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

Bank of New York Mellon Corp lowered its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,177,624 shares of the business services provider's stock after selling 54,761 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.45% of Rollins worth $117,657,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Rollins by 17.6% during the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock valued at $395,819,000 after buying an additional 1,282,508 shares during the period. Invesco Ltd. lifted its holdings in Rollins by 16.9% during the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider's stock valued at $197,778,000 after purchasing an additional 617,876 shares during the last quarter. Norges Bank purchased a new stake in Rollins during the fourth quarter valued at about $176,784,000. Northern Trust Corp lifted its holdings in Rollins by 11.8% during the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock valued at $141,221,000 after purchasing an additional 322,610 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Rollins by 389.2% during the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock valued at $128,396,000 after purchasing an additional 2,203,859 shares during the last quarter. Institutional investors own 51.79% of the company's stock.

Insider Activity

In other news, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the transaction, the insider owned 38,028 shares of the company's stock, valued at $2,150,103.12. The trade was a 4.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. 4.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays upped their price objective on shares of Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Canaccord Genuity Group raised their target price on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, April 25th. Royal Bank Of Canada raised their target price on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. UBS Group increased their price target on shares of Rollins from $58.00 to $59.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Argus initiated coverage on shares of Rollins in a report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 target price on the stock. Four equities 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 company has an average rating of "Moderate Buy" and a consensus target price of $60.50.

Rollins Stock Performance

Shares of Rollins stock opened at $55.79 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $27.04 billion, a P/E ratio of 56.35 and a beta of 0.75. The business has a fifty day simple moving average of $56.73 and a two-hundred day simple moving average of $52.90. 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 posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $822.50 million during the quarter, compared to analyst estimates of $817.09 million. Rollins had a return on equity of 37.31% and a net margin of 13.78%. Rollins's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS. On average, equities analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

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

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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