Capital Investment Advisors LLC Buys 606 Shares of Rollins, Inc. (NYSE:ROL)

Capital Investment Advisors LLC grew its stake in shares of Rollins, Inc. (NYSE:ROL) by 10.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,427 shares of the business services provider’s stock after acquiring an additional 606 shares during the period. Capital Investment Advisors LLC’s holdings in Rollins were worth $347,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Rollins by 17.6% in the 4th 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 during the period. Invesco Ltd. boosted its position in shares of Rollins by 16.9% in the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider’s stock valued at $197,778,000 after acquiring an additional 617,876 shares during the period. Norges Bank acquired a new position in shares of Rollins in the fourth quarter valued at about $176,784,000. Northern Trust Corp increased its position in Rollins by 11.8% during the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider’s stock worth $141,221,000 after acquiring an additional 322,610 shares during the period. Finally, Marshall Wace LLP raised its stake in Rollins by 389.2% in the 4th quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock worth $128,396,000 after purchasing an additional 2,203,859 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays raised their price target on Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, April 4th. Wells Fargo & Company increased their price target on shares of Rollins from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank of Canada boosted their price objective on shares of Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Canaccord Genuity Group upped their target price on Rollins from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, April 25th. Finally, The Goldman Sachs Group set a $61.00 price target on Rollins and gave the company a “buy” rating in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $57.38.

Rollins Stock Performance

NYSE ROL opened at $56.93 on Thursday. The firm’s fifty day moving average price is $55.88 and its two-hundred day moving average price is $51.90. The stock has a market cap of $27.59 billion, a PE ratio of 59.31 and a beta of 0.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $58.65.

Rollins (NYSE:ROL) last released 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 37.94% 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 business posted $0.20 EPS. Rollins’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Monday, May 12th. Rollins’s dividend payout ratio (DPR) is currently 66.67%.

Insider Transactions at Rollins

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

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.