Bessemer Group Inc. Has $1.18 Million Stock Holdings in Rollins, Inc. (NYSE:ROL)

Bessemer Group Inc. lowered its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 75.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,800 shares of the business services provider's stock after selling 66,217 shares during the quarter. Bessemer Group Inc.'s holdings in Rollins were worth $1,178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Rollins by 9.7% during the 4th 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. Farther Finance Advisors LLC boosted its holdings in Rollins by 56.4% during the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock valued at $340,000 after acquiring an additional 2,254 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Rollins by 169.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider's stock valued at $123,000 after purchasing an additional 1,672 shares in the last quarter. Pallas Capital Advisors LLC acquired a new position in shares of Rollins in the first quarter worth $225,000. Finally, Proficio Capital Partners LLC purchased a new position in Rollins in the fourth quarter valued at $4,943,000. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Stock Up 0.4%

Shares of NYSE ROL traded up $0.25 during midday trading on Tuesday, reaching $56.67. 1,896,974 shares of the company's stock were exchanged, compared to its average volume of 1,763,051. The business's fifty day moving average price is $56.68 and its two-hundred day moving average price is $52.61. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $58.65. The stock has a market capitalization of $27.47 billion, a PE ratio of 57.24 and a beta of 0.75. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.81 and a current ratio of 0.87.

Rollins (NYSE:ROL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting 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 net margin of 13.78% and a return on equity of 37.31%. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Monday, May 12th. Rollins's payout ratio is currently 66.67%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ROL. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $65.00 target price (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Royal Bank Of Canada increased their price target on shares of Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the company a "buy" rating in a research report on Thursday, April 24th. 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.90.

Insider Activity

In other news, insider Thomas D. Tesh sold 1,921 shares of the business'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 sale, the insider owned 38,028 shares in the company, valued at $2,150,103.12. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the sale, the chairman directly owned 662,727 shares in the company, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,842 shares of company stock valued at $2,480,861. 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.