First Trust Direct Indexing L.P. Sells 561 Shares of Rollins, Inc. (NYSE:ROL)

First Trust Direct Indexing L.P. reduced its holdings in Rollins, Inc. (NYSE:ROL) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,941 shares of the business services provider’s stock after selling 561 shares during the period. First Trust Direct Indexing L.P.’s holdings in Rollins were worth $303,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROL. New York Life Investment Management LLC lifted its stake in shares of Rollins by 15.0% in the 4th quarter. New York Life Investment Management LLC now owns 39,988 shares of the business services provider’s stock valued at $1,746,000 after purchasing an additional 5,213 shares during the period. Buckhead Capital Management LLC lifted its stake in Rollins by 12.5% in the fourth quarter. Buckhead Capital Management LLC now owns 12,600 shares of the business services provider’s stock valued at $550,000 after buying an additional 1,402 shares during the period. Victory Capital Management Inc. lifted its stake in Rollins by 18.1% in the fourth quarter. Victory Capital Management Inc. now owns 217,791 shares of the business services provider’s stock valued at $9,511,000 after buying an additional 33,349 shares during the period. Van ECK Associates Corp boosted its holdings in Rollins by 27.2% during the fourth quarter. Van ECK Associates Corp now owns 48,836 shares of the business services provider’s stock worth $2,133,000 after buying an additional 10,445 shares during the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of Rollins by 7.9% during the 4th quarter. Retirement Systems of Alabama now owns 182,014 shares of the business services provider’s stock worth $7,949,000 after buying an additional 13,336 shares during the period. 51.79% of the stock is owned by institutional investors.

Rollins Stock Up 0.2 %

Shares of ROL stock opened at $47.18 on Wednesday. Rollins, Inc. has a 52-week low of $32.19 and a 52-week high of $47.62. The stock has a market cap of $22.85 billion, a price-to-earnings ratio of 53.01, a PEG ratio of 3.53 and a beta of 0.65. The firm’s 50-day moving average is $45.05 and its 200-day moving average is $42.71. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 0.72.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. Rollins had a return on equity of 37.73% and a net margin of 13.94%. The firm had revenue of $748.35 million for the quarter, compared to the consensus estimate of $739.12 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The business’s revenue was up 13.7% compared to the same quarter last year. Sell-side analysts predict that Rollins, Inc. will post 1 EPS for the current year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, May 9th. Rollins’s dividend payout ratio is 67.42%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ROL shares. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Morgan Stanley upped their price objective on shares of Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. UBS Group restated a “neutral” rating and issued a $49.00 price target on shares of Rollins in a report on Monday, April 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Insiders Place Their Bets

In other news, insider Traci Hornfeck sold 2,677 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $43.48, for a total value of $116,395.96. Following the transaction, the insider now directly owns 14,376 shares of the company’s stock, valued at $625,068.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Kenneth D. Krause sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the transaction, the chief financial officer now owns 99,078 shares of the company’s stock, valued at $4,575,422.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Traci Hornfeck sold 2,677 shares of Rollins stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $43.48, for a total value of $116,395.96. Following the sale, the insider now directly owns 14,376 shares of the company’s stock, valued at $625,068.48. The disclosure for this sale can be found here. Insiders sold a total of 27,824 shares of company stock valued at $1,219,558 over the last ninety days. 4.69% of the stock is currently owned by company insiders.

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.