Simon Quick Advisors LLC Has $463,000 Position in Rollins, Inc. (NYSE:ROL)

Simon Quick Advisors LLC increased its stake in shares of Rollins, Inc. (NYSE:ROL) by 41.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,566 shares of the business services provider’s stock after purchasing an additional 2,490 shares during the quarter. Simon Quick Advisors LLC’s holdings in Rollins were worth $463,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. City Holding Co. bought a new position in Rollins during the first quarter valued at approximately $27,000. Murphy & Mullick Capital Management Corp bought a new position in Rollins during the fourth quarter worth $29,000. Centricity Wealth Management LLC bought a new position in Rollins during the fourth quarter worth $31,000. Mizuho Bank Ltd. bought a new position in Rollins during the fourth quarter worth $37,000. Finally, Atala Financial Inc bought a new position in Rollins during the fourth quarter worth $47,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $56.54, for a total value of $108,613.34. Following the completion of the sale, the insider now directly owns 38,028 shares of the company’s stock, valued at $2,150,103.12. This represents a 4.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman John F. Wilson sold 40,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $56.77, for a total value of $2,270,800.00. Following the completion of the sale, the chairman now directly owns 662,727 shares of the company’s stock, valued at approximately $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. In the last three months, insiders sold 43,842 shares of company stock valued at $2,480,861. 4.47% of the stock is currently owned by insiders.

Rollins Stock Down 0.8%

Shares of NYSE:ROL opened at $56.81 on Friday. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $58.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The company’s fifty day moving average is $56.10 and its 200-day moving average is $51.98. The company has a market capitalization of $27.53 billion, a PE ratio of 59.18 and a beta of 0.77.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $817.09 million. During the same quarter in the previous year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th were issued a dividend of $0.165 per share. The ex-dividend date was Monday, May 12th. This represents a $0.66 annualized dividend and a yield of 1.16%. Rollins’s dividend payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

ROL has been the topic of a number of research reports. Wall Street Zen raised shares of Rollins from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Wells Fargo & Company boosted their target price on shares of Rollins from $62.00 to $63.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank of Canada boosted their target price 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. Canaccord Genuity Group lifted their price target on shares of Rollins from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, April 25th. Finally, Barclays lifted their price target on shares of Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.38.

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.