Oppenheimer & Co. Inc. Makes New Investment in Rollins, Inc. (NYSE:ROL)

Oppenheimer & Co. Inc. purchased a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,591 shares of the business services provider's stock, valued at approximately $464,000.

Several other hedge funds also recently added to or reduced their stakes in ROL. City Holding Co. purchased a new stake in shares of Rollins in the 1st quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Rollins in the fourth quarter valued at approximately $29,000. Mizuho Bank Ltd. purchased a new stake in Rollins in the fourth quarter valued at approximately $37,000. CVA Family Office LLC boosted its holdings in shares of Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after acquiring an additional 340 shares during the period. Finally, Atala Financial Inc purchased a new position in shares of Rollins during the fourth quarter worth approximately $47,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction 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 completion of the transaction, the insider owned 38,028 shares in the company, valued at $2,150,103.12. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction 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 transaction, the chairman directly owned 662,727 shares of the company's stock, valued at $37,623,011.79. This trade represents a 5.69% decrease in their position. 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. 4.47% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on ROL shares. Royal Bank Of Canada upped their price target on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Piper Sandler began coverage on shares of Rollins in a report on Tuesday. They issued an "overweight" rating and a $70.00 target price for the company. Wall Street Zen upgraded shares of Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Wells Fargo & Company restated an "overweight" rating and issued a $65.00 price target (up previously from $63.00) on shares of Rollins in a research report on Wednesday, June 25th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.90.

Rollins Price Performance

Shares of NYSE ROL traded up $0.52 during midday trading on Thursday, hitting $56.16. The company had a trading volume of 122,939 shares, compared to its average volume of 1,757,669. 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 business has a 50-day simple moving average of $56.70 and a two-hundred day simple moving average of $52.63. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $58.65. The firm has a market capitalization of $27.22 billion, a price-to-earnings ratio of 56.72 and a beta of 0.75.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. The company had revenue of $822.50 million during the quarter, compared to the consensus estimate of $817.09 million. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. Equities research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.18%. Rollins's payout ratio is 66.67%.

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.