Rollins, Inc. (NYSE:ROL) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC reduced its position in Rollins, Inc. (NYSE:ROL - Free Report) by 12.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,002,254 shares of the business services provider's stock after selling 141,433 shares during the period. Voloridge Investment Management LLC owned about 0.21% of Rollins worth $46,454,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on ROL. Wall Street Zen raised shares of Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Barclays upped their target price on Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research note on Friday, April 4th. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the stock a "buy" rating in a research report on Thursday, April 24th. Morgan Stanley boosted their price target on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Finally, Royal Bank of Canada upped their price objective on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $55.57.

Rollins Trading Up 0.2%

ROL stock traded up $0.11 during midday trading on Monday, hitting $56.86. The stock had a trading volume of 1,332,831 shares, compared to its average volume of 1,743,850. The company's 50-day moving average price is $54.87 and its 200 day moving average price is $51.31. 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 firm has a market cap of $27.56 billion, a PE ratio of 59.23 and a beta of 0.79. Rollins, Inc. has a 12-month low of $45.00 and a 12-month high of $57.63.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting analysts' consensus estimates 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 return on equity of 37.94% and a net margin of 13.76%. The business's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Monday, May 12th. Rollins's dividend payout ratio is currently 66.67%.

Insider Buying and Selling at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $52.81, for a total transaction of $101,448.01. Following the completion of the sale, the insider now owns 39,640 shares in the company, valued at approximately $2,093,388.40. The trade was a 4.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Traci Hornfeck sold 3,224 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the sale, the insider now directly owns 9,602 shares of the company's stock, valued at approximately $509,866.20. This trade represents a 25.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,987 shares of company stock worth $480,725 in the last quarter. 4.47% of the stock is owned by 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.