Dakota Wealth Management Buys Shares of 115,744 Rollins, Inc. (NYSE:ROL)

Dakota Wealth Management purchased a new position in Rollins, Inc. (NYSE:ROL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 115,744 shares of the business services provider's stock, valued at approximately $6,254,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 valued at $1,353,000 after acquiring an additional 2,574 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of 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 last quarter. Pallas Capital Advisors LLC acquired a new position in Rollins in the first quarter valued at about $225,000. Oppenheimer & Co. Inc. acquired a new position in Rollins in the first quarter valued at about $464,000. Finally, Proficio Capital Partners LLC acquired a new position in Rollins in the fourth quarter valued at about $4,943,000. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Stock Down 1.2%

Rollins stock traded down $0.69 during mid-day trading on Tuesday, hitting $55.05. The company had a trading volume of 1,760,749 shares, compared to its average volume of 1,757,752. The stock has a market cap of $26.68 billion, a price-to-earnings ratio of 55.61 and a beta of 0.75. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $58.65. 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 business has a fifty day moving average of $56.60 and a 200 day moving average of $53.21.

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, meeting the consensus estimate of $0.22. The business had revenue of $822.50 million during the quarter, compared to the consensus estimate of $817.09 million. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The company's revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. On average, sell-side analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, May 12th. Rollins's payout ratio is currently 66.67%.

Insider Activity at Rollins

In other news, 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 completion of the sale, the chairman directly owned 662,727 shares of the company's stock, valued at approximately $37,623,011.79. This represents a 5.69% 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 this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction 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 sale, the insider directly 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 disclosure for this sale can be found here. 4.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ROL has been the topic of a number of recent research reports. Royal Bank Of Canada boosted their price target on shares of Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Argus initiated coverage on shares of Rollins in a research note on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target on the stock. 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 note on Friday, April 4th. Canaccord Genuity Group upped their target price on shares of Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, April 25th. Finally, UBS Group upped their target price on shares of Rollins from $58.00 to $59.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $60.50.

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.