Vontobel Holding Ltd. Raises Position in Rollins, Inc. (NYSE:ROL)

Vontobel Holding Ltd. boosted its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 35.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,585 shares of the business services provider's stock after acquiring an additional 5,972 shares during the period. Vontobel Holding Ltd.'s holdings in Rollins were worth $1,220,000 as of its most recent SEC filing.

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

Rollins Stock Performance

NYSE ROL traded up $0.80 on Friday, reaching $56.44. The stock had a trading volume of 690,184 shares, compared to its average volume of 1,761,912. The stock has a market cap of $27.35 billion, a P/E ratio of 57.01 and a beta of 0.75. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $58.65. The business's 50-day moving average price is $56.74 and its 200 day moving average price is $52.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.81 and a current ratio of 0.87.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting analysts' consensus estimates of $0.22. Rollins had a net margin of 13.78% and a return on equity of 37.31%. The business had revenue of $822.50 million for the quarter, compared to analysts' expectations of $817.09 million. During the same period in the previous year, the company posted $0.20 EPS. The company's quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current 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 paid 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 is presently 66.67%.

Insider Transactions at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the sale, the insider directly owned 38,028 shares of the company's stock, valued at $2,150,103.12. This represents a 4.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John F. Wilson sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $56.77, for a total value of $2,270,800.00. Following the sale, the chairman directly owned 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. Insiders sold 43,842 shares of company stock valued at $2,480,861 over the last ninety days. Corporate insiders own 4.47% of the company's stock.

Analyst Upgrades and Downgrades

ROL has been the topic of a number of recent analyst reports. Argus initiated coverage on Rollins in a report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price objective on the stock. Jefferies Financial Group raised Rollins from a "hold" rating to a "buy" rating and upped their price target for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Piper Sandler started coverage on shares of Rollins in a research note on Tuesday. They issued an "overweight" rating and a $70.00 price target on the stock. Royal Bank Of Canada boosted their price objective on shares of Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Finally, Wall Street Zen upgraded shares of Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.90.

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.