D.A. Davidson & CO. lifted its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 10.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,830 shares of the business services provider's stock after acquiring an additional 6,928 shares during the quarter. D.A. Davidson & CO.'s holdings in Rollins were worth $3,935,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. City Holding Co. acquired a new position in Rollins during the first quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new position in Rollins during the fourth quarter worth approximately $29,000. Mizuho Bank Ltd. acquired a new position in Rollins during the fourth quarter worth approximately $37,000. CVA Family Office LLC increased its position in Rollins by 73.0% during the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after buying an additional 340 shares during the last quarter. Finally, Atala Financial Inc acquired a new position in Rollins during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 51.79% of the company's stock.
Rollins Price Performance
Shares of ROL stock traded up $0.80 during trading on Friday, hitting $56.44. The company had a trading volume of 690,184 shares, compared to its average volume of 1,763,066. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.81 and a current ratio of 0.87. The firm has a market capitalization of $27.35 billion, a P/E ratio of 57.01 and a beta of 0.75. The stock's 50-day moving average price is $56.74 and its 200 day moving average price is $52.78. Rollins, Inc. has a one year low of $45.34 and a one year high of $58.65.
Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The business had revenue of $822.50 million during the quarter, compared to analysts' expectations of $817.09 million. During the same period in the previous year, the company posted $0.20 earnings per share. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts expect that Rollins, Inc. will post 1.09 EPS 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 issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.17%. Rollins's dividend payout ratio (DPR) is presently 66.67%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on ROL. Canaccord Genuity Group boosted their price objective on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, April 25th. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Piper Sandler began coverage on Rollins in a report on Tuesday, July 1st. They set an "overweight" rating and a $70.00 price objective for the company. Argus began coverage on Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price objective for the company. Finally, Barclays boosted their price objective on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. Four 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 a consensus rating of "Moderate Buy" and an average price target of $59.90.
View Our Latest Stock Report on ROL
Insider Buying and Selling at Rollins
In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $2,150,103.12. This represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chairman directly 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. Insiders have sold 43,842 shares of company stock valued at $2,480,861 over the last quarter. Company insiders own 4.47% of the company's stock.
Rollins Profile
(
Free Report)
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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