Buckhead Capital Management LLC Purchases 32,034 Shares of Rollins, Inc. (NYSE:ROL)

Buckhead Capital Management LLC boosted its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 244.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,146 shares of the business services provider's stock after buying an additional 32,034 shares during the quarter. Buckhead Capital Management LLC's holdings in Rollins were worth $2,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROL. Norges Bank bought a new stake in Rollins during the 4th quarter valued at $176,784,000. Marshall Wace LLP raised its holdings in 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 buying an additional 2,203,859 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Rollins during the 4th quarter valued at $81,747,000. Geode Capital Management LLC raised its holdings in Rollins by 17.6% during the 4th 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 last quarter. Finally, BLI Banque de Luxembourg Investments bought a new stake in Rollins during the 4th quarter valued at $50,161,000. 51.79% of the stock is currently owned by institutional investors.

Insider Activity at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the firm'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 approximately $2,150,103.12. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chairman owned 662,727 shares in the company, valued at approximately $37,623,011.79. The trade was a 5.69% decrease in their position. The disclosure for this sale can be found here. 4.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ROL has been the subject of several research reports. Canaccord Genuity Group upped their price objective on shares of Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, April 25th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $65.00 target price (up from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the stock a "buy" rating in a research report on Thursday, April 24th. Barclays upped their target price on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Friday, April 4th. Finally, Piper Sandler began coverage on shares of Rollins in a research report on Tuesday, July 1st. They issued an "overweight" rating and a $70.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $60.50.

Rollins Stock Performance

Shares of NYSE ROL traded down $0.04 during trading on Tuesday, reaching $55.37. 473,736 shares of the company traded hands, compared to its average volume of 1,891,506. The firm has a 50 day simple moving average of $56.54 and a 200-day simple moving average of $53.52. 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 market capitalization of $26.83 billion, a PE ratio of 55.92 and a beta of 0.75. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $58.65.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. The firm had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The business's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 EPS. Equities research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

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.