Rollins, Inc. (NYSE:ROL) Stake Boosted by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its stake in shares of Rollins, Inc. (NYSE:ROL) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,965 shares of the business services provider’s stock after acquiring an additional 1,004 shares during the period. Avantax Advisory Services Inc.’s holdings in Rollins were worth $1,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group purchased a new position in shares of Rollins during the 3rd quarter valued at $28,000. Centricity Wealth Management LLC purchased a new position in shares of Rollins during the 4th quarter valued at $31,000. True Wealth Design LLC grew its holdings in shares of Rollins by 4,272.2% during the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 769 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Rollins by 57.8% in the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after purchasing an additional 326 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its holdings in Rollins by 25.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider’s stock worth $66,000 after purchasing an additional 292 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ROL. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. Canaccord Genuity Group upped their price objective on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, February 14th. UBS Group upped their price objective on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Wells Fargo & Company upped their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Morgan Stanley upped their price objective on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Rollins has an average rating of “Hold” and a consensus target price of $52.00.

Insider Activity

In other news, insider Traci Hornfeck sold 3,224 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the transaction, the insider now owns 9,602 shares of the company’s stock, valued at approximately $509,866.20. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $51.78, for a total transaction of $99,469.38. Following the transaction, the insider now directly owns 41,173 shares of the company’s stock, valued at $2,131,937.94. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,338 shares of company stock valued at $945,882. Insiders own 4.69% of the company’s stock.

Rollins Stock Up 0.2 %

Rollins stock opened at $52.06 on Thursday. The firm has a market cap of $25.21 billion, a price-to-earnings ratio of 54.23 and a beta of 0.78. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. Rollins, Inc. has a fifty-two week low of $41.72 and a fifty-two week high of $53.72. The firm has a fifty day moving average price of $50.12 and a two-hundred day moving average price of $49.45.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share 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%. As a group, analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins’s dividend payout ratio is currently 68.75%.

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.