Rollins, Inc. $ROL Shares Acquired by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. grew its position in Rollins, Inc. (NYSE:ROL) by 2.1% during the second quarter, Holdings Channel reports. The firm owned 16,876 shares of the business services provider’s stock after acquiring an additional 351 shares during the period. Koshinski Asset Management Inc.’s holdings in Rollins were worth $952,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Chevy Chase Trust Holdings LLC increased its holdings in shares of Rollins by 0.8% in the second quarter. Chevy Chase Trust Holdings LLC now owns 148,474 shares of the business services provider’s stock valued at $8,377,000 after purchasing an additional 1,181 shares during the period. Values First Advisors Inc. acquired a new stake in Rollins during the second quarter worth about $1,735,000. Allianz Asset Management GmbH grew its holdings in Rollins by 181.3% during the second quarter. Allianz Asset Management GmbH now owns 109,715 shares of the business services provider’s stock worth $6,190,000 after acquiring an additional 70,715 shares during the period. Generali Asset Management SPA SGR acquired a new stake in Rollins during the second quarter worth about $1,710,000. Finally, Harbour Investments Inc. grew its holdings in Rollins by 139.0% during the second quarter. Harbour Investments Inc. now owns 3,774 shares of the business services provider’s stock worth $213,000 after acquiring an additional 2,195 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on ROL. JPMorgan Chase & Co. began coverage on Rollins in a report on Friday, September 26th. They set an “overweight” rating and a $70.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a report on Tuesday, October 14th. Zacks Research lowered Rollins from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. UBS Group raised their price objective on Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Finally, Barclays raised their price objective on Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.18.

Insider Buying and Selling at Rollins

In other news, Chairman John F. Wilson sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $58.04, for a total value of $1,741,200.00. Following the transaction, the chairman owned 632,727 shares in the company, valued at $36,723,475.08. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.47% of the stock is currently owned by company insiders.

Rollins Stock Up 1.1%

Shares of ROL opened at $55.85 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12 month low of $45.34 and a 12 month high of $59.12. The stock’s 50 day moving average is $57.05 and its two-hundred day moving average is $56.51. The firm has a market cap of $27.07 billion, a P/E ratio of 55.30 and a beta of 0.69.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, July 23rd. The business services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $999.53 million for the quarter, compared to the consensus estimate of $988.77 million. Rollins had a return on equity of 36.96% and a net margin of 13.70%.The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. Analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Monday, August 11th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, August 11th. Rollins’s dividend payout ratio (DPR) is 65.35%.

About Rollins

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.