Royal London Asset Management Ltd. Has $4.30 Million Stake in Rollins, Inc. (NYSE:ROL)

Royal London Asset Management Ltd. grew its stake in Rollins, Inc. (NYSE:ROLFree Report) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,359 shares of the business services provider’s stock after purchasing an additional 10,984 shares during the period. Royal London Asset Management Ltd.’s holdings in Rollins were worth $4,295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC raised its position in Rollins by 72.4% in the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 260 shares during the last quarter. Spire Wealth Management boosted its position in Rollins by 139.7% during the 4th quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock worth $33,000 after buying an additional 440 shares during the period. Principal Securities Inc. bought a new stake in Rollins during the 4th quarter worth approximately $36,000. Operose Advisors LLC acquired a new position in Rollins in the 3rd quarter valued at approximately $47,000. Finally, Blue Trust Inc. raised its stake in shares of Rollins by 65.9% during the fourth quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 577 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. UBS Group reissued a “neutral” rating and issued a $49.00 price target on shares of Rollins in a research note on Monday, April 15th. Finally, StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $47.00.

Get Our Latest Research Report on ROL

Rollins Trading Up 1.3 %

Shares of NYSE:ROL traded up $0.64 during midday trading on Friday, reaching $48.50. The company’s stock had a trading volume of 2,086,924 shares, compared to its average volume of 1,290,223. Rollins, Inc. has a fifty-two week low of $32.19 and a fifty-two week high of $48.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 0.72. The firm has a 50 day moving average price of $45.65 and a two-hundred day moving average price of $44.36. The firm has a market capitalization of $23.49 billion, a price-to-earnings ratio of 54.49, a PEG ratio of 3.70 and a beta of 0.66.

Rollins (NYSE:ROLGet Free Report) last issued its earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $748.35 million during the quarter, compared to the consensus estimate of $739.12 million. Rollins had a return on equity of 37.73% and a net margin of 13.94%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. As a group, analysts forecast that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, May 9th. Rollins’s dividend payout ratio is presently 67.42%.

Insiders Place Their Bets

In other news, CFO Kenneth D. Krause sold 3,331 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total transaction of $158,222.50. Following the transaction, the chief financial officer now owns 90,747 shares in the company, valued at $4,310,482.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Kenneth D. Krause sold 3,331 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total value of $158,222.50. Following the completion of the sale, the chief financial officer now directly owns 90,747 shares in the company, valued at approximately $4,310,482.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $47.20, for a total value of $566,400.00. Following the transaction, the chief executive officer now directly owns 288,671 shares in the company, valued at $13,625,271.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,331 shares of company stock worth $949,623. 4.69% of the stock is currently owned by company insiders.

Rollins Profile

(Free Report)

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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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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