Wealth Enhancement Advisory Services LLC Sells 37,992 Shares of Rollins, Inc. (NYSE:ROL)

Wealth Enhancement Advisory Services LLC lowered its position in Rollins, Inc. (NYSE:ROL - Free Report) by 49.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,447 shares of the business services provider's stock after selling 37,992 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Rollins were worth $1,828,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Rollins by 9.7% in the fourth 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. Jones Financial Companies Lllp raised its holdings in shares of Rollins by 169.6% in the fourth 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. Proficio Capital Partners LLC purchased a new stake in shares of Rollins in the fourth quarter valued at about $4,943,000. Royal London Asset Management Ltd. raised its holdings in shares of Rollins by 15.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 151,548 shares of the business services provider's stock valued at $7,024,000 after purchasing an additional 20,156 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Rollins by 34.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,172 shares of the business services provider's stock valued at $1,454,000 after purchasing an additional 7,939 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Insiders Place Their Bets

In other Rollins news, Chairman John F. Wilson sold 40,000 shares of the company's 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 completion of the transaction, the chairman now directly owns 662,727 shares in the company, valued at $37,623,011.79. This represents a 5.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the transaction, the insider now owns 41,173 shares of the company's stock, valued at $2,131,937.94. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,763 shares of company stock valued at $2,580,331. 4.47% of the stock is owned by insiders.

Rollins Price Performance

Shares of ROL stock traded down $0.06 during trading hours on Friday, hitting $57.78. 887,462 shares of the company's stock were exchanged, compared to its average volume of 1,746,314. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $58.65. The business's 50 day simple moving average is $55.82 and its 200-day simple moving average is $51.79. The company has a market capitalization of $28.00 billion, a PE ratio of 60.18 and a beta of 0.77.

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. The firm had revenue of $822.50 million for the quarter, compared to analysts' expectations of $817.09 million. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The company's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 EPS. On average, equities research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Monday, May 12th. Rollins's dividend payout ratio (DPR) is 66.67%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ROL. Canaccord Genuity Group raised their price objective on shares of Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a report on Friday, April 25th. Morgan Stanley raised their price objective on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Jefferies Financial Group upgraded shares of Rollins from a "hold" rating to a "buy" rating and raised their price objective for the stock from $55.00 to $65.00 in a report on Monday, June 2nd. Wall Street Zen upgraded shares of Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Finally, The Goldman Sachs Group set a $61.00 price objective on shares of Rollins and gave the stock a "buy" rating in a report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $56.75.

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.