Axxcess Wealth Management LLC Has $2.08 Million Stock Position in Rollins, Inc. (NYSE:ROL)

Axxcess Wealth Management LLC boosted its position in Rollins, Inc. (NYSE:ROL) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 47,579 shares of the business services provider’s stock after purchasing an additional 1,498 shares during the period. Axxcess Wealth Management LLC’s holdings in Rollins were worth $2,078,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ROL. Chevy Chase Trust Holdings LLC lifted its stake in Rollins by 18.6% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 158,023 shares of the business services provider’s stock valued at $5,899,000 after purchasing an additional 24,782 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Rollins by 6.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 180,307 shares of the business services provider’s stock worth $6,731,000 after acquiring an additional 10,239 shares during the last quarter. Xponance Inc. lifted its position in Rollins by 14.8% during the third quarter. Xponance Inc. now owns 62,583 shares of the business services provider’s stock worth $2,336,000 after acquiring an additional 8,067 shares during the last quarter. Raymond James & Associates lifted its position in Rollins by 28.9% during the third quarter. Raymond James & Associates now owns 1,118,330 shares of the business services provider’s stock worth $41,747,000 after acquiring an additional 250,607 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Rollins by 8.1% during the third quarter. Bank of New York Mellon Corp now owns 2,128,158 shares of the business services provider’s stock worth $79,444,000 after acquiring an additional 158,964 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ROL shares. UBS Group reiterated a “neutral” rating and issued a $49.00 price target on shares of Rollins in a research report on Monday, April 15th. Morgan Stanley lifted their price objective on shares of Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Thursday, February 15th. Finally, StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Rollins Price Performance

Shares of NYSE ROL traded up $1.38 during midday trading on Friday, reaching $46.12. 1,947,294 shares of the company were exchanged, compared to its average volume of 2,000,080. The stock’s 50-day moving average price is $44.88 and its 200-day moving average price is $42.46. The stock has a market cap of $22.33 billion, a P/E ratio of 51.82, a PEG ratio of 3.53 and a beta of 0.65. Rollins, Inc. has a one year low of $32.19 and a one year high of $47.45. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.44.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $748.35 million for the quarter, compared to analysts’ expectations of $739.12 million. Rollins had a net margin of 13.94% and a return on equity of 37.73%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. On average, sell-side analysts anticipate 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 will be paid on Monday, June 10th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

Insider Transactions at Rollins

In other news, insider Elizabeth B. Chandler sold 10,000 shares of Rollins stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total transaction of $410,500.00. Following the transaction, the insider now owns 99,709 shares in the company, valued at $4,093,054.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Kenneth D. Krause sold 5,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the transaction, the chief financial officer now owns 94,078 shares in the company, valued at $4,233,510. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Elizabeth B. Chandler sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total transaction of $410,500.00. Following the completion of the transaction, the insider now owns 99,709 shares in the company, valued at approximately $4,093,054.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,824 shares of company stock worth $1,219,558. Company insiders own 4.69% of the company’s stock.

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.