Riverbridge Partners LLC Reduces Stake in Rollins, Inc. (NYSE:ROL)

Riverbridge Partners LLC trimmed its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 5.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,273,095 shares of the business services provider's stock after selling 126,166 shares during the quarter. Rollins accounts for approximately 2.0% of Riverbridge Partners LLC's investment portfolio, making the stock its 15th largest position. Riverbridge Partners LLC owned 0.47% of Rollins worth $122,815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of ROL. City Holding Co. purchased a new position in Rollins during the first quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Rollins during the fourth quarter valued at $29,000. Centricity Wealth Management LLC purchased a new stake in shares of Rollins during the fourth quarter valued at $31,000. Mizuho Bank Ltd. purchased a new stake in shares of Rollins during the fourth quarter valued at $37,000. Finally, CVA Family Office LLC boosted its stake in shares of Rollins by 73.0% during the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after purchasing an additional 340 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rollins

In other news, Chairman John F. Wilson sold 40,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the transaction, the chairman now directly owns 662,727 shares of the company's stock, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the transaction, the insider now owns 38,028 shares in the company, valued at approximately $2,150,103.12. This trade represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,842 shares of company stock valued at $2,480,861 over the last 90 days. Insiders own 4.47% of the company's stock.

Rollins Stock Up 0.7%

Shares of ROL stock traded up $0.37 on Friday, hitting $56.45. The stock had a trading volume of 3,411,745 shares, compared to its average volume of 1,763,077. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $56.51 and a 200 day moving average price of $52.17. The company has a market cap of $27.36 billion, a PE ratio of 57.02 and a beta of 0.77. Rollins, Inc. has a one year low of $45.34 and a one year high of $58.65.

Rollins (NYSE:ROL - Get Free Report) last announced its 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 during the quarter, compared to the consensus estimate of $817.09 million. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The firm's revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. Research analysts anticipate 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 was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were paid a dividend of $0.165 per share. The ex-dividend date was Monday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.17%. Rollins's dividend payout ratio (DPR) is presently 66.67%.

Analyst Ratings Changes

A number of analysts have recently issued reports on ROL shares. Wall Street Zen raised shares of Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and boosted their target price for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. Wells Fargo & Company boosted their target price on shares of Rollins from $62.00 to $63.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada boosted their target price 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $58.56.

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.