Concurrent Investment Advisors LLC grew its position in Rollins, Inc. (NYSE:ROL - Free Report) by 43.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,514 shares of the business services provider's stock after purchasing an additional 9,562 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Rollins were worth $1,703,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. City Holding Co. acquired a new stake in shares of Rollins in the 1st quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Rollins in the fourth quarter valued at about $29,000. Mizuho Bank Ltd. acquired a new stake in Rollins in the fourth quarter worth about $37,000. CVA Family Office LLC boosted its holdings in Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after acquiring an additional 340 shares in the last quarter. Finally, Atala Financial Inc purchased a new stake in shares of Rollins during the fourth quarter worth about $47,000. 51.79% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on ROL shares. Piper Sandler started coverage on shares of Rollins in a research report on Tuesday, July 1st. They issued an "overweight" rating and a $70.00 price objective for the company. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and boosted their price objective for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Finally, Argus initiated coverage on Rollins in a research report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target for the company. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Rollins currently has an average rating of "Moderate Buy" and a consensus price target of $59.90.
Check Out Our Latest Stock Report on ROL
Rollins Stock Performance
NYSE ROL opened at $56.21 on Tuesday. The firm has a market capitalization of $27.24 billion, a P/E ratio of 56.78 and a beta of 0.75. The stock has a 50-day simple moving average of $56.74 and a two-hundred day simple moving average of $52.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.81 and a current ratio of 0.87. Rollins, Inc. has a fifty-two week low of $45.34 and a fifty-two week high of $58.65.
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 for the quarter, meeting the consensus estimate of $0.22. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The company had revenue of $822.50 million during the quarter, compared to analysts' expectations of $817.09 million. During the same period last year, the business earned $0.20 earnings per share. Rollins's quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.
Rollins Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Monday, May 12th. Rollins's dividend payout ratio (DPR) is 66.67%.
Insider Buying and Selling at Rollins
In related news, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction on 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 directly owned 662,727 shares of the company's stock, valued at $37,623,011.79. The trade was a 5.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,842 shares of company stock valued at $2,480,861. Company insiders own 4.47% of the company's stock.
Rollins Company Profile
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Free Report)
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.
Further Reading

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