EverSource Wealth Advisors LLC Buys 323 Shares of Rollins, Inc. (NYSE:ROL)

EverSource Wealth Advisors LLC lifted its stake in Rollins, Inc. (NYSE:ROL) by 5.5% in the 1st quarter, HoldingsChannel reports. The fund owned 6,181 shares of the business services provider’s stock after purchasing an additional 323 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Rollins were worth $275,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale grew its stake in Rollins by 350.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 368,521 shares of the business services provider’s stock worth $17,118,000 after buying an additional 286,780 shares during the last quarter. Cambridge Trust Co. grew its stake in Rollins by 4.1% during the 1st quarter. Cambridge Trust Co. now owns 50,055 shares of the business services provider’s stock worth $2,316,000 after buying an additional 1,958 shares during the last quarter. Cetera Advisors LLC purchased a new stake in Rollins during the 1st quarter valued at about $319,000. Cetera Investment Advisers grew its stake in Rollins by 4,697.4% during the 1st quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock valued at $14,997,000 after purchasing an additional 317,353 shares during the last quarter. Finally, Atria Investments Inc grew its stake in Rollins by 0.3% during the 1st quarter. Atria Investments Inc now owns 105,501 shares of the business services provider’s stock valued at $4,882,000 after purchasing an additional 278 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was 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 of the company’s stock, valued at approximately $4,543,999.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total transaction of $224,084.52. Following the completion of the transaction, the insider now owns 95,023 shares of the company’s stock, valued at $4,543,999.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kenneth D. Krause sold 3,331 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total value of $158,222.50. Following 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. In the last 90 days, insiders sold 20,017 shares of company stock valued at $948,707. 4.69% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ROL has been the topic of several research analyst reports. Morgan Stanley boosted their price target on Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. UBS Group reiterated a “neutral” rating and set a $49.00 price target on shares of Rollins in a research note on Monday, April 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Rollins presently has a consensus rating of “Moderate Buy” and an average target price of $46.60.

Rollins Stock Performance

Shares of ROL stock traded up $0.61 on Friday, hitting $48.01. The company had a trading volume of 1,614,863 shares, compared to its average volume of 1,765,380. The firm has a market cap of $23.25 billion, a P/E ratio of 53.94, a price-to-earnings-growth ratio of 3.72 and a beta of 0.70. The company has a 50-day moving average price of $48.43 and a 200-day moving average price of $45.97. 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, Inc. has a twelve month low of $32.19 and a twelve month high of $50.87.

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

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be issued a $0.15 dividend. The ex-dividend date is Monday, August 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.25%. Rollins’s payout ratio is 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.