Ashton Thomas Private Wealth LLC Purchases 740 Shares of Rollins, Inc. (NYSE:ROL)

Ashton Thomas Private Wealth LLC lifted its position in Rollins, Inc. (NYSE:ROL) by 18.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,765 shares of the business services provider’s stock after purchasing an additional 740 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Rollins were worth $221,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. grew its position in Rollins by 4.0% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 97,541 shares of the business services provider’s stock worth $4,521,000 after acquiring an additional 3,749 shares in the last quarter. Geneva Capital Management LLC grew its position in Rollins by 29.3% in the fourth quarter. Geneva Capital Management LLC now owns 716,277 shares of the business services provider’s stock worth $33,199,000 after acquiring an additional 162,414 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Rollins in the fourth quarter worth about $74,249,000. Arizona State Retirement System grew its position in Rollins by 1.4% in the fourth quarter. Arizona State Retirement System now owns 84,401 shares of the business services provider’s stock worth $3,912,000 after acquiring an additional 1,162 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in Rollins in the fourth quarter worth about $279,000. 51.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ROL. Wells Fargo & Company lifted their price target on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. UBS Group lifted their price target on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Morgan Stanley lifted their price target on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Canaccord Genuity Group boosted their target price on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Rollins presently has a consensus rating of “Hold” and an average price target of $52.00.

Insider Activity at Rollins

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the completion of the transaction, the insider now owns 76,526 shares of the company’s stock, valued at $3,916,600.68. The trade was a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Traci Hornfeck sold 3,224 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the transaction, the insider now directly owns 9,602 shares of the company’s stock, valued at $509,866.20. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,338 shares of company stock worth $945,882. Company insiders own 4.69% of the company’s stock.

Rollins Stock Down 0.7 %

Shares of NYSE ROL opened at $51.92 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The firm has a market capitalization of $25.14 billion, a price-to-earnings ratio of 54.09 and a beta of 0.78. The stock has a 50 day moving average price of $49.47 and a 200 day moving average price of $49.39. Rollins, Inc. has a 52-week low of $41.72 and a 52-week high of $53.72.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Sell-side analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were issued a $0.165 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.27%. Rollins’s payout ratio is 68.75%.

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.