Rollins, Inc. (NYSE:ROL) Stake Lessened by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC cut its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 35.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,683 shares of the business services provider's stock after selling 12,952 shares during the period. Axxcess Wealth Management LLC's holdings in Rollins were worth $1,280,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ROL. Bank Pictet & Cie Europe AG boosted its holdings in Rollins by 6.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 66,050 shares of the business services provider's stock worth $3,061,000 after buying an additional 4,100 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Rollins by 169.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider's stock worth $123,000 after buying an additional 1,672 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Rollins during the fourth quarter worth approximately $4,943,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Rollins by 1.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,911 shares of the business services provider's stock worth $3,055,000 after buying an additional 659 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Rollins by 8.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 37,752 shares of the business services provider's stock worth $1,750,000 after buying an additional 2,928 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman John F. Wilson sold 40,000 shares of the firm'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 approximately $37,623,011.79. This trade represents a 5.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the firm'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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 4.47% of the stock is currently owned by company insiders.

Rollins Stock Down 0.3%

ROL stock opened at $55.63 on Friday. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $58.65. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 0.36. The company has a market cap of $26.96 billion, a price-to-earnings ratio of 56.19 and a beta of 0.75. The company has a 50 day moving average of $56.70 and a two-hundred day moving average of $52.92.

Rollins (NYSE:ROL - Get Free Report) last released its 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. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The company had revenue of $822.50 million during the quarter, compared to the consensus estimate of $817.09 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The company's revenue was up 9.9% compared to the same quarter last year. On average, equities analysts anticipate 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. Shareholders of record on Monday, May 12th were given a $0.165 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.19%. Rollins's payout ratio is 66.67%.

Analysts Set New Price Targets

A number of analysts recently weighed in on ROL shares. Barclays raised their target price on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. Wall Street Zen upgraded shares of Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the company a "buy" rating in a research report on Thursday, April 24th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and upped their price target for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. Finally, Royal Bank Of Canada upped their price target on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $60.50.

Rollins 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.

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