Oppenheimer Asset Management Inc. Sells 6,250 Shares of Rollins, Inc. (NYSE:ROL)

Oppenheimer Asset Management Inc. trimmed its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,534 shares of the business services provider's stock after selling 6,250 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Rollins were worth $9,484,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROL. Bank Pictet & Cie Europe AG boosted its position in shares of Rollins by 6.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider's stock valued at $3,061,000 after acquiring an additional 4,100 shares during the period. Ieq Capital LLC boosted its position in shares of Rollins by 154.2% in the fourth quarter. Ieq Capital LLC now owns 37,593 shares of the business services provider's stock valued at $1,742,000 after acquiring an additional 22,805 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Rollins by 18.6% in the fourth quarter. Handelsbanken Fonder AB now owns 65,241 shares of the business services provider's stock valued at $3,024,000 after acquiring an additional 10,217 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Rollins by 25.7% in the fourth quarter. First Horizon Advisors Inc. now owns 3,305 shares of the business services provider's stock valued at $153,000 after acquiring an additional 676 shares during the period. Finally, World Equity Group Inc. bought a new stake in shares of Rollins in the fourth quarter valued at about $246,000. 51.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the business's stock in a transaction dated 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 now owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $52.81, for a total value of $101,448.01. Following the completion of the transaction, the insider now directly owns 39,640 shares of the company's stock, valued at $2,093,388.40. This represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,842 shares of company stock valued at $2,480,861. 4.47% of the stock is currently owned by corporate insiders.

Rollins Stock Up 1.2%

Shares of NYSE ROL opened at $57.14 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. The company has a market cap of $27.69 billion, a price-to-earnings ratio of 57.71 and a beta of 0.77. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $58.65. The stock has a 50-day moving average price of $56.53 and a two-hundred day moving average price of $52.26.

Rollins (NYSE:ROL - Get Free Report) last issued 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 the consensus estimate of $817.09 million. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The business's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. As a group, analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, May 12th. Rollins's payout ratio is 66.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Rollins from $62.00 to $63.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and boosted their target price for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the stock a "buy" rating in a research report on Thursday, April 24th. Argus initiated coverage on shares of Rollins in a research report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price objective for the company. Finally, Canaccord Genuity Group upped their price objective on shares of Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Rollins has a consensus rating of "Moderate Buy" and a consensus target price of $58.56.

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.

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