Royal London Asset Management Ltd. Increases Position in Rollins, Inc. (NYSE:ROL)

Royal London Asset Management Ltd. boosted its stake in Rollins, Inc. (NYSE:ROL) by 12.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,359 shares of the business services provider’s stock after acquiring an additional 10,984 shares during the period. Royal London Asset Management Ltd.’s holdings in Rollins were worth $4,295,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC raised its stake in shares of Rollins by 72.4% during the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock worth $27,000 after purchasing an additional 260 shares during the last quarter. Beacon Pointe Advisors LLC boosted its holdings in shares of Rollins by 4.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 7,806 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 348 shares in the last quarter. Accretive Wealth Partners LLC increased its stake in shares of Rollins by 2.2% during the fourth quarter. Accretive Wealth Partners LLC now owns 16,759 shares of the business services provider’s stock worth $732,000 after acquiring an additional 355 shares during the period. Quadrant Capital Group LLC raised its holdings in Rollins by 22.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,004 shares of the business services provider’s stock worth $88,000 after purchasing an additional 365 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in Rollins by 5.9% in the fourth quarter. Ballentine Partners LLC now owns 7,126 shares of the business services provider’s stock valued at $311,000 after purchasing an additional 396 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rollins

In related news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the company’s stock in a transaction that occurred on 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 owns 288,671 shares of the company’s stock, valued at approximately $13,625,271.20. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 288,671 shares of the company’s stock, valued at approximately $13,625,271.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kenneth D. Krause sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the sale, the chief financial officer now directly owns 94,078 shares in the company, valued at $4,233,510. The disclosure for this sale can be found here. Insiders sold a total of 20,331 shares of company stock valued at $949,623 in the last ninety days. Corporate insiders own 4.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ROL. UBS Group reissued a “neutral” rating and set a $49.00 target price on shares of Rollins in a research note on Monday, April 15th. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Morgan Stanley upped their price target on shares of Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Rollins Price Performance

ROL stock traded up $0.64 during midday trading on Friday, hitting $48.50. 2,086,924 shares of the stock were exchanged, compared to its average volume of 1,290,223. The stock’s 50-day moving average price is $45.65 and its 200-day moving average price is $44.36. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 0.72. The stock has a market cap of $23.49 billion, a price-to-earnings ratio of 54.49, a PEG ratio of 3.70 and a beta of 0.66. Rollins, Inc. has a fifty-two week low of $32.19 and a fifty-two week high of $48.59.

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

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 10th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.24%. Rollins’s dividend payout ratio is presently 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.