DekaBank Deutsche Girozentrale Buys 11,821 Shares of Rollins, Inc. (NYSE:ROL)

DekaBank Deutsche Girozentrale boosted its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 3.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 368,521 shares of the business services provider's stock after acquiring an additional 11,821 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.08% of Rollins worth $19,344,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ROL. City Holding Co. purchased a new stake in shares of Rollins in the first quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Rollins in the fourth quarter valued at approximately $29,000. Mizuho Bank Ltd. purchased a new stake in shares of Rollins in the fourth quarter valued at approximately $37,000. CVA Family Office LLC lifted its holdings in Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after acquiring an additional 340 shares during the last quarter. Finally, Atala Financial Inc acquired a new position in Rollins in the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 51.79% of the company's stock.

Insiders Place Their Bets

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

Rollins Stock Performance

Shares of ROL traded down $0.40 during mid-day trading on Friday, hitting $55.22. 1,427,732 shares of the company's stock were exchanged, compared to its average volume of 1,762,290. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $26.76 billion, a P/E ratio of 55.78 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 business's 50 day moving average is $56.66 and its two-hundred day moving average is $53.13.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. The business 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%. The company's revenue was up 9.9% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. On average, equities analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were issued 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 1.20%. Rollins's dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays upped their price objective on Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the stock a "buy" rating in a research note on Thursday, April 24th. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and upped their price target for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. Argus assumed coverage on Rollins in a research note on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target on the stock. Finally, Royal Bank Of Canada upped their price objective on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.50.

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.