Cerity Partners LLC Has $2.16 Million Holdings in Rollins, Inc. (NYSE:ROL)

Cerity Partners LLC boosted its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 25.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,935 shares of the business services provider's stock after purchasing an additional 8,117 shares during the quarter. Cerity Partners LLC's holdings in Rollins were worth $2,158,000 at the end of the most recent quarter.

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

Insider Activity at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction that occurred 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of the 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 sale, the chairman owned 662,727 shares in the company, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.47% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the stock a "buy" rating in a research report on Thursday, April 24th. UBS Group raised their price target on shares of Rollins from $58.00 to $59.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Canaccord Genuity Group upped their price objective on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, April 25th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and increased their target price for the company from $55.00 to $65.00 in a research note on Monday, June 2nd. Finally, Piper Sandler assumed coverage on Rollins in a research note on Tuesday, July 1st. They set an "overweight" rating and a $70.00 price target on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Rollins currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.50.

Rollins Price Performance

Shares of ROL traded up $2.89 during mid-day trading on Thursday, reaching $58.05. The company had a trading volume of 3,495,717 shares, compared to its average volume of 1,538,091. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81. The company has a market capitalization of $28.14 billion, a P/E ratio of 57.48 and a beta of 0.75. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $58.65. The company's 50-day moving average is $56.59 and its 200-day moving average is $53.63.

Rollins (NYSE:ROL - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. Rollins had a net margin of 13.70% and a return on equity of 37.72%. The company had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. During the same quarter in the previous year, the company earned $0.27 EPS. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, August 11th. Rollins's payout ratio is 66.67%.

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.