Rollins, Inc. (NYSE:ROL) Shares Sold by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 0.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,694 shares of the business services provider’s stock after selling 333 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Rollins were worth $4,360,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ROL. Norges Bank acquired a new position in Rollins in the fourth quarter valued at approximately $176,784,000. Marshall Wace LLP boosted its holdings in Rollins by 389.2% in the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock valued at $128,396,000 after purchasing an additional 2,203,859 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Rollins in the fourth quarter valued at approximately $81,747,000. Raymond James Financial Inc. acquired a new position in Rollins in the fourth quarter valued at approximately $74,249,000. Finally, Geode Capital Management LLC boosted its holdings in Rollins by 17.6% in the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock valued at $395,819,000 after purchasing an additional 1,282,508 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rollins

In other news, Chairman John F. Wilson sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the sale, the chairman now owns 662,727 shares in the company, valued at $37,623,011.79. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $56.54, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold 43,842 shares of company stock worth $2,480,861 over the last 90 days. 4.47% of the stock is currently owned by insiders.

Rollins Price Performance

ROL stock opened at $56.45 on Friday. The company has a market capitalization of $27.36 billion, a P/E ratio of 57.02 and a beta of 0.77. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $58.65. The business has a 50 day simple moving average of $56.51 and a 200-day simple moving average of $52.17. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The business had revenue of $822.50 million during the quarter, compared to the consensus estimate of $817.09 million. During the same period in the prior year, the company earned $0.20 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Monday, May 12th. Rollins’s dividend payout ratio (DPR) is presently 66.67%.

Analyst Upgrades and Downgrades

ROL has been the subject of a number of research analyst reports. Jefferies Financial Group raised Rollins from a “hold” rating to a “buy” rating and upped their price target for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Barclays upped their price target on Rollins from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, April 4th. Wall Street Zen raised Rollins from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the company a “buy” rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company upped their price target on Rollins from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday, June 11th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.56.

Rollins 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.