Rollins, Inc. (NYSE:ROL) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP grew its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 210.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,186,257 shares of the business services provider's stock after acquiring an additional 804,129 shares during the quarter. First Trust Advisors LP owned about 0.24% of Rollins worth $54,983,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Murphy & Mullick Capital Management Corp bought a new position in Rollins in the 4th quarter valued at about $29,000. Centricity Wealth Management LLC acquired a new stake in Rollins in the fourth quarter worth approximately $31,000. Mizuho Bank Ltd. bought a new position in Rollins during the 4th quarter valued at $37,000. Versant Capital Management Inc increased its position in shares of Rollins by 57.8% during the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider's stock valued at $41,000 after purchasing an additional 326 shares during the period. Finally, Atala Financial Inc acquired a new stake in shares of Rollins in the fourth quarter valued at $47,000. Institutional investors own 51.79% of the company's stock.

Rollins Stock Performance

Shares of ROL stock opened at $55.67 on Wednesday. The company has a market capitalization of $27.00 billion, a price-to-earnings ratio of 57.99 and a beta of 0.80. Rollins, Inc. has a 1-year low of $42.25 and a 1-year high of $56.83. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The stock's fifty day simple moving average is $52.64 and its 200-day simple moving average is $50.06.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. On average, sell-side analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.19%. Rollins's dividend payout ratio (DPR) is presently 68.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ROL shares. UBS Group boosted their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. Barclays raised their target price on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. StockNews.com upgraded Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Royal Bank of Canada lifted their target price on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Finally, Morgan Stanley upped their target price on Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $54.50.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the completion of the sale, the insider now directly owns 76,526 shares in the company, valued at $3,916,600.68. The trade was a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the transaction, the insider now owns 41,173 shares in the company, valued at approximately $2,131,937.94. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,259 shares of company stock worth $1,047,330. Corporate insiders own 4.47% of the company's stock.

Rollins Company 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.

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