Rollins, Inc. (NYSE:ROL) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. decreased its position in Rollins, Inc. (NYSE:ROL) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,985 shares of the business services provider’s stock after selling 3,033 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Rollins were worth $1,902,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its holdings in shares of Rollins by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 203 shares in the last quarter. Czech National Bank raised its stake in Rollins by 0.5% in the first quarter. Czech National Bank now owns 49,396 shares of the business services provider’s stock valued at $2,286,000 after buying an additional 226 shares in the last quarter. Quent Capital LLC lifted its holdings in Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after buying an additional 236 shares during the last quarter. RB Capital Management LLC boosted its position in shares of Rollins by 1.1% during the 1st quarter. RB Capital Management LLC now owns 25,114 shares of the business services provider’s stock worth $1,162,000 after acquiring an additional 275 shares in the last quarter. Finally, Atria Investments Inc increased its holdings in shares of Rollins by 0.3% in the 1st quarter. Atria Investments Inc now owns 105,501 shares of the business services provider’s stock valued at $4,882,000 after acquiring an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

ROL stock opened at $50.18 on Tuesday. The business has a 50 day simple moving average of $49.02 and a 200-day simple moving average of $46.78. The company has a market capitalization of $24.30 billion, a P/E ratio of 56.38, a PEG ratio of 3.94 and a beta of 0.70. Rollins, Inc. has a twelve month low of $32.19 and a twelve month high of $50.87. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $891.90 million for the quarter, compared to the consensus estimate of $895.02 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. Rollins’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $0.23 EPS. As a group, equities analysts anticipate that Rollins, Inc. will post 1 EPS for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Monday, August 12th. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

Insider Activity at Rollins

In other Rollins news, CFO Kenneth D. Krause sold 3,331 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 90,747 shares of the company’s stock, valued at approximately $4,310,482.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of Rollins 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 sale, the chief executive officer now 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 SEC, which can be accessed through this hyperlink. Also, CFO Kenneth D. Krause sold 3,331 shares of the 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 transaction, the chief financial officer now directly owns 90,747 shares of the company’s stock, valued at $4,310,482.50. The disclosure for this sale can be found here. Insiders have sold 20,017 shares of company stock worth $948,707 in the last quarter. Company insiders own 4.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ROL. Wells Fargo & Company assumed coverage on Rollins in a research note on Monday, August 12th. They set an “overweight” rating and a $54.00 target price for the company. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.83.

Rollins 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.