Castlekeep Investment Advisors LLC Makes New Investment in Rollins, Inc. (NYSE:ROL)

Castlekeep Investment Advisors LLC acquired a new position in shares of Rollins, Inc. (NYSE:ROL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,204 shares of the business services provider’s stock, valued at approximately $380,000.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Rollins by 34.8% in the 3rd quarter. Barclays PLC now owns 721,467 shares of the business services provider’s stock valued at $36,491,000 after acquiring an additional 186,452 shares during the period. Merit Financial Group LLC purchased a new position in shares of Rollins in the 4th quarter valued at $225,000. Ballentine Partners LLC increased its holdings in shares of Rollins by 8.4% in the 4th quarter. Ballentine Partners LLC now owns 7,729 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 598 shares during the period. Mutual Advisors LLC increased its holdings in shares of Rollins by 12.9% in the 4th quarter. Mutual Advisors LLC now owns 5,405 shares of the business services provider’s stock valued at $261,000 after acquiring an additional 618 shares during the period. Finally, Sound Income Strategies LLC increased its holdings in shares of Rollins by 28,808.7% in the 4th quarter. Sound Income Strategies LLC now owns 6,649 shares of the business services provider’s stock valued at $308,000 after acquiring an additional 6,626 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the sale, the insider now owns 41,173 shares of the company’s stock, valued at approximately $2,131,937.94. The trade was a 4.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the sale, the insider now directly owns 9,602 shares of the company’s stock, valued at approximately $509,866.20. This represents a 25.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,987 shares of company stock valued at $480,725. 4.47% of the stock is owned by company insiders.

Rollins Stock Up 0.2%

Rollins stock opened at $56.86 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The stock has a market capitalization of $27.56 billion, a price-to-earnings ratio of 59.23 and a beta of 0.79. Rollins, Inc. has a 1-year low of $45.00 and a 1-year high of $57.63. The business has a fifty day moving average price of $54.87 and a 200-day moving average price of $51.30.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The company had revenue of $822.50 million during the quarter, compared to analysts’ expectations of $817.09 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, April 25th. Royal Bank of Canada lifted their price target on Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Wall Street Zen upgraded Rollins from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. Morgan Stanley raised their price objective on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Barclays raised their price objective on Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.57.

Rollins Company 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.