Bank of New York Mellon Corp Sells 54,761 Shares of Rollins, Inc. (NYSE:ROL)

Bank of New York Mellon Corp trimmed its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,177,624 shares of the business services provider's stock after selling 54,761 shares during the period. Bank of New York Mellon Corp owned about 0.45% of Rollins worth $117,657,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in Rollins by 17.6% in the 4th quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock worth $395,819,000 after purchasing an additional 1,282,508 shares during the last quarter. Invesco Ltd. grew its position in Rollins by 16.9% in the 4th quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider's stock worth $197,778,000 after purchasing an additional 617,876 shares during the last quarter. Norges Bank acquired a new stake in Rollins in the 4th quarter worth $176,784,000. Northern Trust Corp lifted its holdings in shares of Rollins by 11.8% during the 4th quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock worth $141,221,000 after acquiring an additional 322,610 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Rollins by 389.2% during the 4th quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock valued at $128,396,000 after acquiring an additional 2,203,859 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the transaction, the insider directly owned 38,028 shares of the company's stock, valued at approximately $2,150,103.12. The trade was 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 business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the transaction, the chairman directly owned 662,727 shares of the company's stock, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.47% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research report on Friday, April 4th. Canaccord Genuity Group lifted their target price on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, April 25th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and lifted their target price for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Argus assumed coverage on shares of Rollins in a research report on Wednesday, June 18th. They set a "buy" rating and a $68.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $60.50.

Rollins Price Performance

NYSE:ROL traded down $0.38 on Friday, reaching $55.24. The stock had a trading volume of 406,827 shares, compared to its average volume of 1,916,369. The company has a market capitalization of $26.77 billion, a P/E ratio of 55.80 and a beta of 0.75. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $56.70 and a 200-day moving average price of $52.92.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting 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 company's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. Research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Monday, May 12th. Rollins's dividend payout ratio is presently 66.67%.

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.