Gateway Investment Advisers LLC Buys New Shares in Rollins, Inc. (NYSE:ROL)

Gateway Investment Advisers LLC bought a new stake in shares of Rollins, Inc. (NYSE:ROL) during the first quarter, Holdings Channel reports. The institutional investor bought 5,433 shares of the business services provider’s stock, valued at approximately $251,000.

Other institutional investors also recently modified their holdings of the company. Lindbrook Capital LLC lifted 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 acquiring an additional 260 shares during the period. Spire Wealth Management lifted its position in shares of Rollins by 139.7% during the 4th quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 440 shares during the period. Principal Securities Inc. bought a new stake in Rollins during the 4th quarter valued at $36,000. Operose Advisors LLC bought a new stake in Rollins during the 3rd quarter valued at $47,000. Finally, Blue Trust Inc. increased its stake in Rollins by 65.9% during the 4th quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 577 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ROL. UBS Group restated a “neutral” rating and set a $49.00 price target on shares of Rollins in a research note on Monday, April 15th. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, June 12th. Finally, Morgan Stanley boosted their price target on shares of 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 company’s stock. Based on data from MarketBeat.com, Rollins presently has an average rating of “Moderate Buy” and an average price target of $47.00.

Insider Transactions at Rollins

In related news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 288,671 shares of the company’s stock, valued at approximately $13,625,271.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 288,671 shares of the company’s stock, valued at approximately $13,625,271.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kenneth D. Krause sold 3,331 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total transaction of $158,222.50. Following the completion of the transaction, the chief financial officer now directly owns 90,747 shares in the company, valued at $4,310,482.50. 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 quarter. 4.69% of the stock is currently owned by corporate insiders.

Rollins Stock Performance

NYSE ROL opened at $49.43 on Thursday. Rollins, Inc. has a 1 year low of $32.19 and a 1 year high of $50.09. 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 firm has a market cap of $23.94 billion, a price-to-earnings ratio of 55.54, a PEG ratio of 3.80 and a beta of 0.66. The company has a fifty day moving average price of $46.51 and a 200-day moving average price of $44.84.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The firm had revenue of $748.35 million during the quarter, compared to analyst estimates of $739.12 million. During the same quarter in the prior year, the business posted $0.18 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. As a group, equities research analysts predict that Rollins, Inc. will post 1 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.21%. Rollins’s payout ratio is 67.42%.

Rollins Company Profile

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.