Seven Eight Capital LP Sells 12,792 Shares of Rollins, Inc. (NYSE:ROL)

Seven Eight Capital LP cut its holdings in Rollins, Inc. (NYSE:ROL) by 43.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,941 shares of the business services provider’s stock after selling 12,792 shares during the quarter. Seven Eight Capital LP’s holdings in Rollins were worth $784,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Rollins by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 32,438,440 shares of the business services provider’s stock valued at $1,500,927,000 after acquiring an additional 206,873 shares in the last quarter. Norges Bank purchased a new stake in Rollins during the 4th quarter valued at $256,862,000. TD Asset Management Inc raised its stake in Rollins by 14.5% during the 1st quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock valued at $130,765,000 after buying an additional 357,535 shares during the last quarter. Blair William & Co. IL raised its stake in Rollins by 1.4% during the 1st quarter. Blair William & Co. IL now owns 2,043,014 shares of the business services provider’s stock valued at $94,530,000 after buying an additional 27,806 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Rollins by 6.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,019,876 shares of the business services provider’s stock valued at $88,208,000 after buying an additional 125,812 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Rollins Price Performance

ROL stock traded down $0.70 during trading on Tuesday, reaching $49.95. The company’s stock had a trading volume of 1,281,587 shares, compared to its average volume of 1,776,018. Rollins, Inc. has a 1 year low of $32.19 and a 1 year high of $50.87. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $24.19 billion, a P/E ratio of 56.91, a price-to-earnings-growth ratio of 3.77 and a beta of 0.70. The company’s fifty day moving average is $48.16 and its 200-day moving average is $45.70.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Rollins had a return on equity of 37.73% and a net margin of 13.94%. The business had revenue of $748.35 million during the quarter, compared to analyst estimates of $739.12 million. During the same quarter in the prior year, the business posted $0.18 EPS. Rollins’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, research analysts expect that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.20%. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

Insider Buying and Selling at Rollins

In other Rollins news, CFO Kenneth D. Krause sold 3,331 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total transaction of $158,222.50. Following the completion of the transaction, the chief financial officer now 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 the SEC website. In related news, CFO Kenneth D. Krause sold 5,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the completion of the transaction, the chief financial officer now owns 94,078 shares of the company’s stock, valued at approximately $4,233,510. 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 shares were sold at an average price of $47.50, for a total transaction of $158,222.50. Following the completion of the transaction, the chief financial officer now directly owns 90,747 shares of the company’s stock, valued at approximately $4,310,482.50. The disclosure for this sale can be found here. Insiders sold 20,331 shares of company stock valued at $949,623 in the last 90 days. Insiders own 4.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group reiterated a “neutral” rating and set a $49.00 target price on shares of Rollins in a research note on Monday, April 15th. Morgan Stanley upped their price objective on Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Finally, StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $46.60.

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.