Rollins, Inc. $ROL Stock Holdings Lessened by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. has reduced its holdings in Rollins, Inc. by 3.8%, now owning approximately 1,541,556 shares valued at roughly $83.29 million.
• Several institutional investors increased their stakes in Rollins during the same period, with American Century Companies Inc. and Aberdeen Group plc expanding their holdings by 54.1% and 60.1% respectively.
• Rollins, Inc. recently announced a quarterly dividend of $0.165 per share, with a dividend yield of 1.1%, indicating a payout ratio of 65.35%.

Raymond James Financial Inc. cut its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,541,556 shares of the business services provider's stock after selling 60,374 shares during the quarter. Raymond James Financial Inc. owned about 0.32% of Rollins worth $83,290,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ROL. 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 acquiring an additional 2,574 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Rollins by 56.4% during the first quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock valued at $340,000 after acquiring an additional 2,254 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Rollins during the first quarter valued at about $225,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Rollins during the first quarter valued at about $464,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Rollins by 305.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock valued at $8,631,000 after acquiring an additional 120,294 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on ROL shares. Zacks Research downgraded Rollins from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Wells Fargo & Company reiterated an "overweight" rating and issued a $65.00 price target (up from $63.00) on shares of Rollins in a research note on Wednesday, June 25th. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and raised their target price for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Barclays raised their target price on shares of Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $61.40.

Insider Buying and Selling

In related news, Chairman John F. Wilson sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the sale, the chairman owned 632,727 shares of the company's stock, valued at $36,723,475.08. The trade was a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.47% of the stock is currently owned by insiders.

Rollins Price Performance

NYSE:ROL traded down $0.05 during midday trading on Friday, hitting $57.95. 1,117,500 shares of the stock were exchanged, compared to its average volume of 1,396,400. Rollins, Inc. has a one year low of $45.34 and a one year high of $59.10. The company has a market capitalization of $28.08 billion, a price-to-earnings ratio of 57.38 and a beta of 0.69. The business has a 50-day moving average price of $56.85 and a two-hundred day moving average price of $55.06. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The firm had revenue of $999.53 million for the quarter, compared to analysts' expectations of $988.77 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. Sell-side analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 11th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.1%. Rollins's payout ratio is presently 65.35%.

About Rollins

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.