Rollins, Inc. (NYSE:ROL) Shares Sold by JLB & Associates Inc.

JLB & Associates Inc. reduced its position in Rollins, Inc. (NYSE:ROL) by 1.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 356,930 shares of the business services provider’s stock after selling 4,080 shares during the period. Rollins accounts for about 2.7% of JLB & Associates Inc.’s holdings, making the stock its 15th biggest holding. JLB & Associates Inc. owned 0.07% of Rollins worth $19,285,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ROL. Norges Bank purchased a new stake in Rollins in the fourth quarter valued at approximately $176,784,000. Marshall Wace LLP increased its holdings in shares of Rollins by 389.2% in the 4th quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock valued at $128,396,000 after acquiring an additional 2,203,859 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Rollins in the 4th quarter valued at $81,747,000. Raymond James Financial Inc. acquired a new stake in Rollins during the 4th quarter worth $74,249,000. Finally, Geode Capital Management LLC grew its position in Rollins by 17.6% during the 4th quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock worth $395,819,000 after purchasing an additional 1,282,508 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ROL. Wall Street Zen upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Wells Fargo & Company increased their price objective on Rollins from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 11th. Barclays lifted their target price on Rollins from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday, April 4th. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the stock a “buy” rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada increased their price target on 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 five have assigned a buy rating to the company. According to data from MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.38.

Rollins Stock Performance

Shares of ROL opened at $56.69 on Tuesday. The company has a 50-day simple moving average of $56.23 and a 200-day simple moving average of $52.03. The company has a market capitalization of $27.48 billion, a PE ratio of 59.05 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, Inc. has a 52-week low of $45.34 and a 52-week high of $58.65.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) 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 business had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. During the same period in the prior year, the business earned $0.20 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

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

Insider Buying and Selling

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction that occurred on 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 transaction, the chairman now owns 662,727 shares of the company’s stock, valued at $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 the business’s stock in a transaction 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 sale, the insider now directly owns 38,028 shares of the company’s stock, 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 43,842 shares of company stock worth $2,480,861. 4.47% of the stock is owned by company insiders.

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.