Swmg LLC Boosts Stock Position in Rollins, Inc. (NYSE:ROL)

Swmg LLC boosted its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 80.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 10,349 shares of the business services provider's stock after buying an additional 4,605 shares during the period. Swmg LLC's holdings in Rollins were worth $572,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG boosted its position in shares of 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 valued at $3,061,000 after buying an additional 4,100 shares during the period. Proficio Capital Partners LLC purchased a new position in Rollins during the 4th quarter valued at $4,943,000. QRG Capital Management Inc. grew its position in Rollins by 37.8% in the 4th quarter. QRG Capital Management Inc. now owns 7,944 shares of the business services provider's stock valued at $368,000 after acquiring an additional 2,179 shares during the last quarter. Metis Global Partners LLC increased its stake in Rollins by 3.4% in the fourth quarter. Metis Global Partners LLC now owns 18,680 shares of the business services provider's stock worth $866,000 after purchasing an additional 614 shares during the period. Finally, SRS Capital Advisors Inc. increased its stake in Rollins by 25.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider's stock worth $66,000 after purchasing an additional 292 shares during the period. 51.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Rollins 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 value of $2,270,800.00. Following the transaction, the chairman directly owned 662,727 shares of the company's stock, valued at approximately $37,623,011.79. The trade was a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the sale, the insider directly owned 38,028 shares of the company's stock, valued at approximately $2,150,103.12. This represents a 4.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,842 shares of company stock valued at $2,480,861 in the last three months. 4.47% of the stock is currently owned by corporate insiders.

Rollins Stock Up 0.8%

NYSE ROL traded up $0.44 during midday trading on Thursday, hitting $56.08. 425,321 shares of the company traded hands, compared to its average volume of 1,943,659. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $58.65. The company's 50-day simple moving average is $56.70 and its 200-day simple moving average is $52.63. The company has a market cap of $27.18 billion, a PE ratio of 56.65 and a beta of 0.75. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.87 and a quick ratio of 0.81.

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

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 12th were paid a dividend of $0.165 per share. The ex-dividend date was Monday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.18%. Rollins's dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analyst Weigh In

ROL has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and upped their price target for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Wall Street Zen upgraded shares of Rollins from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. The Goldman Sachs Group set a $61.00 target price on shares of Rollins and gave the stock a "buy" rating in a research report on Thursday, April 24th. Barclays boosted their price target on Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Finally, Piper Sandler assumed coverage on Rollins in a report on Tuesday. They set an "overweight" rating and a $70.00 price objective on the stock. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.90.

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.