Rollins, Inc. (NYSE:ROL) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 2.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 27,760 shares of the business services provider’s stock after selling 655 shares during the quarter. Griffin Asset Management Inc.’s holdings in Rollins were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its position in 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 period. Spire Wealth Management raised its stake in shares of Rollins by 139.7% in the fourth quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock worth $33,000 after purchasing an additional 440 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Rollins during the fourth quarter worth about $36,000. Blue Trust Inc. boosted its position in 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 buying an additional 577 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Rollins by 22.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,004 shares of the business services provider’s stock worth $88,000 after buying an additional 365 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, June 12th. 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. Finally, Morgan Stanley increased their price target on Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Rollins presently has an average rating of “Moderate Buy” and an average price target of $47.00.

Insiders Place Their Bets

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 stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the completion of the sale, the chief financial officer now directly owns 94,078 shares in the company, valued at $4,233,510. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Kenneth D. Krause sold 5,000 shares of Rollins stock in a transaction dated 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 owns 94,078 shares in the company, valued at $4,233,510. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $47.20, for a total transaction of $566,400.00. Following the sale, the chief executive officer now directly owns 288,671 shares of the company’s stock, valued at approximately $13,625,271.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,331 shares of company stock worth $949,623. 4.69% of the stock is owned by corporate insiders.

Rollins Price Performance

NYSE:ROL opened at $48.79 on Friday. 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 company has a 50 day moving average price of $46.77 and a 200-day moving average price of $44.94. Rollins, Inc. has a 1-year low of $32.19 and a 1-year high of $50.09. The firm has a market cap of $23.63 billion, a price-to-earnings ratio of 54.82, a price-to-earnings-growth ratio of 3.72 and a beta of 0.66.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.20 earnings per share for the quarter, meeting 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 net margin of 13.94% and a return on equity of 37.73%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 earnings per share. Equities research analysts forecast that Rollins, Inc. will post 1 EPS for the current year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 10th were issued a $0.15 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.23%. Rollins’s payout ratio is 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.