J.W. Cole Advisors Inc. Acquires Shares of 110,198 Rollins, Inc. (NYSE:ROL)

J.W. Cole Advisors Inc. purchased a new stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 110,198 shares of the business services provider's stock, valued at approximately $5,954,000.

Several other hedge funds have also modified their holdings of ROL. City Holding Co. acquired a new position in Rollins in the 1st quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Rollins during the 4th quarter worth approximately $29,000. Mizuho Bank Ltd. acquired a new stake in shares of Rollins during the 4th quarter worth approximately $37,000. CVA Family Office LLC grew its stake in shares of Rollins by 73.0% during 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, Colonial Trust Co SC grew its stake in shares of Rollins by 61.3% during the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock worth $50,000 after purchasing an additional 411 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

Shares of ROL traded up $0.17 during midday trading on Tuesday, reaching $55.57. The stock had a trading volume of 1,628,632 shares, compared to its average volume of 1,757,555. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $58.65. 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's 50 day moving average price is $56.54 and its 200-day moving average price is $53.52. The company has a market capitalization of $26.93 billion, a P/E ratio of 56.13 and a beta of 0.75.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $817.09 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. Rollins's revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 11th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.19%. Rollins's dividend payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ROL. Argus started coverage on Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target on the stock. Canaccord Genuity Group boosted their price objective on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, April 25th. Royal Bank Of Canada boosted 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. The Goldman Sachs Group set a $61.00 price objective on Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $60.50.

Insider Activity at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the company'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 value of $108,613.34. Following the sale, the insider directly 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 document filed with the SEC, which is accessible through this link. Also, Chairman John F. Wilson sold 40,000 shares of the 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 owned 662,727 shares in the company, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.47% of the company's stock.

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.