9,242 Shares in Rollins, Inc. (NYSE:ROL) Purchased by OLD National Bancorp IN

OLD National Bancorp IN acquired a new position in shares of Rollins, Inc. (NYSE:ROL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,242 shares of the business services provider’s stock, valued at approximately $451,000.

Other hedge funds also recently modified their holdings of the company. TD Asset Management Inc grew its holdings in Rollins by 14.5% during the 1st quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock worth $130,765,000 after acquiring an additional 357,535 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Rollins by 7.4% during the 4th quarter. BNP Paribas Financial Markets now owns 268,067 shares of the business services provider’s stock worth $11,706,000 after purchasing an additional 18,510 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Rollins by 9.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,865,122 shares of the business services provider’s stock worth $81,452,000 after purchasing an additional 160,373 shares during the last quarter. Crown Oak Advisors LLC acquired a new position in shares of Rollins during the 4th quarter worth about $9,547,000. Finally, Montanaro Asset Management Ltd increased its stake in shares of Rollins by 10.4% during the 4th quarter. Montanaro Asset Management Ltd now owns 201,500 shares of the business services provider’s stock worth $8,800,000 after purchasing an additional 19,000 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Up 0.4 %

NYSE ROL traded up $0.18 during midday trading on Friday, hitting $47.79. 1,512,735 shares of the company traded hands, compared to its average volume of 1,829,366. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $50.87. The company’s 50-day simple moving average is $48.61 and its 200-day simple moving average is $46.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.78 and a quick ratio of 0.72. The company has a market cap of $23.14 billion, a PE ratio of 53.70, a price-to-earnings-growth ratio of 3.75 and a beta of 0.70.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $891.90 million during the quarter, compared to analyst estimates of $895.02 million. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS. As a group, equities research analysts forecast that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. Rollins’s payout ratio is currently 67.42%.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the sale, the insider now directly owns 95,023 shares in the company, valued at approximately $4,543,999.86. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Rollins news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $47.20, for a total value of $566,400.00. Following the sale, the chief executive officer now owns 288,671 shares of the company’s stock, valued at $13,625,271.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Elizabeth B. Chandler sold 4,686 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total transaction of $224,084.52. Following the completion of the transaction, the insider now owns 95,023 shares of the company’s stock, valued at approximately $4,543,999.86. The disclosure for this sale can be found here. Insiders have sold 20,017 shares of company stock worth $948,707 in the last ninety days. Company insiders own 4.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ROL shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Rollins in a report on Thursday, July 25th. Morgan Stanley lifted their price objective on shares of Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Finally, UBS Group reissued a “neutral” rating and set a $49.00 price objective on shares of Rollins in a report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Rollins presently has an average rating of “Moderate Buy” and a consensus target price of $46.60.

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.