Rollins, Inc. (NYSE:ROL) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC raised its stake in Rollins, Inc. (NYSE:ROL) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,428 shares of the business services provider’s stock after buying an additional 4,507 shares during the quarter. ProShare Advisors LLC’s holdings in Rollins were worth $3,033,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position 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 buying an additional 1,282,508 shares during the last quarter. Invesco Ltd. lifted its position in 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 buying an additional 617,876 shares during the last quarter. Norges Bank acquired a new position in Rollins in the fourth quarter valued at about $176,784,000. Northern Trust Corp lifted its position in Rollins by 11.8% in the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider’s stock valued at $141,221,000 after buying an additional 322,610 shares during the last quarter. Finally, Marshall Wace LLP lifted its position 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 buying an additional 2,203,859 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

ROL has been the topic of several research reports. Barclays increased their price target on shares of Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, April 4th. Canaccord Genuity Group increased their price target on shares of Rollins from $49.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, April 25th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the stock a “buy” rating in a research report on Thursday, April 24th. Finally, Royal Bank of Canada increased their price target on shares of Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.57.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the transaction, the insider now directly owns 76,526 shares in the company, valued at $3,916,600.68. This represents a 14.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the transaction, the insider now owns 38,028 shares in the company, valued at $2,150,103.12. This represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,180 shares of company stock worth $1,155,943. Company insiders own 4.47% of the company’s stock.

Rollins Stock Up 0.8%

ROL stock opened at $57.41 on Tuesday. The company’s 50 day moving average price is $54.43 and its 200 day moving average price is $51.07. 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 $45.00 and a fifty-two week high of $57.45. The firm has a market capitalization of $27.82 billion, a price-to-earnings ratio of 59.80 and a beta of 0.79.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, hitting 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 analyst estimates of $817.09 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 12th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.15%. Rollins’s payout ratio is 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.