Abacus FCF Advisors LLC Has $3.12 Million Stock Position in Rollins, Inc. (NYSE:ROL)

Abacus FCF Advisors LLC boosted its position in Rollins, Inc. (NYSE:ROL) by 2.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 57,694 shares of the business services provider’s stock after purchasing an additional 1,451 shares during the period. Abacus FCF Advisors LLC’s holdings in Rollins were worth $3,117,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ROL. Norges Bank acquired a new stake in Rollins in the 4th quarter valued at about $176,784,000. Marshall Wace LLP lifted its stake in Rollins by 389.2% in the 4th quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock valued at $128,396,000 after purchasing an additional 2,203,859 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Rollins in the 4th quarter valued at about $81,747,000. Raymond James Financial Inc. acquired a new stake in Rollins in the 4th quarter valued at about $74,249,000. Finally, Geode Capital Management LLC lifted its position in Rollins by 17.6% during the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock worth $395,819,000 after acquiring an additional 1,282,508 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROL has been the subject of several research reports. Jefferies Financial Group upgraded shares of Rollins from a “hold” rating to a “buy” rating and raised their price objective for the stock from $55.00 to $65.00 in a research report on Monday, June 2nd. Wall Street Zen upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Canaccord Genuity Group raised their price objective on shares of Rollins from $49.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, April 25th. Morgan Stanley raised their price objective on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada raised their price objective on shares of Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and five have assigned 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 $56.75.

Rollins Stock Down 1.2%

NYSE ROL opened at $57.05 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $58.65. The company has a 50 day moving average of $55.82 and a 200-day moving average of $51.83. The company has a market cap of $27.65 billion, a price-to-earnings ratio of 59.43 and a beta of 0.77.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The company had revenue of $822.50 million during the quarter, compared to the consensus estimate of $817.09 million. During the same period in the previous year, the business earned $0.20 earnings per share. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities research analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be given a $0.165 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.16%. Rollins’s payout ratio is 66.67%.

Insider Activity at Rollins

In related news, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $56.54, for a total value of $108,613.34. Following the transaction, the insider now directly owns 38,028 shares of the company’s stock, valued at $2,150,103.12. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman John F. Wilson sold 40,000 shares of Rollins stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $56.77, for a total transaction of $2,270,800.00. Following the completion of the transaction, the chairman now directly owns 662,727 shares in the company, valued at $37,623,011.79. This trade represents a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,842 shares of company stock valued at $2,480,861 over the last three months. 4.47% of the stock is owned by insiders.

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.