Manning & Napier Advisors LLC Increases Stock Position in Rollins, Inc. (NYSE:ROL)

Manning & Napier Advisors LLC grew its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 372.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,267,167 shares of the business services provider's stock after acquiring an additional 999,112 shares during the period. Manning & Napier Advisors LLC owned about 0.26% of Rollins worth $68,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Rollins by 9.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock valued at $1,353,000 after acquiring an additional 2,574 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Rollins by 56.4% during the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock valued at $340,000 after acquiring an additional 2,254 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Rollins by 169.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider's stock valued at $123,000 after acquiring an additional 1,672 shares during the period. Pallas Capital Advisors LLC acquired a new stake in shares of Rollins during the 1st quarter valued at approximately $225,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Rollins during the 4th quarter valued at approximately $4,943,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction on 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 of the company's stock, valued at $2,093,388.40. The trade was a 4.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman John F. Wilson sold 40,000 shares of the business'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 sale, the chairman now directly owns 662,727 shares of the company's stock, valued at $37,623,011.79. This represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 43,842 shares of company stock valued at $2,480,861. Company insiders own 4.47% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ROL. 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 research report on Thursday, April 17th. The Goldman Sachs Group set a $61.00 price objective on Rollins and gave the stock a "buy" rating in a research report on Thursday, April 24th. Wells Fargo & Company lifted their price objective on Rollins from $62.00 to $63.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Finally, Canaccord Genuity Group lifted 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.56.

Rollins Trading Up 1.2%

ROL stock traded up $0.66 during midday trading on Monday, hitting $57.14. The stock had a trading volume of 1,299,542 shares, compared to its average volume of 1,757,789. The firm has a market cap of $27.69 billion, a PE ratio of 57.71 and a beta of 0.77. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $58.65. The company's 50-day moving average price is $56.53 and its 200 day moving average price is $52.26.

Rollins (NYSE:ROL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting the consensus estimate 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 net margin of 13.78% and a return on equity of 37.31%. Rollins's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 EPS. On average, equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently announced 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 of this dividend was Monday, May 12th. This represents a $0.66 annualized dividend and a yield of 1.16%. Rollins's payout ratio is currently 66.67%.

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.