Thrive Wealth Management LLC Buys New Holdings in Rollins, Inc. (NYSE:ROL)

Thrive Wealth Management LLC purchased a new position in shares of Rollins, Inc. (NYSE:ROLFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,001 shares of the business services provider’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Lindbrook Capital LLC increased its holdings in shares of Rollins by 72.4% during the 4th quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock worth $27,000 after acquiring an additional 260 shares during the last quarter. Spire Wealth Management grew its stake in Rollins by 139.7% in the 4th quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock valued at $33,000 after buying an additional 440 shares during the last quarter. Principal Securities Inc. bought a new position in Rollins in the 4th quarter valued at about $36,000. Operose Advisors LLC acquired a new stake in Rollins during the third quarter worth approximately $47,000. Finally, Blue Trust Inc. boosted its holdings 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 worth $63,000 after acquiring an additional 577 shares during the period. Institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ROL. UBS Group reiterated a “neutral” rating and set a $49.00 price objective on shares of Rollins in a research report on Monday, April 15th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, June 12th. Finally, Morgan Stanley boosted their price target on Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Rollins currently has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Get Our Latest Stock Analysis on Rollins

Rollins Price Performance

NYSE:ROL traded down $0.09 during mid-day trading on Thursday, reaching $49.35. The stock had a trading volume of 1,069,691 shares, compared to its average volume of 1,808,522. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $50.09. The stock has a market capitalization of $23.90 billion, a PE ratio of 55.45, a P/E/G ratio of 3.80 and a beta of 0.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.66. The stock has a 50-day simple moving average of $46.64 and a two-hundred day simple moving average of $44.87.

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

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, May 9th. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

Insider Buying and Selling

In other Rollins news, CFO Kenneth D. Krause sold 3,331 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total value of $158,222.50. Following the sale, 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 accessible through this link. In other Rollins news, CFO Kenneth D. Krause sold 3,331 shares of the company’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 transaction, the chief financial officer now owns 90,747 shares of the company’s stock, valued at approximately $4,310,482.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 12,000 shares of Rollins stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $47.20, for a total value of $566,400.00. Following the sale, 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. Insiders sold a total of 20,331 shares of company stock worth $949,623 in the last three months. 4.69% of the stock is owned by corporate 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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