Wahed Invest LLC Acquires 1,015 Shares of Rollins, Inc. (NYSE:ROL)

Wahed Invest LLC lifted its holdings in Rollins, Inc. (NYSE:ROL) by 25.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,963 shares of the business services provider’s stock after acquiring an additional 1,015 shares during the period. Wahed Invest LLC’s holdings in Rollins were worth $230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROL. Norges Bank bought a new position in Rollins during the fourth quarter valued at approximately $256,862,000. APG Asset Management US Inc. bought a new position in Rollins during the fourth quarter valued at approximately $77,075,000. TD Asset Management Inc boosted its stake in Rollins by 217.3% during the fourth quarter. TD Asset Management Inc now owns 2,468,600 shares of the business services provider’s stock valued at $107,804,000 after buying an additional 1,690,668 shares during the last quarter. Montrusco Bolton Investments Inc. bought a new position in Rollins during the fourth quarter valued at approximately $47,089,000. Finally, Epoch Investment Partners Inc. boosted its stake in Rollins by 102.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 1,688,661 shares of the business services provider’s stock valued at $73,744,000 after buying an additional 855,882 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 95,023 shares in the company, valued at approximately $4,543,999.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of Rollins stock in a transaction on Friday, June 7th. The stock was sold at an average price of $47.20, for a total value of $566,400.00. Following the transaction, the chief executive officer now directly owns 288,671 shares in the company, valued at approximately $13,625,271.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction on Thursday, August 1st. The shares were 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 in the company, valued at $4,543,999.86. The disclosure for this sale can be found here. Insiders have sold 20,017 shares of company stock worth $948,707 in the last ninety days. 4.69% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Rollins Trading Up 1.3 %

Shares of NYSE ROL traded up $0.61 during midday trading on Friday, hitting $48.01. The company’s stock had a trading volume of 1,606,672 shares, compared to its average volume of 1,801,598. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $48.39 and its two-hundred day moving average is $45.92. Rollins, Inc. has a 12-month low of $32.19 and a 12-month high of $50.87. The firm has a market cap of $23.25 billion, a P/E ratio of 53.94, a price-to-earnings-growth ratio of 3.76 and a beta of 0.70.

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

Rollins Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.60 annualized dividend and a yield of 1.25%. Rollins’s payout ratio is currently 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.