20,801 Shares in Rollins, Inc. (NYSE:ROL) Bought by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC purchased a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,801 shares of the business services provider's stock, valued at approximately $964,000.

Other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Rollins by 9.7% in the 4th 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 acquiring an additional 2,574 shares in the last quarter. True North Advisors LLC acquired a new position in shares of Rollins in the 4th quarter worth approximately $262,000. Jones Financial Companies Lllp raised its holdings in shares of Rollins by 169.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider's stock worth $123,000 after buying an additional 1,672 shares in the last quarter. KBC Group NV raised its holdings in shares of Rollins by 68.0% in the 4th quarter. KBC Group NV now owns 247,082 shares of the business services provider's stock worth $11,452,000 after buying an additional 99,990 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Rollins by 45.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 287,536 shares of the business services provider's stock worth $13,327,000 after buying an additional 89,899 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Insider Buying and Selling at Rollins

In other news, insider Traci Hornfeck sold 3,224 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the transaction, the insider now directly owns 9,602 shares in the company, valued at $509,866.20. This trade represents a 25.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the transaction, the insider now owns 41,173 shares in the company, valued at $2,131,937.94. This represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,987 shares of company stock worth $480,725. Insiders own 4.47% of the company's stock.

Rollins Price Performance

NYSE ROL traded down $0.62 during trading hours on Wednesday, reaching $56.73. 1,401,853 shares of the company's stock were exchanged, compared to its average volume of 1,741,609. The stock has a market cap of $27.49 billion, a PE ratio of 59.10 and a beta of 0.79. Rollins, Inc. has a one year low of $45.00 and a one year high of $57.63. The firm has a fifty day moving average of $55.08 and a 200-day moving average of $51.40. 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 (NYSE:ROL - Get Free Report) last released 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 business had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Rollins's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. On average, equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th will be given a $0.165 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.16%. Rollins's payout ratio is 66.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ROL shares. 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. Wall Street Zen raised Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Barclays increased 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. Morgan Stanley increased 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. Finally, Royal Bank of Canada increased their target price on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Rollins has a consensus rating of "Moderate Buy" and an average target price of $55.57.

Rollins 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.