Asset Advisors Investment Management LLC Increases Stock Position in Rollins, Inc. $ROL

Asset Advisors Investment Management LLC raised its holdings in Rollins, Inc. (NYSE:ROL) by 22.8% during the 2nd quarter, Holdings Channel reports. The firm owned 41,447 shares of the business services provider’s stock after purchasing an additional 7,697 shares during the quarter. Asset Advisors Investment Management LLC’s holdings in Rollins were worth $2,338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ROL. City Holding Co. purchased a new stake in shares of Rollins in the first quarter valued at about $27,000. GW&K Investment Management LLC lifted its holdings in shares of Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 548 shares in the last quarter. CVA Family Office LLC lifted its holdings in shares of Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 340 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 375 shares in the last quarter. Finally, National Pension Service lifted its holdings in shares of Rollins by 75.0% in the first quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 462 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ROL. JPMorgan Chase & Co. began coverage on shares of Rollins in a report on Friday, September 26th. They issued an “overweight” rating and a $70.00 price target on the stock. Argus assumed coverage on shares of Rollins in a research report on Wednesday, June 18th. They issued a “buy” rating and a $68.00 price objective for the company. Wells Fargo & Company reissued an “overweight” rating and issued a $65.00 price objective (up previously from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Barclays boosted their price objective on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Finally, Zacks Research lowered shares of Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.18.

Insider Buying and Selling at Rollins

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

Rollins Price Performance

Rollins stock opened at $58.34 on Friday. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.12. The firm has a fifty day moving average of $57.25 and a 200-day moving average of $56.18. The firm has a market capitalization of $28.27 billion, a P/E ratio of 57.76 and a beta of 0.69. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last posted its quarterly earnings data 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. The firm had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. As a group, analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Monday, August 11th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, August 11th. Rollins’s dividend payout ratio (DPR) is 65.35%.

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.