RWA Wealth Partners LLC Takes Position in Rollins, Inc. $ROL

RWA Wealth Partners LLC bought a new position in Rollins, Inc. (NYSE:ROL) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 4,021 shares of the business services provider’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Security Financial Services INC. grew its stake in Rollins by 3.2% in the 1st quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider’s stock worth $309,000 after acquiring an additional 178 shares during the period. KFG Wealth Management LLC grew its stake in Rollins by 1.9% in the 1st quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider’s stock worth $611,000 after acquiring an additional 211 shares during the period. Pittenger & Anderson Inc. grew its stake in Rollins by 1.7% in the 1st quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider’s stock worth $710,000 after acquiring an additional 214 shares during the period. Horizon Investments LLC grew its stake in Rollins by 5.8% in the 1st quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider’s stock worth $219,000 after acquiring an additional 224 shares during the period. Finally, Allworth Financial LP grew its stake in Rollins by 11.0% in the 1st quarter. Allworth Financial LP now owns 2,317 shares of the business services provider’s stock worth $129,000 after acquiring an additional 230 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of the company’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the completion of the sale, the chairman owned 632,727 shares of the company’s stock, valued at $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.47% of the stock is owned by insiders.

Rollins Stock Performance

Shares of ROL stock opened at $58.4330 on Thursday. The company’s fifty day simple moving average is $56.81 and its 200-day simple moving average is $54.94. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $59.10. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The company has a market cap of $28.32 billion, a PE ratio of 57.86 and a beta of 0.69.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The business had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be given a $0.165 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. Rollins’s dividend payout ratio is presently 65.35%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ROL shares. UBS Group increased their price objective on shares of Rollins from $59.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Zacks Research lowered shares of Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Wells Fargo & Company reiterated an “overweight” rating and set a $65.00 price objective (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the stock a “buy” rating in a report on Thursday, April 24th. Finally, Barclays increased their price objective on shares of Rollins from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Friday, July 25th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.40.

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.