KBC Group NV Sells 40,713 Shares of Rollins, Inc. (NYSE:ROL)

KBC Group NV trimmed its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 16.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,369 shares of the business services provider's stock after selling 40,713 shares during the quarter. KBC Group NV's holdings in Rollins were worth $11,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. KFG Wealth Management LLC boosted its stake in shares of Rollins by 1.9% during the 1st quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider's stock worth $611,000 after acquiring an additional 211 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Rollins by 3.2% during the first quarter. QRG Capital Management Inc. now owns 8,195 shares of the business services provider's stock valued at $443,000 after purchasing an additional 251 shares during the last quarter. Keel Point LLC raised its position in shares of Rollins by 5.1% in the fourth quarter. Keel Point LLC now owns 5,397 shares of the business services provider's stock valued at $250,000 after purchasing an additional 262 shares during the period. Kensington Investment Counsel LLC lifted its stake in shares of Rollins by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider's stock worth $1,767,000 after buying an additional 263 shares during the last quarter. Finally, Heritage Family Offices LLP boosted its holdings in shares of Rollins by 3.5% during the 1st quarter. Heritage Family Offices LLP now owns 8,392 shares of the business services provider's stock worth $453,000 after buying an additional 286 shares during the period. 51.79% of the stock is owned by institutional investors.

Rollins Trading Up 0.9%

NYSE ROL traded up $0.51 during trading on Thursday, reaching $56.15. 176,921 shares of the stock traded hands, compared to its average volume of 1,757,957. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $58.65. 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 cap of $27.22 billion, a price-to-earnings ratio of 56.63 and a beta of 0.75. The stock's 50-day moving average price is $56.70 and its 200 day moving average price is $52.63.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The firm's revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. Analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were given a $0.165 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.18%. Rollins's dividend payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ROL shares. Barclays upped their price target 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. Argus started coverage on Rollins in a research report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target on the stock. 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. Royal Bank Of Canada lifted their price objective on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Finally, Wall Street Zen raised shares of Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $59.90.

Insider Buying and Selling

In related news, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction 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 sale, the insider directly owned 38,028 shares of the company's stock, valued at approximately $2,150,103.12. The trade was a 4.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman John F. Wilson sold 40,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was 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 directly owned 662,727 shares of the company's stock, valued at approximately $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 three months, insiders have sold 43,842 shares of company stock valued at $2,480,861. 4.47% of the stock is owned by company insiders.

About Rollins

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.