DekaBank Deutsche Girozentrale Lowers Stock Position in Rollins, Inc. (NYSE:ROL)

DekaBank Deutsche Girozentrale lessened its holdings in Rollins, Inc. (NYSE:ROL) by 0.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 365,374 shares of the business services provider’s stock after selling 3,147 shares during the period. DekaBank Deutsche Girozentrale owned about 0.08% of Rollins worth $17,920,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Norges Bank bought a new position in shares of Rollins during the 4th quarter worth approximately $256,862,000. APG Asset Management US Inc. bought a new position in shares of Rollins during the 4th quarter worth approximately $77,075,000. TD Asset Management Inc raised its stake in shares of Rollins by 217.3% during the 4th quarter. TD Asset Management Inc now owns 2,468,600 shares of the business services provider’s stock worth $107,804,000 after acquiring an additional 1,690,668 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in shares of Rollins by 102.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,688,661 shares of the business services provider’s stock worth $73,744,000 after acquiring an additional 855,882 shares in the last quarter. Finally, Premier Fund Managers Ltd bought a new position in shares of Rollins during the 4th quarter worth approximately $26,259,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Up 0.6 %

ROL stock opened at $50.47 on Monday. The firm’s fifty day simple moving average is $49.14 and its 200-day simple moving average is $47.30. The company has a market capitalization of $24.44 billion, a P/E ratio of 56.71, a price-to-earnings-growth ratio of 3.93 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.78 and a quick ratio of 0.72. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $51.28.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The business had revenue of $891.90 million for the quarter, compared to the consensus estimate of $895.02 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. As a group, equities research analysts forecast that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Monday, August 12th. Rollins’s dividend payout ratio (DPR) is currently 67.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ROL. Wells Fargo & Company began coverage on shares of Rollins in a research note on Monday, August 12th. They set an “overweight” rating and a $54.00 price target on the stock. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total transaction of $224,084.52. Following the sale, the insider now directly owns 95,023 shares of the company’s stock, valued at $4,543,999.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total transaction of $237,716.90. Following the sale, the insider now directly owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total transaction of $224,084.52. Following the sale, the insider now directly owns 95,023 shares in the company, valued at $4,543,999.86. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.

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.