AE Wealth Management LLC cut its holdings in Rollins, Inc. (NYSE:ROL – Free Report) by 72.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,879 shares of the business services provider’s stock after selling 35,908 shares during the quarter. AE Wealth Management LLC’s holdings in Rollins were worth $594,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its stake in Rollins by 834.5% in the second quarter. SG Americas Securities LLC now owns 86,212 shares of the business services provider’s stock valued at $3,692,000 after buying an additional 76,987 shares during the period. DNB Asset Management AS lifted its stake in Rollins by 9.4% in the second quarter. DNB Asset Management AS now owns 68,900 shares of the business services provider’s stock valued at $2,951,000 after buying an additional 5,920 shares during the period. Covea Finance lifted its stake in Rollins by 2.2% in the second quarter. Covea Finance now owns 660,745 shares of the business services provider’s stock valued at $28,300,000 after buying an additional 14,195 shares during the period. Nordea Investment Management AB lifted its stake in Rollins by 3.3% in the second quarter. Nordea Investment Management AB now owns 17,536 shares of the business services provider’s stock valued at $749,000 after buying an additional 552 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in Rollins in the second quarter valued at approximately $55,000. 38.98% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CEO Jerry Jr. Gahlhoff sold 7,000 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $38.00, for a total transaction of $266,000.00. Following the completion of the sale, the chief executive officer now owns 225,091 shares in the company, valued at $8,553,458. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Randall Rollins Voting Trus R. sold 44,509,814 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $34.39, for a total transaction of $1,530,692,503.46. Following the completion of the sale, the insider now directly owns 164,581,449 shares of the company’s stock, valued at approximately $5,659,956,031.11. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 7,000 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $38.00, for a total value of $266,000.00. Following the sale, the chief executive officer now directly owns 225,091 shares of the company’s stock, valued at $8,553,458. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Rollins
Rollins Trading Up 0.6 %
Shares of Rollins stock opened at $37.67 on Friday. The stock has a fifty day simple moving average of $39.55 and a 200 day simple moving average of $40.11. Rollins, Inc. has a 12-month low of $34.29 and a 12-month high of $45.04. The company has a market capitalization of $18.56 billion, a P/E ratio of 47.68 and a beta of 0.66. The company has a current ratio of 0.81, a quick ratio of 0.75 and a debt-to-equity ratio of 0.25.
Rollins (NYSE:ROL – Get Free Report) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Rollins had a return on equity of 31.00% and a net margin of 13.60%. The business had revenue of $820.75 million during the quarter, compared to the consensus estimate of $804.93 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. Rollins’s revenue was up 14.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Rollins, Inc. will post 0.86 earnings per share for the current fiscal year.
Rollins Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 10th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, August 9th. This represents a $0.52 annualized dividend and a yield of 1.38%. Rollins’s dividend payout ratio (DPR) is currently 65.82%.
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.
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