GAMMA Investing LLC Grows Position in Rollins, Inc. (NYSE:ROL)

GAMMA Investing LLC boosted its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 6,465.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 525,658 shares of the business services provider's stock after buying an additional 517,651 shares during the quarter. GAMMA Investing LLC owned approximately 0.11% of Rollins worth $28,401,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in shares of Rollins by 406.2% during the 1st quarter. Versant Capital Management Inc now owns 4,505 shares of the business services provider's stock worth $243,000 after acquiring an additional 3,615 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in Rollins by 10.9% in the 1st quarter. Central Pacific Bank Trust Division now owns 20,290 shares of the business services provider's stock worth $1,096,000 after purchasing an additional 1,995 shares during the period. Kera Capital Partners Inc. acquired a new position in Rollins in the 1st quarter worth about $222,000. Centaurus Financial Inc. purchased a new position in Rollins during the fourth quarter worth approximately $128,000. Finally, Cim LLC grew its holdings in Rollins by 1.7% in the fourth quarter. Cim LLC now owns 26,493 shares of the business services provider's stock valued at $1,228,000 after purchasing an additional 442 shares during the period. Institutional investors and hedge funds own 51.79% of the company's stock.

Insider Activity at Rollins

In related news, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $52.81, for a total transaction of $101,448.01. Following the completion of the sale, the insider now directly owns 39,640 shares in the company, valued at approximately $2,093,388.40. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John F. Wilson sold 40,000 shares of the business's stock in a transaction dated 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 now owns 662,727 shares in the company, valued at $37,623,011.79. The trade was a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,763 shares of company stock valued at $2,580,331. 4.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Royal Bank of Canada upped 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 shares of Rollins from a "hold" rating to a "buy" rating and boosted their price target for the stock from $55.00 to $65.00 in a report on Monday. Barclays increased their price objective on shares of Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Morgan Stanley lifted their target price on shares of Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group upped their price target on shares of Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $56.75.

Rollins Price Performance

Shares of Rollins stock traded down $0.06 during trading hours on Friday, reaching $57.78. 887,462 shares of the company's stock were exchanged, compared to its average volume of 1,744,779. The business has a fifty day moving average of $55.75 and a two-hundred day moving average of $51.74. The company has a market capitalization of $28.00 billion, a P/E ratio of 60.18 and a beta of 0.77. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. 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 announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $822.50 million during the quarter, compared to analysts' expectations of $817.09 million. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Rollins's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 EPS. As a group, research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 12th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.14%. Rollins's dividend payout ratio is presently 66.67%.

Rollins Company 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.