City Center Advisors LLC Takes $219,000 Position in Rollins, Inc. (NYSE:ROL)

City Center Advisors LLC purchased a new stake in shares of Rollins, Inc. (NYSE:ROL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,057 shares of the business services provider’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Yarbrough Capital LLC raised its holdings in shares of Rollins by 46.9% during the 1st quarter. Yarbrough Capital LLC now owns 22,071 shares of the business services provider’s stock valued at $1,192,000 after purchasing an additional 7,044 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of Rollins by 10.2% during the 1st quarter. Wedmont Private Capital now owns 9,000 shares of the business services provider’s stock valued at $497,000 after purchasing an additional 834 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of Rollins by 31.0% during the 1st quarter. Gateway Investment Advisers LLC now owns 15,511 shares of the business services provider’s stock valued at $838,000 after purchasing an additional 3,667 shares in the last quarter. KFG Wealth Management LLC raised its holdings in shares of Rollins by 1.9% during the 1st quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider’s stock valued at $611,000 after purchasing an additional 211 shares in the last quarter. Finally, Impact Capital Partners LLC raised its holdings in Rollins by 2.6% in the 1st quarter. Impact Capital Partners LLC now owns 13,009 shares of the business services provider’s stock worth $703,000 after acquiring an additional 326 shares during the period. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

NYSE:ROL opened at $57.78 on Monday. The firm’s 50-day moving average is $55.82 and its 200-day moving average is $51.81. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $58.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The company has a market cap of $28.00 billion, a price-to-earnings ratio of 60.18 and a beta of 0.77.

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

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders 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 1.14%. Rollins’s dividend payout ratio (DPR) is currently 66.67%.

Insider Activity

In other news, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $52.81, for a total transaction of $101,448.01. Following the sale, the insider now directly owns 39,640 shares in the company, valued at approximately $2,093,388.40. The trade was a 4.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the sale, the chairman now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 43,842 shares of company stock worth $2,480,861. Corporate insiders own 4.47% of the company’s stock.

Analysts Set New Price Targets

ROL has been the topic of several recent analyst reports. Canaccord Genuity Group lifted their target price on shares of Rollins from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, April 25th. Jefferies Financial Group upgraded shares of Rollins from a “hold” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Barclays lifted their target price on shares of Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, April 4th. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the stock a “buy” rating in a report on Thursday, April 24th. Finally, Morgan Stanley lifted their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.75.

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.