Apollon Wealth Management LLC Has $5.80 Million Stock Position in Rollins, Inc. (NYSE:ROL)

Apollon Wealth Management LLC increased its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 284.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,406 shares of the business services provider's stock after purchasing an additional 79,433 shares during the period. Apollon Wealth Management LLC's holdings in Rollins were worth $5,803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Florida Financial Advisors LLC acquired a new position in Rollins in the 1st quarter worth $527,000. Bleakley Financial Group LLC boosted its stake in Rollins by 967.7% in the 1st quarter. Bleakley Financial Group LLC now owns 93,363 shares of the business services provider's stock worth $5,044,000 after purchasing an additional 84,619 shares during the period. Marks Group Wealth Management Inc boosted its stake in Rollins by 3.2% in the 1st quarter. Marks Group Wealth Management Inc now owns 29,836 shares of the business services provider's stock worth $1,612,000 after purchasing an additional 912 shares during the period. Pittenger & Anderson Inc. boosted its stake in Rollins by 1.7% in the 1st quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider's stock worth $710,000 after purchasing an additional 214 shares during the period. Finally, Ballentine Partners LLC boosted its stake in Rollins by 3.7% in the 1st quarter. Ballentine Partners LLC now owns 8,017 shares of the business services provider's stock worth $433,000 after purchasing an additional 288 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Rollins

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the sale, the chairman owned 662,727 shares in the company, valued at $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas D. Tesh sold 1,921 shares of the firm's 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 sale, the insider owned 38,028 shares in the company, valued at $2,150,103.12. This represents a 4.81% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.47% of the company's stock.

Rollins Stock Performance

Shares of NYSE:ROL traded up $0.15 on Thursday, reaching $55.81. 1,511,606 shares of the company's stock were exchanged, compared to its average volume of 1,755,442. The company has a fifty day moving average of $56.58 and a 200-day moving average of $53.23. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $58.65. The company has a market capitalization of $27.05 billion, a price-to-earnings ratio of 56.37 and a beta of 0.75. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. The firm had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The business's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 EPS. On average, research analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.18%. Rollins's dividend payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

ROL has been the topic of several analyst reports. Wells Fargo & Company reissued an "overweight" rating and set a $65.00 price target (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Royal Bank Of Canada boosted 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. Canaccord Genuity Group boosted 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. Piper Sandler initiated coverage on shares of Rollins in a research report on Tuesday, July 1st. They set an "overweight" rating and a $70.00 price target on the stock. Finally, 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. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $60.50.

Rollins 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.