Toronto Dominion Bank Raises Stock Position in Rollins, Inc. (NYSE:ROL)

Toronto Dominion Bank boosted its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 151,593 shares of the business services provider's stock after buying an additional 9,930 shares during the period. Toronto Dominion Bank's holdings in Rollins were worth $7,026,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp acquired a new position in Rollins during the fourth quarter valued at approximately $29,000. Centricity Wealth Management LLC acquired a new stake in shares of Rollins in the 4th quarter valued at $31,000. Mizuho Bank Ltd. bought a new position in shares of Rollins in the 4th quarter valued at $37,000. Atala Financial Inc acquired a new position in shares of Rollins during the 4th quarter worth $47,000. Finally, Colonial Trust Co SC raised its holdings in shares of Rollins by 61.3% during the 4th quarter. Colonial Trust Co SC now owns 1,081 shares of the business services provider's stock worth $50,000 after buying an additional 411 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the transaction, the chairman now owns 662,727 shares of the company's stock, valued at approximately $37,623,011.79. This represents a 5.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $51.78, for a total transaction of $99,469.38. Following the transaction, the insider now directly owns 41,173 shares in the company, valued at approximately $2,131,937.94. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,763 shares of company stock valued at $2,580,331. 4.47% of the stock is currently owned by company insiders.

Rollins Price Performance

Shares of NYSE ROL traded down $0.68 during mid-day trading on Tuesday, hitting $57.90. 369,320 shares of the company's stock traded hands, compared to its average volume of 1,740,225. The company has a market capitalization of $28.06 billion, a P/E ratio of 60.31 and a beta of 0.79. Rollins, Inc. has a 1 year low of $45.34 and a 1 year high of $59.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The company's 50-day moving average is $55.48 and its two-hundred day moving average is $51.59.

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 the consensus estimate of $0.22. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The firm had revenue of $822.50 million during the quarter, compared to analyst estimates of $817.09 million. During the same quarter last year, the business earned $0.20 EPS. The business's revenue was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.14%. Rollins's payout ratio is 66.67%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ROL shares. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and boosted their price objective for the company from $55.00 to $65.00 in a research note on Monday. 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 research report on Thursday, April 17th. Wall Street Zen upgraded Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Morgan Stanley increased their target price on shares of Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group increased their price target on Rollins from $49.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Rollins has a consensus rating of "Moderate Buy" and an average price target of $56.75.

Rollins Company 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.