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Rollins, Inc. (NYSE:ROL) Shares Sold by Envestnet Portfolio Solutions Inc.

Rollins logo with Construction background

Envestnet Portfolio Solutions Inc. trimmed its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 16.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,329 shares of the business services provider's stock after selling 6,062 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Rollins were worth $1,693,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. City Holding Co. purchased a new position in shares of Rollins during the 1st quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Rollins in the 4th quarter worth $29,000. Mizuho Bank Ltd. bought a new position in Rollins in the 4th quarter worth $37,000. CVA Family Office LLC lifted its position in 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 in the last quarter. Finally, Atala Financial Inc purchased a new position in Rollins during the fourth quarter valued at $47,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays raised their price objective on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Friday, April 4th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and raised their target price for the stock from $55.00 to $65.00 in a research note on Monday, June 2nd. Argus initiated coverage on shares of Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target on the stock. Royal Bank Of Canada increased their price objective on shares of Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $65.00 price objective (up from $63.00) on shares of Rollins in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $58.78.

View Our Latest Research Report on Rollins

Insider Activity at Rollins

In related news, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $52.81, for a total value of $101,448.01. Following the sale, the insider now owns 39,640 shares in the company, valued at $2,093,388.40. This represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $2,270,800.00. Following the completion of the transaction, the chairman now owns 662,727 shares in the company, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,842 shares of company stock valued at $2,480,861 in the last three months. 4.47% of the stock is owned by insiders.

Rollins Stock Up 0.9%

NYSE:ROL traded up $0.51 during midday trading on Friday, reaching $56.19. 2,814,957 shares of the stock traded hands, compared to its average volume of 1,762,820. The business has a 50-day moving average of $56.62 and a two-hundred day moving average of $52.43. 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 12-month low of $45.34 and a 12-month high of $58.65. The stock has a market capitalization of $27.23 billion, a PE ratio of 56.76 and a beta of 0.77.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Rollins had a return on equity of 37.31% and a net margin of 13.78%. The firm had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. During the same period in the previous year, the business earned $0.20 EPS. The firm's revenue for the quarter 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 fiscal year.

Rollins Dividend Announcement

The business also recently disclosed 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. 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 currently 66.67%.

About Rollins

(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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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