First Horizon Advisors Inc. Boosts Stock Position in Rollins, Inc. (NYSE:ROL)

First Horizon Advisors Inc. lifted its stake in shares of Rollins, Inc. (NYSE:ROL) by 36.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,195 shares of the business services provider’s stock after acquiring an additional 592 shares during the quarter. First Horizon Advisors Inc.’s holdings in Rollins were worth $96,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its position 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 valued at $27,000 after purchasing an additional 260 shares during the period. Operose Advisors LLC bought a new stake in Rollins during the third quarter valued at about $47,000. Blue Trust Inc. lifted its position in shares of Rollins by 65.9% in 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 in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Rollins in the third quarter worth about $75,000. Finally, UniSuper Management Pty Ltd grew its position in shares of Rollins by 43.8% during the third quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the business services provider’s stock worth $86,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Insiders Place Their Bets

In other news, insider Traci Hornfeck sold 2,677 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $43.48, for a total value of $116,395.96. Following the completion of the sale, the insider now owns 14,376 shares in the company, valued at approximately $625,068.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Traci Hornfeck sold 2,677 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $43.48, for a total transaction of $116,395.96. Following the completion of the sale, the insider now directly owns 14,376 shares of the company’s stock, valued at approximately $625,068.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total value of $410,500.00. Following the completion of the transaction, the insider now directly owns 99,709 shares in the company, valued at approximately $4,093,054.45. The disclosure for this sale can be found here. Insiders sold 27,824 shares of company stock valued at $1,219,558 over the last three months. 4.69% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group reissued a “neutral” rating and issued a $49.00 price target on shares of Rollins in a report on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Thursday, February 15th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, Morgan Stanley increased their price objective on shares of Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Rollins Stock Performance

Shares of NYSE:ROL opened at $47.10 on Tuesday. The firm has a fifty day simple moving average of $44.96 and a two-hundred day simple moving average of $42.61. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $22.81 billion, a P/E ratio of 52.92, a PEG ratio of 3.53 and a beta of 0.65. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $47.45.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $748.35 million for 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%. 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 firm posted $0.18 earnings per share. On average, analysts expect that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a $0.15 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.27%. Rollins’s dividend payout ratio is presently 67.42%.

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.