Azzad Asset Management Inc. ADV Makes New Investment in Rollins, Inc. (NYSE:ROL)

Azzad Asset Management Inc. ADV acquired a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 50,897 shares of the business services provider's stock, valued at approximately $2,750,000.

Several other hedge funds also recently modified their holdings of ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rollins by 9.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock worth $1,353,000 after purchasing an additional 2,574 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Rollins by 169.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider's stock valued at $123,000 after acquiring an additional 1,672 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in Rollins during the 1st quarter valued at $225,000. Proficio Capital Partners LLC purchased a new position in Rollins during the 4th quarter worth $4,943,000. Finally, Royal London Asset Management Ltd. grew its stake in shares of Rollins by 15.3% in the 4th quarter. Royal London Asset Management Ltd. now owns 151,548 shares of the business services provider's stock worth $7,024,000 after acquiring an additional 20,156 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

Rollins Stock Performance

NYSE ROL traded up $0.24 during trading on Monday, hitting $57.12. 106,382 shares of the company's stock traded hands, compared to its average volume of 1,749,724. The stock has a market capitalization of $27.68 billion, a price-to-earnings ratio of 59.50 and a beta of 0.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The business has a 50 day moving average of $56.23 and a 200-day moving average of $52.03. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $58.65.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data 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. 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 analysts' expectations of $817.09 million. During the same quarter in the prior year, the firm posted $0.20 EPS. The firm's quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.16%. Rollins's dividend payout ratio (DPR) is presently 66.67%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. Canaccord Genuity Group boosted their target price on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, April 25th. Wells Fargo & Company increased their price target on Rollins from $62.00 to $63.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Finally, Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and upped their price objective for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $57.38.

Insiders Place Their Bets

In other news, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 38,028 shares of the company's stock, valued at approximately $2,150,103.12. This represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the sale, the chairman now directly owns 662,727 shares of the company's stock, valued at $37,623,011.79. The trade was a 5.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,842 shares of company stock valued at $2,480,861 in the last quarter. Corporate insiders own 4.47% of the company's stock.

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.