Peak Financial Advisors LLC Purchases New Position in Rollins, Inc. $ROL

Peak Financial Advisors LLC acquired a new position in Rollins, Inc. (NYSE:ROL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 43,316 shares of the business services provider’s stock, valued at approximately $2,544,000. Rollins comprises approximately 1.2% of Peak Financial Advisors LLC’s portfolio, making the stock its 22nd biggest holding.

Several other hedge funds have also modified their holdings of the company. Thrive Wealth Management LLC boosted its position in shares of Rollins by 2.7% during the 3rd quarter. Thrive Wealth Management LLC now owns 6,473 shares of the business services provider’s stock valued at $380,000 after acquiring an additional 172 shares during the last quarter. Red Spruce Capital LLC raised its stake in Rollins by 1.2% during the second quarter. Red Spruce Capital LLC now owns 15,875 shares of the business services provider’s stock valued at $896,000 after purchasing an additional 182 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC raised its stake in Rollins by 9.2% during the second quarter. Mowery & Schoenfeld Wealth Management LLC now owns 2,601 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 220 shares in the last quarter. Wealth Alliance LLC lifted its position in Rollins by 2.1% during the second quarter. Wealth Alliance LLC now owns 10,687 shares of the business services provider’s stock valued at $603,000 after purchasing an additional 223 shares during the last quarter. Finally, Ballentine Partners LLC lifted its position in Rollins by 2.8% during the second quarter. Ballentine Partners LLC now owns 8,242 shares of the business services provider’s stock valued at $465,000 after purchasing an additional 225 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Rollins news, insider Thomas D. Tesh sold 2,396 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $59.73, for a total value of $143,113.08. Following the completion of the sale, the insider owned 31,627 shares of the company’s stock, valued at approximately $1,889,080.71. This trade represents a 7.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.47% of the company’s stock.

Rollins Trading Up 1.2%

NYSE:ROL opened at $60.18 on Thursday. The stock has a market capitalization of $29.17 billion, a price-to-earnings ratio of 56.24 and a beta of 0.79. Rollins, Inc. has a 52 week low of $45.34 and a 52 week high of $61.84. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $58.53 and a 200 day moving average of $57.51.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were given a dividend of $0.1825 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.73 annualized dividend and a yield of 1.2%. This is an increase from Rollins’s previous quarterly dividend of $0.17. Rollins’s dividend payout ratio is currently 68.22%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group set a $55.00 target price on shares of Rollins and gave the stock a “hold” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Rollins in a research report on Monday. JPMorgan Chase & Co. began coverage on Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective on the stock. Wells Fargo & Company set a $63.00 price objective on Rollins and gave the company an “overweight” rating in a report on Tuesday, October 28th. Finally, Barclays upgraded shares of Rollins from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $60.00 to $72.00 in a report on Friday, December 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.25.

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.