Capital Square LLC Cuts Stake in Rollins, Inc. (NYSE:ROL)

Capital Square LLC trimmed its position in Rollins, Inc. (NYSE:ROL) by 10.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,934 shares of the business services provider’s stock after selling 600 shares during the period. Capital Square LLC’s holdings in Rollins were worth $250,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Montrusco Bolton Investments Inc. grew its holdings in shares of Rollins by 14.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after buying an additional 1,154,722 shares in the last quarter. Fiera Capital Corp purchased a new stake in Rollins during the 3rd quarter valued at about $43,225,000. Cetera Investment Advisers raised its holdings in Rollins by 4,697.4% in the 1st quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock valued at $14,997,000 after acquiring an additional 317,353 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Rollins by 350.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 368,521 shares of the business services provider’s stock worth $17,118,000 after purchasing an additional 286,780 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Rollins during the 2nd quarter worth approximately $13,580,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ROL shares. Barclays initiated coverage on Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company lifted their target price on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $49.83.

Insider Transactions at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the sale, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the transaction, the insider now owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The trade was a 4.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,120 shares of company stock worth $1,209,993. Company insiders own 4.69% of the company’s stock.

Rollins Trading Up 0.8 %

ROL stock traded up $0.43 during mid-day trading on Monday, hitting $51.06. 56,261 shares of the company were exchanged, compared to its average volume of 1,690,708. The business has a fifty day simple moving average of $49.52 and a 200-day simple moving average of $48.85. The firm has a market capitalization of $24.73 billion, a P/E ratio of 52.74 and a beta of 0.70. Rollins, Inc. has a 12-month low of $39.72 and a 12-month high of $52.16. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. During the same quarter in the previous year, the firm earned $0.28 EPS. Rollins’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities research analysts predict that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.29%. Rollins’s payout ratio is currently 68.75%.

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.