Middleton & Co. Inc. MA Has $2.25 Million Stock Holdings in Rollins, Inc. (NYSE:ROL)

Middleton & Co. Inc. MA decreased its position in shares of Rollins, Inc. (NYSE:ROL) by 9.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,015 shares of the business services provider’s stock after selling 4,950 shares during the period. Middleton & Co. Inc. MA’s holdings in Rollins were worth $2,245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROL. Quest Partners LLC purchased a new stake in shares of Rollins during the 2nd quarter worth about $33,000. Ridgewood Investments LLC acquired a new stake in Rollins in the second quarter valued at approximately $34,000. Principal Securities Inc. bought a new stake in Rollins in the fourth quarter worth approximately $36,000. Quent Capital LLC increased its stake in shares of Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after purchasing an additional 236 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Rollins by 10,233.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 921 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling at Rollins

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

Rollins Trading Down 2.2 %

Rollins stock opened at $50.25 on Thursday. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $51.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78. The firm has a market capitalization of $24.33 billion, a PE ratio of 56.46, a PEG ratio of 3.93 and a beta of 0.70. The business’s 50-day simple moving average is $49.21 and its 200-day simple moving average is $47.42.

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

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Monday, August 12th. Rollins’s payout ratio is currently 67.42%.

Analysts Set New Price Targets

Several research firms have commented on ROL. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Company initiated coverage on Rollins in a report on Monday, August 12th. They issued an “overweight” rating and a $54.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

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.