Edge Capital Group LLC Trims Stake in Rollins, Inc. (NYSE:ROL)

Edge Capital Group LLC lessened its position in shares of Rollins, Inc. (NYSE:ROL) by 4.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 5,041 shares of the business services provider’s stock after selling 220 shares during the quarter. Edge Capital Group LLC’s holdings in Rollins were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Rollins by 24.9% in the second quarter. EverSource Wealth Advisors LLC now owns 7,717 shares of the business services provider’s stock valued at $370,000 after acquiring an additional 1,536 shares during the period. ProShare Advisors LLC raised its position in Rollins by 4.1% in the 2nd quarter. ProShare Advisors LLC now owns 62,174 shares of the business services provider’s stock valued at $3,033,000 after purchasing an additional 2,423 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Rollins by 1.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock valued at $489,036,000 after purchasing an additional 148,316 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in Rollins by 440.9% during the 2nd quarter. Bridges Investment Management Inc. now owns 261,049 shares of the business services provider’s stock worth $12,737,000 after purchasing an additional 212,789 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in Rollins by 8.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 8,870 shares of the business services provider’s stock worth $433,000 after purchasing an additional 666 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insiders Place Their Bets

In other news, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the completion of the transaction, the insider now owns 95,023 shares in the company, valued at approximately $4,543,999.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the sale, the insider now owns 95,023 shares in the company, valued at approximately $4,543,999.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the transaction, the insider now directly owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.

Analyst Upgrades and Downgrades

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

Rollins Price Performance

Shares of NYSE:ROL opened at $50.15 on Monday. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $51.96. The company has a 50-day moving average price of $49.24 and a 200 day moving average price of $47.52. The company has a market cap of $24.28 billion, a P/E ratio of 56.35, a PEG ratio of 3.99 and a beta of 0.70. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.41.

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

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.20%. Rollins’s payout ratio is currently 67.42%.

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.