Exchange Traded Concepts LLC Lowers Position in Rollins, Inc. (NYSE:ROL)

Exchange Traded Concepts LLC cut its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 68.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,498 shares of the business services provider's stock after selling 20,884 shares during the quarter. Exchange Traded Concepts LLC's holdings in Rollins were worth $513,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of Rollins by 17.6% during the 4th quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock worth $395,819,000 after purchasing an additional 1,282,508 shares during the period. Invesco Ltd. lifted its stake in Rollins by 16.9% during the 4th quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider's stock worth $197,778,000 after acquiring an additional 617,876 shares in the last quarter. Norges Bank acquired a new position in Rollins during the 4th quarter worth about $176,784,000. Northern Trust Corp lifted its stake in Rollins by 11.8% during the 4th quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock worth $141,221,000 after acquiring an additional 322,610 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Rollins by 389.2% during the 4th quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock worth $128,396,000 after acquiring an additional 2,203,859 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company increased their target price on Rollins from $62.00 to $63.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Royal Bank Of Canada increased their target price on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and increased their target price for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Finally, Barclays increased their target price on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $58.56.

Insider Buying and Selling

In related news, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction that occurred on 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 now owns 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of the business'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 sale, the chairman now owns 662,727 shares of the company's stock, 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 sold a total of 43,842 shares of company stock worth $2,480,861 over the last 90 days. 4.47% of the stock is owned by insiders.

Rollins Price Performance

ROL stock opened at $56.45 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81. The firm has a market capitalization of $27.36 billion, a P/E ratio of 57.02 and a beta of 0.77. The business's 50-day moving average is $56.53 and its two-hundred day moving average is $52.24. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $58.65.

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

Rollins Announces Dividend

The firm also recently announced 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 1.17%. The ex-dividend date of this dividend was Monday, May 12th. Rollins's payout ratio is 66.67%.

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.

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