HB Wealth Management LLC Acquires 5,332 Shares of Rollins, Inc. (NYSE:ROL)

HB Wealth Management LLC lifted its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 30.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,811 shares of the business services provider's stock after purchasing an additional 5,332 shares during the period. HB Wealth Management LLC's holdings in Rollins were worth $1,232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Rollins by 9.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock worth $1,353,000 after acquiring an additional 2,574 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Rollins by 56.4% in the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock worth $340,000 after acquiring an additional 2,254 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in shares of Rollins in the 1st quarter worth about $225,000. Oppenheimer & Co. Inc. bought a new stake in Rollins during the 1st quarter valued at about $464,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Rollins by 305.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,741 shares of the business services provider's stock valued at $8,631,000 after purchasing an additional 120,294 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction that occurred 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 owned 38,028 shares in the company, valued at $2,150,103.12. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman John F. Wilson sold 30,000 shares of Rollins stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $58.04, for a total transaction of $1,741,200.00. Following the sale, the chairman owned 632,727 shares in the company, valued at approximately $36,723,475.08. The trade was a 4.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,921 shares of company stock worth $4,120,613. Company insiders own 4.47% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wall Street Zen upgraded shares of Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Canaccord Genuity Group raised their price objective on shares of Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, April 25th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and lifted their price target for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. UBS Group increased their price objective on shares of Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the company a "buy" rating in a research report on Thursday, April 24th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.40.

Rollins Stock Performance

Shares of ROL traded up $0.43 on Friday, reaching $57.70. The company's stock had a trading volume of 1,919,624 shares, compared to its average volume of 1,912,414. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.63. The stock has a market capitalization of $27.96 billion, a P/E ratio of 57.13 and a beta of 0.75. The stock's 50 day simple moving average is $56.63 and its two-hundred day simple moving average is $54.02. 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 issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share 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 36.96%. The business 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 firm earned $0.27 earnings per share. The company's revenue for the quarter was up 12.1% on a year-over-year basis. Research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th will be given 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 1.1%. Rollins's dividend payout ratio (DPR) is presently 65.35%.

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.