New England Research & Management Inc. Has $243,000 Stock Position in Rollins, Inc. (NYSE:ROL)

New England Research & Management Inc. trimmed its position in Rollins, Inc. (NYSE:ROL) by 22.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,975 shares of the business services provider’s stock after selling 1,425 shares during the quarter. New England Research & Management Inc.’s holdings in Rollins were worth $243,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Rollins by 0.6% during the first quarter. Vanguard Group Inc. now owns 32,438,440 shares of the business services provider’s stock valued at $1,500,927,000 after purchasing an additional 206,873 shares in the last quarter. Norges Bank purchased a new position in Rollins during the fourth quarter valued at approximately $256,862,000. TD Asset Management Inc grew its position in Rollins by 14.5% during the first quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock valued at $130,765,000 after purchasing an additional 357,535 shares in the last quarter. Blair William & Co. IL grew its position in Rollins by 1.4% during the first quarter. Blair William & Co. IL now owns 2,043,014 shares of the business services provider’s stock valued at $94,530,000 after purchasing an additional 27,806 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Rollins by 6.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,019,876 shares of the business services provider’s stock valued at $88,208,000 after purchasing an additional 125,812 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rollins

In other news, CFO Kenneth D. Krause sold 3,331 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total value of $158,222.50. Following the completion of the sale, the chief financial officer now directly owns 90,747 shares in the company, valued at $4,310,482.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Kenneth D. Krause sold 3,331 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total transaction of $158,222.50. Following the completion of the transaction, the chief financial officer now directly owns 90,747 shares in the company, valued at approximately $4,310,482.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $47.20, for a total transaction of $566,400.00. Following the transaction, the chief executive officer now owns 288,671 shares of the company’s stock, valued at $13,625,271.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,017 shares of company stock worth $948,707. 4.69% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ROL shares. Morgan Stanley boosted their price objective on shares of Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. UBS Group reissued a “neutral” rating and issued a $49.00 target price on shares of Rollins in a research report on Monday, April 15th. Finally, StockNews.com raised shares of 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.60.

Rollins Stock Up 0.5 %

ROL stock traded up $0.23 during trading hours on Tuesday, hitting $47.86. The company’s stock had a trading volume of 1,611,629 shares, compared to its average volume of 1,801,711. The stock has a 50 day moving average price of $48.46 and a two-hundred day moving average price of $46.01. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.41. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $50.87. The company has a market capitalization of $23.18 billion, a PE ratio of 53.78, a price-to-earnings-growth ratio of 3.77 and a beta of 0.70.

Rollins (NYSE:ROL) last issued its quarterly earnings data 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 net margin of 14.23% and a return on equity of 40.10%. The business had revenue of $891.90 million during the quarter, compared to analysts’ expectations of $895.02 million. During the same period in the previous year, the company earned $0.23 earnings per share. Rollins’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities research analysts expect that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, August 12th. Rollins’s payout ratio is 67.42%.

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.