Creekmur Asset Management LLC Invests $896,000 in Rollins, Inc. (NYSE:ROL)

Creekmur Asset Management LLC purchased a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 16,590 shares of the business services provider's stock, valued at approximately $896,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Rollins in the fourth quarter valued at about $176,784,000. Marshall Wace LLP boosted its holdings in shares of Rollins by 389.2% in 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 acquiring an additional 2,203,859 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Rollins during the fourth quarter worth about $81,747,000. Geode Capital Management LLC boosted its holdings 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 worth $395,819,000 after buying an additional 1,282,508 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments purchased a new stake in Rollins during the fourth quarter worth about $50,161,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the company a "buy" rating in a report on Thursday, April 24th. Wall Street Zen raised shares of Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Royal Bank Of Canada upped their price target on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and upped their price target for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Finally, Piper Sandler initiated coverage on shares of Rollins in a report on Tuesday, July 1st. They issued an "overweight" rating and a $70.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $60.50.

Rollins Stock Up 0.1%

ROL traded up $0.04 during trading hours on Friday, reaching $55.81. 1,416,402 shares of the stock traded hands, compared to its average volume of 1,759,699. The firm's fifty day simple moving average is $56.54 and its two-hundred day simple moving average is $53.36. The company has a market cap of $27.05 billion, a price-to-earnings ratio of 56.37 and a beta of 0.75. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $58.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81.

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

Rollins Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.18%. Rollins's payout ratio is currently 66.67%.

Insider Transactions at Rollins

In related news, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the sale, the chairman owned 662,727 shares of the company's stock, valued at $37,623,011.79. This trade represents a 5.69% 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, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the sale, the insider directly 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 disclosure for this sale can be found here. Company 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.