Wealth Enhancement Advisory Services LLC Buys 120,294 Shares of Rollins, Inc. (NYSE:ROL)

Wealth Enhancement Advisory Services LLC raised its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 305.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 159,741 shares of the business services provider's stock after purchasing an additional 120,294 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Rollins were worth $8,631,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Rollins by 9.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,192 shares of the business services provider's stock valued at $1,353,000 after purchasing an additional 2,574 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Rollins by 56.4% during the 1st quarter. Farther Finance Advisors LLC now owns 6,254 shares of the business services provider's stock valued at $340,000 after purchasing an additional 2,254 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Rollins by 169.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider's stock valued at $123,000 after purchasing an additional 1,672 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in shares of Rollins during the 1st quarter valued at about $225,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Rollins in the 4th quarter valued at about $4,943,000. Institutional investors own 51.79% of the company's stock.

Rollins Stock Performance

Rollins stock opened at $57.14 on Tuesday. 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, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65. The firm has a market capitalization of $27.69 billion, a P/E ratio of 57.71 and a beta of 0.77. The company's 50-day moving average is $56.53 and its 200 day moving average is $52.26.

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

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, May 12th. Rollins's dividend payout ratio (DPR) is presently 66.67%.

Insider Transactions at Rollins

In other news, Chairman John F. Wilson sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the transaction, the chairman now directly owns 662,727 shares of the company's stock, valued at approximately $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $52.81, for a total transaction of $101,448.01. Following the transaction, the insider now directly owns 39,640 shares in the company, valued at approximately $2,093,388.40. This trade represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,842 shares of company stock valued at $2,480,861. 4.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays increased their price target on shares of Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Wall Street Zen raised shares of Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Jefferies Financial Group raised shares of Rollins from a "hold" rating to a "buy" rating and increased their price target for the company from $55.00 to $65.00 in a report on Monday, June 2nd. Argus assumed coverage on shares of Rollins in a report on Wednesday, June 18th. They issued a "buy" rating and a $68.00 price target for the company. Finally, 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $58.56.

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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