IFP Advisors Inc Grows Stock Position in Rollins, Inc. $ROL

IFP Advisors Inc raised its holdings in Rollins, Inc. (NYSE:ROL) by 92.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,058 shares of the business services provider’s stock after buying an additional 4,362 shares during the quarter. IFP Advisors Inc’s holdings in Rollins were worth $511,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GW&K Investment Management LLC raised its stake in Rollins by 961.4% in the first quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock valued at $33,000 after buying an additional 548 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock valued at $47,000 after buying an additional 375 shares during the last quarter. National Pension Service raised its stake in Rollins by 75.0% in the first quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock valued at $58,000 after buying an additional 462 shares during the last quarter. HM Payson & Co. acquired a new position in shares of Rollins in the first quarter valued at about $63,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Rollins in the second quarter valued at about $77,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ROL shares. Argus started coverage on Rollins in a report on Wednesday, June 18th. They issued a “buy” rating and a $68.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Rollins in a report on Friday, September 26th. They issued an “overweight” rating and a $70.00 price objective on the stock. Zacks Research lowered Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Barclays increased their price objective on Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Finally, UBS Group increased their price objective on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Rollins has an average rating of “Moderate Buy” and an average target price of $62.18.

Rollins Stock Performance

Shares of ROL stock opened at $56.94 on Wednesday. The company has a market capitalization of $27.59 billion, a P/E ratio of 56.37 and a beta of 0.69. The business’s 50 day moving average is $57.22 and its two-hundred day moving average is $56.48. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $59.12.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.Rollins’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 earnings per share. Analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 11th were given a dividend of $0.165 per share. The ex-dividend date was Monday, August 11th. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. Rollins’s dividend payout ratio is currently 65.35%.

Insider Transactions at Rollins

In other Rollins news, Chairman John F. Wilson sold 30,000 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the transaction, the chairman owned 632,727 shares in the company, valued at approximately $36,723,475.08. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.47% of the company’s stock.

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.