Rollins, Inc. (NYSE:ROL) Shares Purchased by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC boosted its position in Rollins, Inc. (NYSE:ROL - Free Report) by 23.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,711 shares of the business services provider's stock after purchasing an additional 4,910 shares during the quarter. Parr Mcknight Wealth Management Group LLC's holdings in Rollins were worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Rollins by 17.6% during the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock valued at $395,819,000 after purchasing an additional 1,282,508 shares during the period. Invesco Ltd. boosted its holdings in Rollins by 16.9% in the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider's stock worth $197,778,000 after purchasing an additional 617,876 shares during the period. Norges Bank bought a new stake in Rollins in the fourth quarter valued at $176,784,000. Northern Trust Corp lifted its stake in Rollins by 11.8% in the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider's stock valued at $141,221,000 after buying an additional 322,610 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Rollins by 389.2% in the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock valued at $128,396,000 after buying an additional 2,203,859 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Rollins

In other news, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, 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 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 that occurred 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 completion of the sale, the insider directly owned 38,028 shares of the company's stock, valued at $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. Corporate insiders own 4.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group set a $61.00 target price on Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Royal Bank Of Canada lifted their price objective on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. UBS Group lifted their price objective on shares of Rollins from $58.00 to $59.00 and gave the company a "neutral" rating in a research note on Wednesday. Wells Fargo & Company restated an "overweight" rating and set a $65.00 price objective (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Finally, Wall Street Zen upgraded shares of Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $60.50.

Rollins Stock Performance

Rollins stock traded down $0.40 during midday trading on Friday, reaching $55.22. The stock had a trading volume of 1,427,732 shares, compared to its average volume of 1,763,430. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $58.65. The firm's 50-day moving average price is $56.66 and its 200 day moving average price is $53.04. The firm has a market capitalization of $26.76 billion, a PE ratio of 55.78 and a beta of 0.75. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 0.36.

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

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Monday, May 12th. Rollins's dividend payout ratio is 66.67%.

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.