Avanza Fonder AB Sells 1,466 Shares of Rollins, Inc. (NYSE:ROL)

Avanza Fonder AB lowered its position in Rollins, Inc. (NYSE:ROL) by 6.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,271 shares of the business services provider’s stock after selling 1,466 shares during the period. Avanza Fonder AB’s holdings in Rollins were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Rollins by 9.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider’s stock valued at $1,353,000 after acquiring an additional 2,574 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Rollins by 169.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider’s stock worth $123,000 after purchasing an additional 1,672 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Rollins during the fourth quarter valued at $4,943,000. Royal London Asset Management Ltd. boosted its stake in shares of Rollins by 15.3% during the fourth quarter. Royal London Asset Management Ltd. now owns 151,548 shares of the business services provider’s stock valued at $7,024,000 after purchasing an additional 20,156 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Rollins by 168.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 40,342 shares of the business services provider’s stock worth $1,870,000 after purchasing an additional 25,288 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of Rollins stock opened at $56.93 on Thursday. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $58.65. The stock’s fifty day moving average price is $55.88 and its 200-day moving average price is $51.90. The firm has a market cap of $27.59 billion, a P/E ratio of 59.31 and a beta of 0.77. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The company had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. During the same quarter last year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Monday, May 12th. Rollins’s payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group lifted their price objective on shares of Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, April 25th. Wall Street Zen raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Barclays raised their price objective on Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, April 4th. Royal Bank of Canada lifted their target price on Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Finally, Jefferies Financial Group upgraded Rollins from a “hold” rating to a “buy” rating and raised their price target for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Rollins has a consensus rating of “Moderate Buy” and a consensus target price of $57.38.

Insider Activity at Rollins

In related news, insider Thomas D. Tesh sold 1,921 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total transaction of $108,613.34. Following the sale, the insider now owns 38,028 shares of the company’s stock, valued at $2,150,103.12. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman John F. Wilson sold 40,000 shares of the firm’s stock in a transaction dated Thursday, May 29th. The stock was 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 directly owns 662,727 shares of the company’s stock, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,842 shares of company stock valued at $2,480,861 over the last quarter. 4.47% of the stock is owned by corporate insiders.

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.