Azzad Asset Management Inc. ADV Raises Position in Rollins, Inc. (NYSE:ROL)

Azzad Asset Management Inc. ADV increased its holdings in Rollins, Inc. (NYSE:ROL) by 36.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 46,555 shares of the business services provider’s stock after acquiring an additional 12,526 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Rollins were worth $2,154,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC raised its position in shares of Rollins by 72.4% in the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock worth $27,000 after buying an additional 260 shares in the last quarter. Spire Wealth Management raised its position 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 buying an additional 440 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Rollins in the fourth quarter worth $36,000. Blue Trust Inc. raised 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 worth $63,000 after buying an additional 577 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Rollins by 22.3% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Up 2.2 %

Shares of NYSE:ROL opened at $50.23 on Thursday. The stock’s 50-day moving average price is $47.16 and its 200-day moving average price is $45.08. Rollins, Inc. has a 12-month low of $32.19 and a 12-month high of $50.31. The stock has a market capitalization of $24.32 billion, a P/E ratio of 56.44, a price-to-earnings-growth ratio of 3.75 and a beta of 0.70. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Rollins had a return on equity of 37.73% and a net margin of 13.94%. The firm had revenue of $748.35 million for the quarter, compared to analysts’ expectations of $739.12 million. During the same period last year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities analysts anticipate that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.19%. Rollins’s dividend payout ratio (DPR) is currently 67.42%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley raised their price target on Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, UBS Group restated a “neutral” rating and set a $49.00 price target on shares of Rollins in a research report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Insider Activity

In other news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the firm’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 transaction, the chief executive officer now directly owns 288,671 shares of the company’s stock, valued at $13,625,271.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $47.20, for a total value of $566,400.00. Following the sale, the chief executive officer now directly owns 288,671 shares of the company’s stock, valued at $13,625,271.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kenneth D. Krause sold 3,331 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total value of $158,222.50. Following the completion of the sale, 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. Over the last three months, insiders have sold 20,331 shares of company stock valued at $949,623. 4.69% of the stock is currently owned by insiders.

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.