Transcend Capital Advisors LLC Grows Position in Rollins, Inc. (NYSE:ROL)

Transcend Capital Advisors LLC lifted its position in Rollins, Inc. (NYSE:ROL - Free Report) by 81.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 38,747 shares of the business services provider's stock after purchasing an additional 17,436 shares during the period. Transcend Capital Advisors LLC's holdings in Rollins were worth $2,094,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. City Holding Co. bought a new stake in Rollins in the 1st quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Rollins during the fourth quarter worth about $29,000. Mizuho Bank Ltd. purchased a new stake in shares of Rollins during the fourth quarter worth about $37,000. CVA Family Office LLC grew its stake in shares of Rollins by 73.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock worth $44,000 after purchasing an additional 340 shares during the last quarter. Finally, Atala Financial Inc purchased a new position in Rollins during the 4th quarter valued at about $47,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

Shares of ROL stock opened at $56.19 on Friday. The business's fifty day moving average is $56.62 and its 200 day moving average is $52.43. 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 stock has a market cap of $27.23 billion, a price-to-earnings ratio of 56.76 and a beta of 0.77. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $58.65.

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 for the quarter, hitting analysts' consensus estimates of $0.22. The firm had revenue of $822.50 million for 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 company's revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. Research analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Monday, May 12th. Rollins's dividend payout ratio (DPR) is presently 66.67%.

Analysts Set New Price Targets

A number of research firms have commented on ROL. Argus initiated coverage on Rollins in a research report on Wednesday, June 18th. They set a "buy" rating and a $68.00 price target for the company. Jefferies Financial Group upgraded Rollins from a "hold" rating to a "buy" rating and upped their target price for the company from $55.00 to $65.00 in a report on Monday, June 2nd. The Goldman Sachs Group set a $61.00 price target on shares of Rollins and gave the company a "buy" rating in a report on Thursday, April 24th. Wells Fargo & Company reissued an "overweight" rating and set a $65.00 price objective (up from $63.00) on shares of Rollins in a research report on Wednesday. Finally, 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 research report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.78.

Insider Buying and Selling at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $52.81, for a total value of $101,448.01. Following the sale, the insider now directly owns 39,640 shares of the company's stock, valued at approximately $2,093,388.40. This represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $2,270,800.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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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