Rollins, Inc. (NYSE:ROL) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 3.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 203,883 shares of the business services provider's stock after selling 7,226 shares during the quarter. Janney Montgomery Scott LLC's holdings in Rollins were worth $11,016,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of ROL. Empowered Funds LLC increased its holdings in Rollins by 19.7% during the 4th quarter. Empowered Funds LLC now owns 5,509 shares of the business services provider's stock worth $255,000 after purchasing an additional 905 shares during the period. Bank Pictet & Cie Europe AG grew its position in shares of Rollins by 6.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider's stock worth $3,061,000 after buying an additional 4,100 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Rollins by 4.8% during the fourth quarter. CIBC Asset Management Inc now owns 49,185 shares of the business services provider's stock worth $2,280,000 after buying an additional 2,246 shares during the period. Truist Financial Corp raised its holdings in Rollins by 1.9% in the fourth quarter. Truist Financial Corp now owns 386,267 shares of the business services provider's stock valued at $17,903,000 after acquiring an additional 7,182 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in Rollins in the fourth quarter valued at approximately $3,055,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Performance

NYSE ROL traded up $0.37 during trading hours on Friday, hitting $56.45. The company had a trading volume of 3,411,745 shares, compared to its average volume of 1,763,605. The business has a 50 day moving average of $56.51 and a 200-day moving average of $52.17. The company has a market cap of $27.36 billion, a PE ratio of 57.02 and a beta of 0.77. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.81 and a current ratio of 0.87.

Rollins (NYSE:ROL - Get Free Report) last announced its 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 firm had revenue of $822.50 million during the quarter, compared to analysts' expectations of $817.09 million. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The business's revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. As a group, equities research analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Monday, May 12th. Rollins's payout ratio is currently 66.67%.

Insider Buying and Selling at Rollins

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the company's stock in a transaction 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 now owns 662,727 shares in the company, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins 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. The trade was a 4.62% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,842 shares of company stock worth $2,480,861. 4.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on ROL shares. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and boosted their target price for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. Royal Bank Of Canada raised their price target on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Finally, Argus started coverage on Rollins in a report on Wednesday. They issued a "buy" rating and a $68.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $58.56.

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.