Rollins, Inc. (NYSE:ROL) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its holdings in shares of Rollins, Inc. (NYSE:ROL) by 7.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,459 shares of the business services provider’s stock after selling 4,425 shares during the period. Quantbot Technologies LP’s holdings in Rollins were worth $2,704,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Rollins by 3.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 602,860 shares of the business services provider’s stock valued at $27,896,000 after acquiring an additional 22,113 shares during the last quarter. California State Teachers Retirement System lifted its position in Rollins by 1.7% in the first quarter. California State Teachers Retirement System now owns 467,452 shares of the business services provider’s stock valued at $21,629,000 after purchasing an additional 7,844 shares during the period. Tidal Investments LLC boosted its stake in shares of Rollins by 26.6% in the first quarter. Tidal Investments LLC now owns 13,595 shares of the business services provider’s stock valued at $629,000 after buying an additional 2,860 shares in the last quarter. Comerica Bank boosted its position in shares of Rollins by 23.7% during the 1st quarter. Comerica Bank now owns 142,496 shares of the business services provider’s stock worth $6,593,000 after purchasing an additional 27,301 shares in the last quarter. Finally, Wahed Invest LLC increased its holdings in Rollins by 25.7% in the first quarter. Wahed Invest LLC now owns 4,963 shares of the business services provider’s stock valued at $230,000 after buying an additional 1,015 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Performance

NYSE ROL opened at $51.16 on Thursday. The business’s 50-day simple moving average is $49.55 and its 200-day simple moving average is $48.94. The firm has a market capitalization of $24.78 billion, a P/E ratio of 53.29 and a beta of 0.70. Rollins, Inc. has a 1-year low of $39.72 and a 1-year high of $52.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) 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 prior year, the firm earned $0.28 earnings per share. Rollins’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities analysts predict that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

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

Wall Street Analysts Forecast Growth

ROL has been the subject of several recent analyst reports. 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. Barclays assumed coverage on Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target for the company. Finally, StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Rollins currently has a consensus rating of “Hold” and an average target price of $49.83.

Insider Buying and Selling at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total transaction of $236,545.65. Following the completion of the transaction, the insider now owns 84,653 shares of the company’s stock, valued at $4,274,129.97. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,120 shares of company stock valued at $1,209,993 over the last three months. 4.69% of the stock is 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.