Thrive Wealth Management LLC Raises Holdings in Rollins, Inc. (NYSE:ROL)

Thrive Wealth Management LLC boosted its stake in Rollins, Inc. (NYSE:ROL) by 10.7% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,537 shares of the business services provider’s stock after buying an additional 536 shares during the quarter. Thrive Wealth Management LLC’s holdings in Rollins were worth $270,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in ROL. QRG Capital Management Inc. raised its holdings in Rollins by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 203 shares during the last quarter. Czech National Bank grew its holdings in Rollins by 0.5% in the 1st quarter. Czech National Bank now owns 49,396 shares of the business services provider’s stock valued at $2,286,000 after buying an additional 226 shares during the period. Quent Capital LLC increased its stake in shares of Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 236 shares during the last quarter. Lindbrook Capital LLC increased its position in Rollins by 72.4% during the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock worth $27,000 after purchasing an additional 260 shares during the last quarter. Finally, RB Capital Management LLC raised its stake in Rollins by 1.1% during the first quarter. RB Capital Management LLC now owns 25,114 shares of the business services provider’s stock worth $1,162,000 after purchasing an additional 275 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Stock Up 0.4 %

NYSE:ROL traded up $0.18 during trading hours on Friday, hitting $47.79. The stock had a trading volume of 1,512,735 shares, compared to its average volume of 1,829,366. The company has a market cap of $23.14 billion, a PE ratio of 53.70, a price-to-earnings-growth ratio of 3.75 and a beta of 0.70. The business has a 50 day simple moving average of $48.61 and a two-hundred day simple moving average of $46.10. Rollins, Inc. has a 1-year low of $32.19 and a 1-year high of $50.87. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, meeting 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 analyst estimates of $895.02 million. During the same period last year, the business earned $0.23 EPS. The business’s revenue was up 8.7% on a year-over-year basis. Analysts predict that Rollins, Inc. will post 1 EPS for the current year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Monday, August 12th. Rollins’s dividend payout ratio (DPR) is 67.42%.

Insider Activity at Rollins

In other Rollins news, CFO Kenneth D. Krause sold 3,331 shares of Rollins stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $47.50, for a total transaction of $158,222.50. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Rollins news, CFO Kenneth D. Krause sold 3,331 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Elizabeth B. Chandler sold 4,686 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total transaction of $224,084.52. Following the transaction, the insider now directly owns 95,023 shares of the company’s stock, valued at $4,543,999.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,017 shares of company stock valued at $948,707. Insiders own 4.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. UBS Group reissued a “neutral” rating and issued a $49.00 price objective on shares of Rollins in a research report on Monday, April 15th. Finally, Morgan Stanley lifted their target price on shares of Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.60.

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.