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LPL Financial LLC Has $17.08 Million Stock Holdings in Rollins, Inc. (NYSE:ROL)

Rollins logo with Construction background

LPL Financial LLC lowered its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 1.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 316,142 shares of the business services provider's stock after selling 6,286 shares during the quarter. LPL Financial LLC owned about 0.07% of Rollins worth $17,081,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. City Holding Co. bought a new stake in Rollins during the 1st quarter valued at approximately $27,000. GW&K Investment Management LLC boosted its position in shares of Rollins by 961.4% in the first 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 during the period. CVA Family Office LLC grew its stake in shares of 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 during the last quarter. Colonial Trust Co SC increased its position in Rollins by 61.3% during the fourth quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock worth $50,000 after acquiring an additional 411 shares during the period. Finally, HM Payson & Co. acquired a new position in Rollins during the 1st quarter valued at $63,000. 51.79% of the stock is owned by institutional investors.

Rollins Price Performance

Rollins stock traded up $0.19 on Wednesday, reaching $58.31. The company's stock had a trading volume of 1,470,494 shares, compared to its average volume of 1,726,772. The business's fifty day moving average price is $56.72 and its 200 day moving average price is $54.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $58.96. The company has a market cap of $28.26 billion, a price-to-earnings ratio of 57.74 and a beta of 0.69.

Rollins (NYSE:ROL - Get Free Report) last announced 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. Rollins had a net margin of 13.70% and a return on equity of 36.96%. The company had revenue of $999.53 million during the quarter, compared to the consensus estimate of $988.77 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The company's revenue was up 12.1% on a year-over-year basis. Equities analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared 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. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, August 11th. Rollins's dividend payout ratio is 65.35%.

Analyst Ratings Changes

ROL has been the topic of several research reports. Royal Bank Of Canada boosted their price target on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Canaccord Genuity Group boosted their price objective on 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 raised 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 report on Monday, June 2nd. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, UBS Group raised their price objective on shares of Rollins from $59.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Rollins has a consensus rating of "Moderate Buy" and a consensus target price of $61.40.

Check Out Our Latest Report on Rollins

Insider Buying and Selling at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the transaction, the insider directly owned 38,028 shares in the company, valued at approximately $2,150,103.12. This represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman John F. Wilson sold 40,000 shares of Rollins 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 sale, the chairman owned 662,727 shares of the company's stock, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,921 shares of company stock worth $4,120,613 in the last ninety days. 4.47% of the stock is currently owned by insiders.

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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