Rollins, Inc. (NYSE:ROL) Shares Bought by Lmcg Investments LLC

Lmcg Investments LLC boosted its stake in shares of Rollins, Inc. (NYSE:ROL) by 4.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 142,781 shares of the business services provider’s stock after purchasing an additional 6,597 shares during the period. Lmcg Investments LLC’s holdings in Rollins were worth $6,966,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ROL. QRG Capital Management Inc. boosted its stake in shares of Rollins by 4.7% in the second quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock worth $222,000 after buying an additional 203 shares during the last quarter. Czech National Bank lifted its holdings in Rollins by 0.5% in the first quarter. Czech National Bank now owns 49,396 shares of the business services provider’s stock valued at $2,286,000 after acquiring an additional 226 shares during the period. Quent Capital LLC boosted its position in Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after purchasing an additional 236 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Rollins by 16.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock worth $86,000 after purchasing an additional 249 shares during the period. Finally, Tortoise Investment Management LLC grew its stake in shares of Rollins by 18.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,728 shares of the business services provider’s stock worth $84,000 after purchasing an additional 269 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

NYSE:ROL opened at $50.90 on Tuesday. The firm has a market cap of $24.65 billion, a P/E ratio of 57.19, a price-to-earnings-growth ratio of 3.93 and a beta of 0.70. The stock has a 50 day moving average of $49.16 and a two-hundred day moving average of $47.35. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $51.28. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The firm 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 firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. On average, analysts expect that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, August 12th. Rollins’s dividend payout ratio is currently 67.42%.

Insider Transactions at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the sale, the insider now owns 89,338 shares in the company, valued at approximately $4,533,010.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the sale, the insider now directly owns 89,338 shares in the company, valued at approximately $4,533,010.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the transaction, the insider now owns 95,023 shares in the company, valued at approximately $4,543,999.86. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ROL shares. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Rollins in a report on Thursday, July 25th. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Company initiated coverage on Rollins in a research report on Monday, August 12th. They issued an “overweight” rating and a $54.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

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.