Rollins, Inc. (NYSE:ROL) Shares Sold by Ieq Capital LLC

Rollins, Inc. (NYSE:ROL) Shares Sold by Ieq Capital LLC


Ieq Capital LLC decreased its holdings in shares of Rollins, Inc. (NYSE:ROL – Free Report) by 17.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,081 shares of the business services provider’s stock after selling 1,299 shares during the period. Ieq Capital LLC’s holdings in Rollins were worth $266,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Rollins by 18.7% in the third quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock valued at $1,195,307,000 after purchasing an additional 5,041,371 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Rollins by 40.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock valued at $346,923,000 after purchasing an additional 2,682,017 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Rollins by 18.4% in the 3rd quarter. Invesco Ltd. now owns 3,992,323 shares of the business services provider’s stock valued at $149,033,000 after purchasing an additional 620,179 shares during the period. Northern Trust Corp boosted its holdings in Rollins by 10.9% during the third quarter. Northern Trust Corp now owns 3,165,604 shares of the business services provider’s stock worth $118,172,000 after buying an additional 312,274 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Rollins by 23.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,085,834 shares of the business services provider’s stock valued at $77,864,000 after buying an additional 397,443 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insider Transactions at Rollins

In other news, CFO Kenneth D. Krause sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the sale, the chief financial officer now directly owns 94,078 shares of the company’s stock, valued at approximately $4,233,510. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Elizabeth B. Chandler sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $41.05, for a total value of $410,500.00. Following the sale, the insider now owns 99,709 shares in the company, valued at approximately $4,093,054.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kenneth D. Krause sold 5,000 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the transaction, the chief financial officer now directly owns 94,078 shares in the company, valued at approximately $4,233,510. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,824 shares of company stock worth $1,219,558. 4.69% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on Rollins

Rollins Trading Down 2.0 %

ROL opened at $46.13 on Friday. The firm has a market capitalization of $22.34 billion, a price-to-earnings ratio of 51.83, a price-to-earnings-growth ratio of 3.53 and a beta of 0.65. The company’s 50 day simple moving average is $45.41 and its two-hundred day simple moving average is $43.25. Rollins, Inc. has a 1-year low of $32.19 and a 1-year high of $47.69. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.72 and a quick ratio of 0.66.

Rollins (NYSE:ROL – Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $748.35 million for the quarter, compared to analysts’ expectations of $739.12 million. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS. Analysts expect that Rollins, Inc. will post 1 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, May 9th. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

About Rollins

(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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