SG Americas Securities LLC Sells 248,339 Shares of Rollins, Inc. (NYSE:ROL)

SG Americas Securities LLC lessened its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 95.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 13,040 shares of the business services provider's stock after selling 248,339 shares during the period. SG Americas Securities LLC's holdings in Rollins were worth $705,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ROL. City Holding Co. purchased a new position in shares of Rollins in the first quarter valued at about $27,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Rollins in the fourth quarter valued at about $29,000. Centricity Wealth Management LLC purchased a new position in shares of Rollins in the fourth quarter valued at about $31,000. Mizuho Bank Ltd. purchased a new position in shares of Rollins in the fourth quarter valued at about $37,000. Finally, Atala Financial Inc purchased a new position in shares of Rollins in the fourth quarter valued at about $47,000. Institutional investors own 51.79% of the company's stock.

Rollins Price Performance

Shares of ROL opened at $56.45 on Friday. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65. The stock has a market cap of $27.36 billion, a PE ratio of 57.02 and a beta of 0.77. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81. The firm has a fifty day moving average price of $56.51 and a 200 day moving average price of $52.17.

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. The business had revenue of $822.50 million during 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 business's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. As a group, sell-side analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current 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 issued a $0.165 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.17%. Rollins's dividend payout ratio (DPR) is presently 66.67%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ROL. Wells Fargo & Company boosted their target price on Rollins from $62.00 to $63.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Wall Street Zen upgraded 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 target price on Rollins and gave the stock a "buy" rating in a research report on Thursday, April 24th. Barclays boosted their target price on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Friday, April 4th. Finally, Royal Bank Of Canada boosted their target price on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $58.56.

Insider Buying and Selling at Rollins

In related news, Chairman John F. Wilson sold 40,000 shares of Rollins 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 sale, the chairman now owns 662,727 shares of the company's stock, valued at $37,623,011.79. The trade was a 5.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $52.81, for a total transaction of $101,448.01. Following the sale, the insider now directly owns 39,640 shares in the company, valued at $2,093,388.40. This trade represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,842 shares of company stock valued at $2,480,861. Corporate insiders own 4.47% of the company's stock.

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.

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