Axxcess Wealth Management LLC Sells 5,264 Shares of Rollins, Inc. $ROL

Key Points

• Axxcess Wealth Management LLC reduced its stake in Rollins, Inc. by 22.2%, selling 5,264 shares to hold a total of 18,419 shares worth approximately $1,039,000 at the latest reporting period.
• Chairman John F. Wilson sold 30,000 shares of Rollins stock for about $1.74 million, resulting in a 4.53% decrease in his ownership of the company.
• Rollins recently reported a quarterly earnings per share (EPS) of $0.30, surpassing analyst expectations, with a revenue increase of 12.1% year-over-year to $999.53 million.

Axxcess Wealth Management LLC decreased its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 22.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,419 shares of the business services provider's stock after selling 5,264 shares during the quarter. Axxcess Wealth Management LLC's holdings in Rollins were worth $1,039,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Security Financial Services INC. raised its holdings in shares of Rollins by 3.2% during the first quarter. Security Financial Services INC. now owns 5,711 shares of the business services provider's stock valued at $309,000 after purchasing an additional 178 shares during the period. Red Spruce Capital LLC raised its holdings in shares of Rollins by 1.2% in the 2nd quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider's stock worth $896,000 after acquiring an additional 182 shares during the last quarter. Pittenger & Anderson Inc. raised its holdings in shares of 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 acquiring an additional 214 shares during the last quarter. Horizon Investments LLC raised its holdings in shares of Rollins by 5.8% in the 1st quarter. Horizon Investments LLC now owns 4,067 shares of the business services provider's stock worth $219,000 after acquiring an additional 224 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of Rollins by 2.8% in the 2nd quarter. Ballentine Partners LLC now owns 8,242 shares of the business services provider's stock worth $465,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 51.79% of the company's stock.

Insider Activity

In other news, Chairman John F. Wilson sold 30,000 shares of the firm's stock in a transaction 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 completion of the sale, the chairman directly owned 632,727 shares of the company's stock, valued at $36,723,475.08. This trade represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.47% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ROL. Barclays upped their target price on shares of Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Wells Fargo & Company restated an "overweight" rating and issued a $65.00 target price (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Zacks Research lowered shares of Rollins from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. UBS Group upped their target price on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Rollins in a report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Rollins has a consensus rating of "Moderate Buy" and an average target price of $62.18.

Rollins Trading Down 1.4%

Shares of Rollins stock opened at $55.21 on Friday. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.12. The firm has a market cap of $26.76 billion, a PE ratio of 54.66 and a beta of 0.69. The stock has a fifty day moving average price of $57.10 and a 200-day moving average price of $56.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The firm had revenue of $999.53 million during the quarter, compared to analyst estimates of $988.77 million. During the same period last year, the firm posted $0.27 EPS. The business's revenue was up 12.1% compared to the same quarter last year. Equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. Rollins's dividend payout ratio (DPR) is currently 65.35%.

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.

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