Benjamin Edwards Inc. Increases Holdings in Rollins, Inc. (NYSE:ROL)

Benjamin Edwards Inc. grew its holdings in Rollins, Inc. (NYSE:ROL) by 34.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,966 shares of the business services provider’s stock after acquiring an additional 5,117 shares during the period. Benjamin Edwards Inc.’s holdings in Rollins were worth $925,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Eastern Bank lifted its stake in Rollins by 0.5% in the fourth quarter. Eastern Bank now owns 50,410 shares of the business services provider’s stock worth $2,337,000 after acquiring an additional 236 shares during the period. Keel Point LLC lifted its position in shares of Rollins by 5.1% in the 4th quarter. Keel Point LLC now owns 5,397 shares of the business services provider’s stock worth $250,000 after purchasing an additional 262 shares during the period. Kensington Investment Counsel LLC boosted its stake in shares of Rollins by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider’s stock valued at $1,767,000 after purchasing an additional 263 shares in the last quarter. New York Life Investment Management LLC increased its position in shares of Rollins by 0.7% during the fourth quarter. New York Life Investment Management LLC now owns 37,794 shares of the business services provider’s stock valued at $1,752,000 after buying an additional 274 shares during the period. Finally, SRS Capital Advisors Inc. raised its stake in Rollins by 25.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider’s stock worth $66,000 after buying an additional 292 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the sale, the insider now directly owns 76,526 shares in the company, valued at approximately $3,916,600.68. The trade was a 14.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the transaction, the insider now owns 41,173 shares in the company, valued at approximately $2,131,937.94. This trade represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,259 shares of company stock worth $1,047,330. 4.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ROL shares. Canaccord Genuity Group lifted their price objective on Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, April 25th. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the company a “buy” rating in a report on Thursday, April 24th. UBS Group increased their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada upped their price objective on shares of Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.57.

Rollins Stock Performance

Shares of Rollins stock opened at $56.65 on Friday. The stock has a market cap of $27.46 billion, a price-to-earnings ratio of 59.02 and a beta of 0.79. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. Rollins, Inc. has a 1 year low of $45.00 and a 1 year high of $57.72. The firm’s 50-day moving average is $53.84 and its 200 day moving average is $50.61.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The firm had revenue of $822.50 million for the quarter, compared to analysts’ expectations of $817.09 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 12th will be given a dividend of $0.165 per share. The ex-dividend date is Monday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.16%. Rollins’s dividend payout ratio (DPR) is presently 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.