Rollins, Inc. (NYSE:ROL) Stake Boosted by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its position in shares of Rollins, Inc. (NYSE:ROL) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,635 shares of the business services provider’s stock after purchasing an additional 1,116 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Rollins were worth $1,698,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Montrusco Bolton Investments Inc. lifted its stake in Rollins by 14.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after purchasing an additional 1,154,722 shares during the last quarter. Geode Capital Management LLC increased its position in Rollins by 2.2% in the third quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock worth $366,821,000 after buying an additional 157,619 shares during the period. JPMorgan Chase & Co. increased its position in Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after buying an additional 420,399 shares during the period. Charles Schwab Investment Management Inc. increased its position in Rollins by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider’s stock worth $104,347,000 after buying an additional 83,326 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Rollins by 8.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider’s stock worth $103,471,000 after buying an additional 164,720 shares during the period. 51.79% of the stock is currently owned by institutional investors.

Rollins Price Performance

NYSE:ROL opened at $52.06 on Thursday. The business’s 50-day moving average price is $50.12 and its 200 day moving average price is $49.45. The firm has a market cap of $25.21 billion, a P/E ratio of 54.23 and a beta of 0.78. Rollins, Inc. has a 52-week low of $41.72 and a 52-week high of $53.72. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL) last released its 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 return on equity of 37.94% and a net margin of 13.76%. As a group, sell-side analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

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

Insider Activity at Rollins

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $51.18, for a total value of $675,217.74. Following the completion of the transaction, the insider now owns 76,526 shares in the company, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the transaction, the insider now owns 41,173 shares of the company’s stock, valued at $2,131,937.94. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,338 shares of company stock worth $945,882 in the last quarter. 4.69% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Canaccord Genuity Group increased their target price on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. Morgan Stanley increased their target price on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. UBS Group raised their price target on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Finally, StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $52.00.

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.