Rollins, Inc. (NYSE:ROL) Shares Sold by Greenleaf Trust

Greenleaf Trust reduced its stake in shares of Rollins, Inc. (NYSE:ROL) by 31.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,304 shares of the business services provider’s stock after selling 2,455 shares during the period. Greenleaf Trust’s holdings in Rollins were worth $232,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Rollins by 18.7% during the 3rd quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock worth $1,195,307,000 after acquiring an additional 5,041,371 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Rollins by 40.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock worth $346,923,000 after acquiring an additional 2,682,017 shares in the last quarter. Invesco Ltd. grew its holdings in Rollins by 18.4% during the 3rd quarter. Invesco Ltd. now owns 3,992,323 shares of the business services provider’s stock worth $149,033,000 after acquiring an additional 620,179 shares in the last quarter. Northern Trust Corp grew its holdings in Rollins by 10.9% during the 3rd quarter. Northern Trust Corp now owns 3,165,604 shares of the business services provider’s stock worth $118,172,000 after acquiring an additional 312,274 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Rollins by 19.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,200,424 shares of the business services provider’s stock worth $82,142,000 after acquiring an additional 363,386 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Rollins

In related news, insider Traci Hornfeck sold 2,677 shares of Rollins stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $43.48, for a total value of $116,395.96. Following the sale, the insider now directly owns 14,376 shares in the company, valued at approximately $625,068.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Rollins 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 sale, the insider now directly owns 14,376 shares in the company, valued at approximately $625,068.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth D. Krause sold 5,000 shares of the business’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 sale, the chief financial officer now owns 99,078 shares in the company, valued at $4,575,422.04. The disclosure for this sale can be found here. Insiders have sold a total of 22,824 shares of company stock worth $994,558 in the last ninety days. 4.69% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ROL. UBS Group reaffirmed a “neutral” rating and issued a $49.00 price target on shares of Rollins in a report on Monday, April 15th. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday. The Goldman Sachs Group began coverage on shares of Rollins in a report on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 price target for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Rollins has a consensus rating of “Moderate Buy” and a consensus target price of $46.83.

Rollins Trading Up 0.5 %

Shares of NYSE:ROL opened at $42.87 on Thursday. The company has a market cap of $20.77 billion, a PE ratio of 48.72, a P/E/G ratio of 3.37 and a beta of 0.63. The company’s 50-day moving average price is $44.41 and its 200 day moving average price is $42.04. Rollins, Inc. has a fifty-two week low of $32.19 and a fifty-two week high of $47.45. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.42.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $748.35 million for the quarter, compared to the consensus estimate of $739.12 million. Rollins had a net margin of 14.15% and a return on equity of 35.97%. Rollins’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm posted $0.18 EPS. Sell-side analysts anticipate that Rollins, Inc. will post 0.99 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. Investors of record on Friday, May 10th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.40%. Rollins’s dividend payout ratio is presently 68.18%.

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.