Annex Advisory Services LLC Cuts Stake in Rollins, Inc. (NYSE:ROL)

Annex Advisory Services LLC cut its holdings in Rollins, Inc. (NYSE:ROL) by 92.7% in the second quarter, HoldingsChannel reports. The firm owned 13,053 shares of the business services provider’s stock after selling 166,229 shares during the quarter. Annex Advisory Services LLC’s holdings in Rollins were worth $637,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROL. Lindbrook Capital LLC grew its holdings in shares of Rollins by 72.4% in the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 260 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Rollins by 139.7% in the fourth quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 440 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of Rollins in the fourth quarter valued at $36,000. Quent Capital LLC boosted its stake in Rollins by 43.9% during the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after buying an additional 236 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in Rollins by 22.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,004 shares of the business services provider’s stock worth $88,000 after buying an additional 365 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins 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 transaction, the insider now owns 95,023 shares in the company, valued at $4,543,999.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Kenneth D. Krause sold 3,331 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total transaction of $158,222.50. Following the sale, the chief financial officer now owns 90,747 shares in the company, valued at $4,310,482.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,686 shares of the business’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 sale, 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 have sold 20,017 shares of company stock worth $948,707 over the last quarter. Insiders own 4.69% of the company’s stock.

Analyst Upgrades and Downgrades

ROL has been the subject of several recent analyst reports. UBS Group reaffirmed a “neutral” rating and set a $49.00 price objective on shares of Rollins in a research note on Monday, April 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. Morgan Stanley lifted their price objective on shares of 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 report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Rollins presently has an average rating of “Moderate Buy” and a consensus price target of $46.60.

Rollins Stock Up 0.4 %

Shares of ROL stock traded up $0.18 on Friday, hitting $47.79. The stock had a trading volume of 1,512,735 shares, compared to its average volume of 1,829,366. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $48.61 and a 200 day moving average price of $46.08. The company has a market cap of $23.14 billion, a PE ratio of 53.70, a P/E/G ratio of 3.75 and a beta of 0.70. Rollins, Inc. has a one year low of $32.19 and a one year high of $50.87.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $891.90 million during 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%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. Research analysts anticipate that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.60 annualized dividend and a yield of 1.26%. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

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.