Rollins, Inc. (NYSE:ROL) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in Rollins, Inc. (NYSE:ROL) by 6.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 69,727 shares of the business services provider’s stock after purchasing an additional 4,486 shares during the quarter. Handelsbanken Fonder AB’s holdings in Rollins were worth $3,767,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. City Holding Co. acquired a new stake in shares of Rollins in the first quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Rollins in the fourth quarter valued at approximately $29,000. Centricity Wealth Management LLC acquired a new stake in shares of Rollins in the fourth quarter valued at approximately $31,000. Mizuho Bank Ltd. acquired a new stake in shares of Rollins in the fourth quarter valued at approximately $37,000. Finally, Atala Financial Inc acquired a new stake in Rollins during the fourth quarter worth $47,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on Rollins from $62.00 to $63.00 and gave the stock an “overweight” rating in a research note on Wednesday. Jefferies Financial Group raised Rollins from a “hold” rating to a “buy” rating and raised their target price for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. Morgan Stanley raised their target price on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Canaccord Genuity Group raised 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, Royal Bank of Canada raised their target price on Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.38.

Insider Transactions at Rollins

In related news, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction on 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 transaction, the chairman now directly owns 662,727 shares in the company, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $52.81, for a total value of $101,448.01. Following the completion of the transaction, the insider now owns 39,640 shares of the company’s stock, valued at approximately $2,093,388.40. This trade represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,842 shares of company stock worth $2,480,861 over the last ninety days. Company insiders own 4.47% of the company’s stock.

Rollins Trading Down 0.8%

ROL opened at $56.81 on Friday. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $58.65. The business has a fifty day simple moving average of $56.10 and a 200-day simple moving average of $51.98. The firm has a market cap of $27.53 billion, a P/E ratio of 59.18 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The business had revenue of $822.50 million during the quarter, compared to analyst estimates of $817.09 million. During the same period last year, the business posted $0.20 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

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

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.