Founders Financial Alliance LLC Has $1.14 Million Position in Rollins, Inc. (NYSE:ROL)

Founders Financial Alliance LLC cut its stake in Rollins, Inc. (NYSE:ROL) by 3.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,253 shares of the business services provider’s stock after selling 788 shares during the quarter. Founders Financial Alliance LLC’s holdings in Rollins were worth $1,135,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. QRG Capital Management Inc. grew its position in Rollins by 4.7% during the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock worth $222,000 after acquiring an additional 203 shares during the last quarter. Czech National Bank raised its stake in shares of Rollins by 0.5% in the first quarter. Czech National Bank now owns 49,396 shares of the business services provider’s stock worth $2,286,000 after purchasing an additional 226 shares during the last quarter. Quent Capital LLC grew its stake in shares of Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after acquiring an additional 236 shares in the last quarter. Federated Hermes Inc. increased its stake in Rollins by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after buying an additional 249 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its position in Rollins by 18.4% in the second quarter. Tortoise Investment Management LLC now owns 1,728 shares of the business services provider’s stock worth $84,000 after purchasing an additional 269 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Performance

Shares of NYSE:ROL opened at $50.56 on Tuesday. 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 firm’s 50-day moving average is $49.37 and its 200 day moving average is $47.68. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $51.96. The company has a market capitalization of $24.48 billion, a price-to-earnings ratio of 56.81 and a beta of 0.70.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The company had revenue of $891.90 million during the quarter, compared to analyst estimates of $895.02 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. Rollins’s revenue was up 8.7% on a year-over-year basis. Research analysts predict that Rollins, Inc. will post 1 EPS for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 12th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Monday, August 12th. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

Insider Buying and Selling

In other news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the sale, the insider now directly owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total transaction of $237,716.90. Following the transaction, the insider now owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The sale was disclosed in a filing with the SEC, 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 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. 4.69% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ROL has been the subject of several research reports. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Wells Fargo & Company started coverage on shares of Rollins in a research note on Monday, August 12th. They issued an “overweight” rating and a $54.00 price target for the company. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Rollins has a consensus rating of “Moderate Buy” and a consensus price target of $47.83.

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.