Rhumbline Advisers Purchases 44,730 Shares of Rollins, Inc. (NYSE:ROL)

Rhumbline Advisers increased its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 663,748 shares of the business services provider's stock after buying an additional 44,730 shares during the period. Rhumbline Advisers owned 0.14% of Rollins worth $35,862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ROL. Murphy & Mullick Capital Management Corp acquired a new position in Rollins in the 4th quarter valued at $29,000. Centricity Wealth Management LLC bought a new stake in shares of Rollins in the fourth quarter valued at about $31,000. Mizuho Bank Ltd. acquired a new position in shares of Rollins in the fourth quarter valued at about $37,000. Atala Financial Inc bought a new position in Rollins during the fourth quarter worth about $47,000. Finally, Colonial Trust Co SC increased its position in Rollins by 61.3% during the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock worth $50,000 after acquiring an additional 411 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $52.81, for a total value of $101,448.01. Following the transaction, the insider now directly owns 39,640 shares of the company's stock, valued at approximately $2,093,388.40. The trade was a 4.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John F. Wilson sold 40,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the transaction, the chairman now owns 662,727 shares in the company, valued at approximately $37,623,011.79. The trade was a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,763 shares of company stock worth $2,580,331 over the last three months. 4.47% of the stock is currently owned by insiders.

Rollins Trading Down 0.1%

Shares of Rollins stock traded down $0.06 during trading on Friday, hitting $57.78. The company's stock had a trading volume of 887,462 shares, compared to its average volume of 1,744,779. The stock has a market cap of $28.00 billion, a price-to-earnings ratio of 60.18 and a beta of 0.77. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $58.65. The stock has a 50-day moving average price of $55.75 and a two-hundred day moving average price of $51.74. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate 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%. The company's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. Equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Monday, May 12th. Rollins's dividend payout ratio (DPR) is 66.67%.

Analyst Ratings Changes

ROL has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Royal Bank of Canada upped their price objective on shares of Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Barclays raised their target price on shares of Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Morgan Stanley boosted their target price on shares of Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and upped their price target for the stock from $55.00 to $65.00 in a report on Monday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Rollins presently has an average rating of "Moderate Buy" and an average target price of $56.75.

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.