Intech Investment Management LLC Acquires 10,270 Shares of Rollins, Inc. (NYSE:ROL)

Intech Investment Management LLC raised its holdings in Rollins, Inc. (NYSE:ROL) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 582,451 shares of the business services provider’s stock after acquiring an additional 10,270 shares during the quarter. Intech Investment Management LLC owned about 0.12% of Rollins worth $28,418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC bought a new position in Rollins in the second quarter valued at approximately $33,000. Ridgewood Investments LLC bought a new position in Rollins in the second quarter valued at approximately $34,000. Principal Securities Inc. bought a new position in Rollins in the fourth quarter valued at approximately $36,000. Quent Capital LLC boosted its stake in Rollins by 43.9% in the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 236 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Rollins by 10,233.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 921 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Wells Fargo & Company assumed coverage on shares of Rollins in a research report on Monday, August 12th. They set an “overweight” rating and a $54.00 price target on the stock. Finally, StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.83.

Insider Buying and Selling at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction 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 directly owns 89,338 shares in the company, valued at approximately $4,533,010.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the sale, the insider now directly owns 95,023 shares in the company, valued at approximately $4,543,999.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins 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 completion of 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. Company insiders own 4.69% of the company’s stock.

Rollins Trading Down 0.3 %

ROL opened at $50.09 on Friday. The stock has a market capitalization of $24.26 billion, a P/E ratio of 56.28, a P/E/G ratio of 3.99 and a beta of 0.70. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $51.96. The firm’s fifty day simple moving average is $49.22 and its 200 day simple moving average is $47.44. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41.

Rollins (NYSE:ROL) last posted 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 analysts’ expectations of $895.02 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. As a group, research analysts anticipate that Rollins, Inc. will post 1 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th were paid a $0.15 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.60 annualized dividend and a yield of 1.20%. Rollins’s payout ratio is currently 67.42%.

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.