Rollins, Inc. (NYSE:ROL) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its position in shares of Rollins, Inc. (NYSE:ROL) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 56,006 shares of the business services provider’s stock after acquiring an additional 2,317 shares during the quarter. Sanctuary Advisors LLC’s holdings in Rollins were worth $2,836,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ROL. Montrusco Bolton Investments Inc. raised its position in shares of Rollins by 14.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after acquiring an additional 1,154,722 shares in the last quarter. Fiera Capital Corp acquired a new stake in Rollins in the third quarter worth $43,225,000. Point72 Asset Management L.P. acquired a new stake in Rollins in the third quarter worth $28,980,000. Bridges Investment Management Inc. increased its position in Rollins by 440.9% in the second quarter. Bridges Investment Management Inc. now owns 261,049 shares of the business services provider’s stock worth $12,737,000 after buying an additional 212,789 shares during the period. Finally, Barclays PLC increased its position in Rollins by 34.8% in the third quarter. Barclays PLC now owns 721,467 shares of the business services provider’s stock worth $36,491,000 after buying an additional 186,452 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ROL. Barclays began coverage on Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. Wells Fargo & Company increased their price target on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday. Morgan Stanley increased their price target on Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $51.00.

Rollins Trading Down 0.7 %

Shares of ROL stock opened at $48.22 on Wednesday. The stock has a 50-day simple moving average of $49.33 and a 200 day simple moving average of $49.25. Rollins, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $52.16. The stock has a market capitalization of $23.35 billion, a P/E ratio of 50.23 and a beta of 0.72. 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 released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The company had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. During the same quarter last year, the business earned $0.28 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, sell-side analysts expect that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a $0.165 dividend. This is a positive change from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.37%. Rollins’s dividend payout ratio (DPR) is 68.75%.

Insider Activity at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the sale, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the completion of the sale, the insider now directly owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by corporate insiders.

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.