Cetera Investment Advisers Grows Stake in Rollins, Inc. (NYSE:ROL)

Key Points

• Cetera Investment Advisers increased its holdings in Rollins, Inc. by 7.7%, owning 379,528 shares valued at $20.5 million as of the most recent SEC filing.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Rollins, with an average price target of $61.40, indicating expected growth.
• Rollins recently announced a quarterly dividend of $0.165 per share, reflecting an annualized dividend yield of 1.14%.

Cetera Investment Advisers boosted its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 7.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 379,528 shares of the business services provider's stock after buying an additional 27,253 shares during the quarter. Cetera Investment Advisers owned approximately 0.08% of Rollins worth $20,506,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. City Holding Co. bought a new position in shares of Rollins in the 1st quarter worth $27,000. GW&K Investment Management LLC lifted its stake in Rollins by 961.4% during the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider's stock valued at $33,000 after acquiring an additional 548 shares in the last quarter. Mizuho Bank Ltd. bought a new position in Rollins during the 4th quarter valued at $37,000. CVA Family Office LLC lifted its stake in Rollins by 73.0% during the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $44,000 after acquiring an additional 340 shares in the last quarter. Finally, Colonial Trust Co SC lifted its stake in Rollins by 61.3% during the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock valued at $50,000 after acquiring an additional 411 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

Rollins Price Performance

Shares of ROL traded down $0.02 during trading hours on Thursday, reaching $57.63. 426,722 shares of the company's stock traded hands, compared to its average volume of 1,903,700. The stock has a market cap of $27.93 billion, a PE ratio of 57.09 and a beta of 0.75. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. The firm's 50 day simple moving average is $56.62 and its 200-day simple moving average is $53.95. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $58.65.

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

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.165 per share. The ex-dividend date is Monday, August 11th. This represents a $0.66 annualized dividend and a dividend yield of 1.15%. Rollins's dividend payout ratio (DPR) is presently 65.35%.

Insider Activity at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the 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 sale, the insider directly owned 38,028 shares of the company's stock, valued at approximately $2,150,103.12. This represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman John F. Wilson sold 40,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the transaction, the chairman directly owned 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 have sold 71,921 shares of company stock worth $4,120,613 over the last three months. Insiders own 4.47% of the company's stock.

Wall Street Analysts Forecast Growth

ROL has been the topic of several recent analyst reports. Canaccord Genuity Group raised their price objective on Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, April 25th. Argus initiated coverage on Rollins in a research report on Wednesday, June 18th. They set a "buy" rating and a $68.00 target price for the company. The Goldman Sachs Group set a $61.00 target price on Rollins and gave the company a "buy" rating in a research report on Thursday, April 24th. Barclays lifted their price objective on Rollins from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Finally, Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.40.

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.