Parr Mcknight Wealth Management Group LLC Invests $964,000 in Rollins, Inc. (NYSE:ROL)

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

Other hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Rollins by 9.7% during the fourth 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 buying an additional 2,574 shares during the last quarter. True North Advisors LLC purchased a new stake in shares of Rollins in the fourth quarter valued at approximately $262,000. Jones Financial Companies Lllp boosted its holdings in shares of Rollins by 169.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider's stock valued at $123,000 after purchasing an additional 1,672 shares during the period. KBC Group NV boosted its holdings in shares of Rollins by 68.0% in the fourth quarter. KBC Group NV now owns 247,082 shares of the business services provider's stock valued at $11,452,000 after purchasing an additional 99,990 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Rollins by 45.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 287,536 shares of the business services provider's stock valued at $13,327,000 after purchasing an additional 89,899 shares during the period. Institutional investors own 51.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ROL. The Goldman Sachs Group set a $61.00 target price on Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. Morgan Stanley upped their target price on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Canaccord Genuity Group upped their target price on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, April 25th. Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Finally, Barclays upped their target price on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Rollins has a consensus rating of "Moderate Buy" and a consensus target price of $55.57.

Insider Activity

In related news, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the sale, the insider now directly owns 9,602 shares in the company, valued at approximately $509,866.20. The trade was a 25.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 value of $108,613.34. Following the completion of the sale, the insider now owns 38,028 shares in the company, valued at approximately $2,150,103.12. The trade was a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,987 shares of company stock worth $480,725 in the last ninety days. Company insiders own 4.47% of the company's stock.

Rollins Stock Performance

ROL traded up $0.47 during midday trading on Tuesday, hitting $57.34. 1,523,190 shares of the company were exchanged, compared to its average volume of 1,742,968. The company's 50 day simple moving average is $54.97 and its 200 day simple moving average is $51.36. The firm has a market capitalization of $27.79 billion, a price-to-earnings ratio of 59.73 and a beta of 0.79. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a 1-year low of $45.00 and a 1-year high of $57.63.

Rollins (NYSE:ROL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting analysts' consensus estimates of $0.22. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The firm had revenue of $822.50 million for the quarter, compared to analysts' expectations of $817.09 million. During the same period last year, the firm earned $0.20 EPS. The company's quarterly revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Monday, May 12th. Rollins's dividend payout ratio (DPR) is presently 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.