Parr Mcknight Wealth Management Group LLC Buys New Shares in Rollins, Inc. (NYSE:ROL)

Parr Mcknight Wealth Management Group LLC bought a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 20,801 shares of the business services provider's stock, valued at approximately $964,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Keel Point LLC increased 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 worth $250,000 after purchasing an additional 262 shares during the period. Kensington Investment Counsel LLC increased its holdings in shares of Rollins by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider's stock worth $1,767,000 after purchasing an additional 263 shares during the period. New York Life Investment Management LLC increased its stake in Rollins by 0.7% in the fourth 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 acquiring an additional 274 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in Rollins by 25.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider's stock valued at $66,000 after acquiring an additional 292 shares during the last quarter. Finally, Mather Group LLC. increased its stake in Rollins by 9.8% in the fourth quarter. Mather Group LLC. now owns 3,325 shares of the business services provider's stock valued at $154,000 after acquiring an additional 298 shares during the last quarter. Institutional investors own 51.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ROL. The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Wall Street Zen raised shares of Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Morgan Stanley lifted their price objective on shares of Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Canaccord Genuity Group lifted their price objective on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, April 25th. Finally, Barclays lifted their price objective on shares of Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research note on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.57.

Rollins Price Performance

Rollins stock traded up $0.18 during mid-day trading on Thursday, reaching $56.92. The company had a trading volume of 453,738 shares, compared to its average volume of 1,738,037. Rollins, Inc. has a fifty-two week low of $45.00 and a fifty-two week high of $57.63. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The company has a market cap of $27.58 billion, a P/E ratio of 59.28 and a beta of 0.79. The business has a fifty day simple moving average of $55.18 and a 200 day simple moving average of $51.44.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. The company had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Rollins's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.165 per share. The ex-dividend date is Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.16%. Rollins's dividend payout ratio (DPR) is presently 66.67%.

Insider Transactions at Rollins

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 transaction, the insider now owns 38,028 shares in the company, valued at $2,150,103.12. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Traci Hornfeck sold 3,224 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the transaction, the insider now owns 9,602 shares in the company, valued at approximately $509,866.20. The trade was a 25.14% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,987 shares of company stock worth $480,725. Company insiders own 4.47% of the company's stock.

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.