Rollins, Inc. (NYSE:ROL) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lessened its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 47.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 8,386 shares of the business services provider's stock after selling 7,722 shares during the period. OLD National Bancorp IN's holdings in Rollins were worth $453,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. KFG Wealth Management LLC increased its position in shares of Rollins by 1.9% during the first quarter. KFG Wealth Management LLC now owns 11,305 shares of the business services provider's stock valued at $611,000 after buying an additional 211 shares during the period. Keel Point LLC grew its holdings in shares of Rollins by 5.1% during the fourth quarter. Keel Point LLC now owns 5,397 shares of the business services provider's stock valued at $250,000 after buying an additional 262 shares during the last quarter. Kensington Investment Counsel LLC raised its position in Rollins by 0.7% in the 4th 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. New York Life Investment Management LLC lifted its holdings in shares of Rollins by 0.7% during the 4th quarter. New York Life Investment Management LLC now owns 37,794 shares of the business services provider's stock valued at $1,752,000 after buying an additional 274 shares during the period. Finally, Heritage Family Offices LLP increased its stake in shares of Rollins by 3.5% in the 1st quarter. Heritage Family Offices LLP now owns 8,392 shares of the business services provider's stock worth $453,000 after purchasing an additional 286 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Trading Up 0.5%

ROL traded up $0.27 during midday trading on Thursday, reaching $57.26. 615,566 shares of the company were exchanged, compared to its average volume of 1,748,159. The stock has a market capitalization of $27.75 billion, a P/E ratio of 59.65 and a beta of 0.77. Rollins, Inc. has a one year low of $45.34 and a one year high of $58.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The stock's 50-day simple moving average is $55.98 and its 200 day simple moving average is $51.94.

Rollins (NYSE:ROL - Get Free Report) last released its 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. The firm had revenue of $822.50 million during the quarter, compared to the consensus estimate of $817.09 million. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The company's revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. As a group, analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.15%. The ex-dividend date was Monday, May 12th. Rollins's dividend payout ratio (DPR) is currently 66.67%.

Insider Activity

In related news, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the transaction, the insider now directly owns 38,028 shares of the company's stock, valued at $2,150,103.12. This trade represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,842 shares of company stock worth $2,480,861 in the last three months. Corporate insiders own 4.47% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ROL shares. Royal Bank of Canada raised their target price on shares of Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Wells Fargo & Company raised their target price on shares of Rollins from $62.00 to $63.00 and gave the stock an "overweight" rating in a research note on Wednesday. Morgan Stanley boosted their target price on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Finally, Barclays lifted their price target on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Friday, April 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Rollins currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.38.

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.