisory Services LLC lowered its stake in Rollins, Inc. (NYSE:ROL) by 10.1% in the 1st quarter, HoldingsChannel reports. The fund owned 4,006 shares of the business services provider’s stock after selling 451 shares during the period. Optivise Advisory Services LLC’s holdings in Rollins were worth $216,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of Rollins by 17.6% in the 4th quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock valued at $395,819,000 after purchasing an additional 1,282,508 shares during the last quarter. Invesco Ltd. lifted its position in Rollins by 16.9% in the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider’s stock worth $197,778,000 after buying an additional 617,876 shares during the last quarter. Norges Bank bought a new stake in Rollins in the fourth quarter worth $176,784,000. Northern Trust Corp boosted its stake in Rollins by 11.8% during the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider’s stock worth $141,221,000 after buying an additional 322,610 shares during the period. Finally, Marshall Wace LLP increased its position in Rollins by 389.2% during the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock valued at $128,396,000 after acquiring an additional 2,203,859 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Insider Activity at Rollins

In other news, Chairman John F. Wilson sold 40,000 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the sale, the chairman now owns 662,727 shares in the company, valued at approximately $37,623,011.79. The trade was a 5.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the transaction, the insider now owns 38,028 shares in the company, valued at approximately $2,150,103.12. This represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,842 shares of company stock worth $2,480,861 over the last three months. 4.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on ROL. Canaccord Genuity Group raised their target price on shares of Rollins from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, April 25th. Jefferies Financial Group raised shares of Rollins from a “hold” rating to a “buy” rating and increased their price objective for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Argus initiated coverage on Rollins in a research report on Wednesday. They set a “buy” rating and a $68.00 target price for the company. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the stock a “buy” rating in a report on Thursday, April 24th. Finally, Royal Bank Of Canada raised their price target on Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and an average target price of $58.56.

Rollins Stock Performance

Shares of NYSE:ROL opened at $56.06 on Thursday. The firm’s 50 day simple moving average is $56.41 and its 200-day simple moving average is $52.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.81 and a current ratio of 0.87. Rollins, Inc. has a one year low of $45.34 and a one year high of $58.65. The firm has a market cap of $27.17 billion, a PE ratio of 56.62 and a beta of 0.77.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $822.50 million for the quarter, compared to analysts’ expectations of $817.09 million. Rollins had a return on equity of 37.31% and a net margin of 13.78%. Rollins’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. As a group, equities analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were issued a $0.165 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.18%. Rollins’s payout ratio is currently 66.67%.

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.