Atria Wealth Solutions Inc. Buys 5,965 Shares of Rollins, Inc. (NYSE:ROL)

Atria Wealth Solutions Inc. boosted its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 30.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,244 shares of the business services provider's stock after buying an additional 5,965 shares during the period. Atria Wealth Solutions Inc.'s holdings in Rollins were worth $1,364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC boosted its stake in Rollins by 2.9% during the first quarter. Thoroughbred Financial Services LLC now owns 12,793 shares of the business services provider's stock valued at $691,000 after buying an additional 365 shares during the last quarter. Geneva Capital Management LLC boosted its stake in Rollins by 14.2% during the first quarter. Geneva Capital Management LLC now owns 817,692 shares of the business services provider's stock valued at $44,180,000 after buying an additional 101,415 shares during the last quarter. ING Groep NV boosted its stake in Rollins by 204.5% during the first quarter. ING Groep NV now owns 109,250 shares of the business services provider's stock valued at $5,903,000 after buying an additional 73,374 shares during the last quarter. Bank of Nova Scotia boosted its stake in Rollins by 96.0% during the first quarter. Bank of Nova Scotia now owns 73,762 shares of the business services provider's stock valued at $3,985,000 after buying an additional 36,121 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Rollins by 0.7% during the first quarter. PNC Financial Services Group Inc. now owns 60,339 shares of the business services provider's stock valued at $3,260,000 after purchasing an additional 444 shares during the period. 51.79% of the stock is owned by institutional investors.

Rollins Trading Down 0.2%

NYSE:ROL traded down $0.12 during midday trading on Friday, hitting $57.30. The stock had a trading volume of 251,843 shares, compared to its average volume of 1,865,982. Rollins, Inc. has a one year low of $45.34 and a one year high of $59.10. The company has a market capitalization of $27.77 billion, a price-to-earnings ratio of 56.75 and a beta of 0.69. The stock has a 50-day moving average of $56.77 and a 200 day moving average of $54.71. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. Rollins had a return on equity of 36.96% and a net margin of 13.70%. The company had revenue of $999.53 million for the quarter, compared to analysts' expectations of $988.77 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Rollins's revenue was up 12.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Monday, August 11th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.66 annualized dividend and a yield of 1.2%. Rollins's dividend payout ratio is 65.35%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ROL. The Goldman Sachs Group set a $61.00 price objective on Rollins and gave the company a "buy" rating in a research report on Thursday, April 24th. Canaccord Genuity Group upped 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. UBS Group upped their price objective on Rollins from $59.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and upped their price objective for the company from $55.00 to $65.00 in a research report on Monday, June 2nd. 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, June 25th. 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.40.

Insider Transactions at Rollins

In related news, 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 value of $2,270,800.00. Following the transaction, the chairman owned 662,727 shares of the company's stock, valued at $37,623,011.79. This represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.47% of the stock is currently owned by company insiders.

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.