Sequoia Financial Advisors LLC Purchases 11,393 Shares of Rollins, Inc. $ROL

Sequoia Financial Advisors LLC boosted its position in Rollins, Inc. (NYSE:ROLFree Report) by 237.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,182 shares of the business services provider’s stock after purchasing an additional 11,393 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Rollins were worth $971,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its holdings in Rollins by 1.2% in the third quarter. Fifth Third Bancorp now owns 18,874 shares of the business services provider’s stock worth $1,109,000 after purchasing an additional 222 shares in the last quarter. Keel Point LLC increased its stake in shares of Rollins by 5.4% during the second quarter. Keel Point LLC now owns 4,646 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 238 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Rollins by 3.4% during the third quarter. Brown Brothers Harriman & Co. now owns 7,242 shares of the business services provider’s stock valued at $425,000 after purchasing an additional 238 shares in the last quarter. Greenleaf Trust increased its stake in shares of Rollins by 1.9% during the fourth quarter. Greenleaf Trust now owns 12,812 shares of the business services provider’s stock valued at $769,000 after purchasing an additional 239 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of Rollins by 18.4% during the fourth quarter. Assetmark Inc. now owns 1,562 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 243 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ROL has been the subject of a number of analyst reports. Loop Capital initiated coverage on shares of Rollins in a research note on Monday, April 13th. They set a “hold” rating and a $56.00 target price for the company. Canaccord Genuity Group set a $51.00 target price on shares of Rollins and gave the company a “hold” rating in a research note on Friday, April 24th. UBS Group raised their target price on shares of Rollins from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Morgan Stanley set a $70.00 target price on shares of Rollins in a research note on Friday, February 13th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $67.00 target price on shares of Rollins in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.27.

View Our Latest Report on ROL

Rollins Price Performance

Shares of ROL opened at $52.79 on Thursday. The company has a market capitalization of $25.42 billion, a P/E ratio of 48.43, a price-to-earnings-growth ratio of 3.26 and a beta of 0.79. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $54.85 and a 200 day moving average of $58.50. Rollins, Inc. has a twelve month low of $51.95 and a twelve month high of $66.14.

Rollins (NYSE:ROLGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $906.42 million during the quarter, compared to the consensus estimate of $895.17 million. Rollins had a net margin of 13.77% and a return on equity of 38.37%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 earnings per share. As a group, equities research analysts anticipate that Rollins, Inc. will post 1.24 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 11th will be given a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.73 annualized dividend and a dividend yield of 1.4%. Rollins’s dividend payout ratio (DPR) is 66.97%.

Insider Buying and Selling at Rollins

In related news, insider Elizabeth B. Chandler sold 14,201 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $59.36, for a total transaction of $842,971.36. Following the completion of the sale, the insider owned 55,977 shares of the company’s stock, valued at $3,322,794.72. This trade represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.77% of the stock is owned by company insiders.

Rollins Profile

(Free Report)

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.

See Also

Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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