Axxcess Wealth Management LLC Sells 12,952 Shares of Rollins, Inc. (NYSE:ROL)

Axxcess Wealth Management LLC lessened its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 35.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 23,683 shares of the business services provider's stock after selling 12,952 shares during the quarter. Axxcess Wealth Management LLC's holdings in Rollins were worth $1,280,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Linden Thomas Advisory Services LLC lifted its stake in shares of Rollins by 1.5% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 31,389 shares of the business services provider's stock worth $1,696,000 after buying an additional 463 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Rollins by 3.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 368,521 shares of the business services provider's stock worth $19,344,000 after purchasing an additional 11,821 shares in the last quarter. Personal CFO Solutions LLC acquired a new stake in Rollins in the 1st quarter worth about $211,000. Interchange Capital Partners LLC acquired a new stake in Rollins in the 1st quarter worth about $219,000. Finally, Pacific Point Advisors LLC raised its stake in Rollins by 9.1% in the 1st quarter. Pacific Point Advisors LLC now owns 28,691 shares of the business services provider's stock worth $1,550,000 after purchasing an additional 2,404 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

Rollins Trading Down 0.7%

ROL traded down $0.40 during trading on Friday, reaching $55.22. 1,427,732 shares of the company's stock were exchanged, compared to its average volume of 1,763,430. The stock has a market capitalization of $26.76 billion, a PE ratio of 55.78 and a beta of 0.75. Rollins, Inc. has a one year low of $45.34 and a one year high of $58.65. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average price of $56.66 and a two-hundred day moving average price of $53.04.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. The firm had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 EPS. As a group, equities research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.20%. Rollins's payout ratio is presently 66.67%.

Insiders Place Their Bets

In related news, Chairman John F. Wilson sold 40,000 shares of the business's 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 transaction, the chairman owned 662,727 shares in the company, valued at $37,623,011.79. The trade was a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the business's 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 transaction, the insider owned 38,028 shares in the company, valued at $2,150,103.12. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. 4.47% of the stock is owned by insiders.

Analysts Set New Price Targets

ROL has been the topic of several recent analyst reports. Wells Fargo & Company reissued an "overweight" rating and issued a $65.00 target price (up from $63.00) on shares of Rollins in a report on Wednesday, June 25th. Piper Sandler assumed coverage on shares of Rollins in a report on Tuesday, July 1st. They set an "overweight" rating and a $70.00 price target on the stock. UBS Group lifted their price target on shares of Rollins from $58.00 to $59.00 and gave the company a "neutral" rating in a report on Wednesday. Royal Bank Of Canada lifted their price target on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Finally, Argus assumed coverage on shares of Rollins in a report on Wednesday, June 18th. They set a "buy" rating and a $68.00 target price on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Rollins presently has a consensus rating of "Moderate Buy" and an average target price of $60.50.

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.