Wells Fargo & Company MN Grows Stake in Rollins, Inc. (NYSE:ROL)

Wells Fargo & Company MN lifted its position in Rollins, Inc. (NYSE:ROL) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,019,876 shares of the business services provider’s stock after purchasing an additional 125,812 shares during the quarter. Wells Fargo & Company MN’s holdings in Rollins were worth $88,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Lindbrook Capital LLC grew its stake in Rollins by 72.4% in the 4th 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 lifted its holdings 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 worth $33,000 after acquiring an additional 440 shares during the last quarter. Principal Securities Inc. purchased a new position in Rollins in the fourth quarter worth $36,000. Operose Advisors LLC bought a new position in Rollins in the third quarter valued at $47,000. Finally, Blue Trust Inc. raised its position in Rollins by 65.9% during the fourth 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. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Activity

In other news, CFO Kenneth D. Krause sold 5,000 shares of Rollins stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the sale, the chief financial officer now directly owns 99,078 shares in the company, valued at approximately $4,575,422.04. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Traci Hornfeck sold 2,677 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $43.48, for a total transaction of $116,395.96. Following the transaction, the insider now owns 14,376 shares in the company, valued at $625,068.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kenneth D. Krause sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the sale, the chief financial officer now owns 99,078 shares of the company’s stock, valued at $4,575,422.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,824 shares of company stock valued at $809,058. Insiders own 4.69% of the company’s stock.

Rollins Price Performance

ROL opened at $45.38 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. Rollins, Inc. has a 1 year low of $32.19 and a 1 year high of $47.69. The stock’s 50 day simple moving average is $45.43 and its 200 day simple moving average is $43.49. The firm has a market cap of $21.97 billion, a price-to-earnings ratio of 50.99, a PEG ratio of 3.52 and a beta of 0.65.

Rollins (NYSE:ROL) last issued 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 for the quarter, compared to analysts’ expectations of $739.12 million. During the same quarter last year, the business earned $0.18 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. As a group, analysts predict that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, May 9th. Rollins’s payout ratio is 67.42%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ROL. UBS Group reiterated a “neutral” rating and issued a $49.00 price objective on shares of Rollins in a report on Monday, April 15th. Morgan Stanley boosted their target price on Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Rollins in a research note on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

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.