Rollins, Inc. (NYSE:ROL) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 305.0% in the 1st quarter, according to the company in its most recent 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 recently bought and sold shares of the company. City Holding Co. purchased a new stake in shares of Rollins during the first quarter worth approximately $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Rollins in the fourth quarter valued at about $29,000. Mizuho Bank Ltd. purchased a new position in shares of Rollins in the fourth quarter worth about $37,000. CVA Family Office LLC lifted 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 buying an additional 340 shares in the last quarter. Finally, Atala Financial Inc acquired a new position in Rollins during the fourth quarter worth about $47,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Trading Up 0.9%

Shares of NYSE:ROL traded up $0.51 during midday trading on Friday, reaching $56.19. 2,814,957 shares of the company's stock were exchanged, compared to its average volume of 1,958,141. 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 fifty-two week low of $45.34 and a fifty-two week high of $58.65. The firm's 50 day simple moving average is $56.62 and its two-hundred day simple moving average is $52.43. 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 (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share 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 during the quarter, compared to analysts' expectations of $817.09 million. During the same period last year, the business earned $0.20 earnings per share. The business's revenue for the quarter was up 9.9% on a year-over-year basis. As a group, sell-side analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

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

Insider Buying and Selling 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 value of $2,270,800.00. Following the completion of the transaction, the chairman now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the company'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 sale, the insider now directly owns 39,640 shares in the company, valued at approximately $2,093,388.40. The trade was a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,842 shares of company stock valued at $2,480,861 over the last quarter. 4.47% of the stock is owned by company insiders.

Analyst Ratings Changes

ROL has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price objective on shares of Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Barclays increased their price target on Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Canaccord Genuity Group boosted their price objective on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, April 25th. 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. Finally, The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the company a "buy" rating in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Rollins currently has an average rating of "Moderate Buy" and a consensus target price of $58.78.

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.