Envestnet Asset Management Inc. Sells 8,087 Shares of Rollins, Inc. (NYSE:ROL)

Envestnet Asset Management Inc. lowered its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,219,158 shares of the business services provider's stock after selling 8,087 shares during the period. Envestnet Asset Management Inc. owned about 0.25% of Rollins worth $65,871,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in ROL. City Holding Co. bought a new position in shares of Rollins during the first quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Rollins during the 4th quarter valued at about $29,000. Mizuho Bank Ltd. bought a new position in Rollins during the 4th quarter worth approximately $37,000. CVA Family Office LLC increased its stake in Rollins by 73.0% in the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after purchasing an additional 340 shares during the period. Finally, Atala Financial Inc bought a new stake 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.

Rollins Stock Down 0.7%

Shares of NYSE:ROL opened at $55.22 on Friday. The firm has a market capitalization of $26.76 billion, a P/E ratio of 55.78 and a beta of 0.75. 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 stock has a 50 day moving average price of $56.66 and a 200-day moving average price of $53.04. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $58.65.

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 (EPS) for the quarter, hitting analysts' consensus estimates 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 the consensus estimate of $817.09 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ROL. Wells Fargo & Company restated an "overweight" rating and issued a $65.00 target price (up previously from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Barclays raised their price target on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and upped their price objective for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. UBS Group raised their target price on Rollins from $58.00 to $59.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Argus initiated coverage on Rollins in a research report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target for the company. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Rollins presently has an average rating of "Moderate Buy" and a consensus price target of $60.50.

Insider Transactions at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of Rollins 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 owned 662,727 shares in the company, valued at $37,623,011.79. The trade was a 5.69% decrease in their position. The disclosure for this sale can be found here. 4.47% of the stock is currently owned by corporate insiders.

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.

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