Cambridge Investment Research Advisors Inc. Sells 45,204 Shares of Rollins, Inc. (NYSE:ROL)

Cambridge Investment Research Advisors Inc. reduced its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 43.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,580 shares of the business services provider's stock after selling 45,204 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Rollins were worth $3,219,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ROL. KFG Wealth Management LLC raised its stake in Rollins by 1.9% during the first quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider's stock worth $611,000 after acquiring an additional 211 shares in the last quarter. QRG Capital Management Inc. increased its position in Rollins by 3.2% during the 1st quarter. QRG Capital Management Inc. now owns 8,195 shares of the business services provider's stock worth $443,000 after purchasing an additional 251 shares in the last quarter. Keel Point LLC lifted its stake in Rollins by 5.1% in the 4th quarter. Keel Point LLC now owns 5,397 shares of the business services provider's stock valued at $250,000 after purchasing an additional 262 shares during the last quarter. Kensington Investment Counsel LLC boosted its position in Rollins by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider's stock valued at $1,767,000 after buying an additional 263 shares in the last quarter. Finally, New York Life Investment Management LLC grew its stake in shares of Rollins by 0.7% during the fourth quarter. New York Life Investment Management LLC now owns 37,794 shares of the business services provider's stock worth $1,752,000 after buying an additional 274 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ROL. Piper Sandler started coverage on Rollins in a report on Tuesday. They set an "overweight" rating and a $70.00 price objective on the stock. Wells Fargo & Company reiterated 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. Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. The Goldman Sachs Group set a $61.00 price objective on Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, Barclays lifted 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. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $59.90.

Rollins Trading Down 1.8%

NYSE:ROL traded down $1.02 on Wednesday, reaching $55.62. 550,745 shares of the stock traded hands, compared to its average volume of 1,949,218. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65. The company's 50 day moving average is $56.68 and its 200-day moving average is $52.61. The firm has a market capitalization of $26.96 billion, a price-to-earnings ratio of 56.18 and a beta of 0.75.

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

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were issued 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 yield of 1.19%. Rollins's payout ratio is currently 66.67%.

Insider Activity

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction that occurred 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 transaction, the chairman owned 662,727 shares in the company, valued at $37,623,011.79. The trade was a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,842 shares of company stock valued at $2,480,861. Corporate insiders own 4.47% of the company's stock.

Rollins 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.