Rollins, Inc. (NYSE:ROL) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its holdings in Rollins, Inc. (NYSE:ROL) by 0.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 242,883 shares of the business services provider’s stock after purchasing an additional 2,279 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Rollins were worth $11,238,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Rollins by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 32,231,567 shares of the business services provider’s stock worth $1,407,553,000 after purchasing an additional 211,560 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Rollins by 40.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock worth $346,923,000 after buying an additional 2,682,017 shares during the last quarter. Norges Bank acquired a new position in shares of Rollins in the 4th quarter worth approximately $256,862,000. Invesco Ltd. increased its holdings in shares of Rollins by 18.4% in the 3rd quarter. Invesco Ltd. now owns 3,992,323 shares of the business services provider’s stock valued at $149,033,000 after acquiring an additional 620,179 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Rollins by 10.9% in the 3rd quarter. Northern Trust Corp now owns 3,165,604 shares of the business services provider’s stock valued at $118,172,000 after acquiring an additional 312,274 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Kenneth D. Krause sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the transaction, the chief financial officer now owns 94,078 shares of the company’s stock, valued at $4,233,510. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Kenneth D. Krause sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the sale, the chief financial officer now directly owns 94,078 shares in the company, valued at approximately $4,233,510. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Traci Hornfeck sold 2,677 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $43.48, for a total transaction of $116,395.96. Following the sale, the insider now owns 14,376 shares of the company’s stock, valued at $625,068.48. The disclosure for this sale can be found here. Insiders sold 27,824 shares of company stock worth $1,219,558 over the last ninety days. Company insiders own 4.69% of the company’s stock.

Wall Street Analyst Weigh In

ROL has been the subject of a number of research reports. 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 report on Friday, April 26th. UBS Group reaffirmed a “neutral” rating and set a $49.00 price objective on shares of Rollins in a research report on Monday, April 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Thursday, February 15th. Finally, StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Rollins Stock Performance

Shares of ROL traded up $1.38 during trading hours on Friday, reaching $46.12. 1,947,294 shares of the company’s stock traded hands, compared to its average volume of 2,000,080. Rollins, Inc. has a twelve month low of $32.19 and a twelve month high of $47.45. The business’s fifty day simple moving average is $44.88 and its two-hundred day simple moving average is $42.46. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.66. The firm has a market capitalization of $22.33 billion, a price-to-earnings ratio of 51.82, a P/E/G ratio of 3.42 and a beta of 0.65.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The firm had revenue of $748.35 million during the quarter, compared to analyst estimates of $739.12 million. During the same quarter in the prior year, the firm posted $0.18 EPS. Rollins’s revenue was up 13.7% compared to the same quarter last year. Analysts predict that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.60 annualized dividend and a yield of 1.30%. Rollins’s payout ratio is 67.42%.

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.