Florida Financial Advisors LLC Invests $527,000 in Rollins, Inc. (NYSE:ROL)

Florida Financial Advisors LLC bought a new position in Rollins, Inc. (NYSE:ROL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,739 shares of the business services provider's stock, valued at approximately $527,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ROL. Bleakley Financial Group LLC lifted its stake in shares of Rollins by 967.7% in the 1st quarter. Bleakley Financial Group LLC now owns 93,363 shares of the business services provider's stock worth $5,044,000 after acquiring an additional 84,619 shares during the period. Marks Group Wealth Management Inc lifted its stake in shares of Rollins by 3.2% in the 1st quarter. Marks Group Wealth Management Inc now owns 29,836 shares of the business services provider's stock worth $1,612,000 after acquiring an additional 912 shares during the period. Pittenger & Anderson Inc. lifted its stake in shares of Rollins by 1.7% in the 1st quarter. Pittenger & Anderson Inc. now owns 13,135 shares of the business services provider's stock worth $710,000 after acquiring an additional 214 shares during the period. Ballentine Partners LLC lifted its stake in shares of Rollins by 3.7% in the 1st quarter. Ballentine Partners LLC now owns 8,017 shares of the business services provider's stock worth $433,000 after acquiring an additional 288 shares during the period. Finally, Freedom Day Solutions LLC lifted its stake in shares of Rollins by 5.2% in the 1st quarter. Freedom Day Solutions LLC now owns 46,965 shares of the business services provider's stock worth $2,538,000 after acquiring an additional 2,335 shares during the period. Institutional investors own 51.79% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on ROL shares. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Piper Sandler started coverage on shares of Rollins in a research note on Tuesday, July 1st. They set an "overweight" rating and a $70.00 target price for the company. Wells Fargo & Company reissued an "overweight" rating and set a $65.00 target price (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Canaccord Genuity Group increased their target price on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, April 25th. Finally, UBS Group increased their target price on shares of Rollins from $58.00 to $59.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.50.

Rollins Trading Down 1.2%

Shares of ROL stock traded down $0.69 during trading hours on Tuesday, reaching $55.05. 1,760,749 shares of the stock traded hands, compared to its average volume of 1,757,752. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65. The business has a fifty day moving average price of $56.60 and a 200 day moving average price of $53.21. 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 firm has a market capitalization of $26.68 billion, a PE ratio of 55.61 and a beta of 0.75.

Rollins (NYSE:ROL - Get Free Report) last released 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. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The business had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The firm's revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

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

Insider Activity at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the company'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 value of $108,613.34. Following the transaction, the insider owned 38,028 shares in the company, valued at approximately $2,150,103.12. This represents a 4.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 currently owned by corporate insiders.

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.