Cim LLC Purchases 517 Shares of Rollins, Inc. (NYSE:ROL)

Cim LLC grew its position in shares of Rollins, Inc. (NYSE:ROL) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,260 shares of the business services provider’s stock after purchasing an additional 517 shares during the period. Cim LLC’s holdings in Rollins were worth $1,321,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ROL. Quest Partners LLC bought a new stake in Rollins in the 2nd quarter worth approximately $33,000. Ridgewood Investments LLC bought a new stake in shares of Rollins in the 2nd quarter worth approximately $34,000. Quent Capital LLC boosted its stake in shares of Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 236 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew 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 during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Rollins by 114.2% during the 2nd quarter. Blue Trust Inc. now owns 1,604 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 855 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ROL. Royal Bank of Canada restated 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 Rollins in a research note on Monday, August 12th. They issued an “overweight” rating and a $54.00 target price for the company. Finally, StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Rollins has an average rating of “Moderate Buy” and a consensus price target of $47.83.

Insider Buying and Selling at Rollins

In related news, insider Elizabeth B. Chandler sold 4,686 shares of the company’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 sale, the insider now owns 95,023 shares in the company, valued at approximately $4,543,999.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction dated 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 transaction, the insider now owns 95,023 shares of the company’s stock, valued at approximately $4,543,999.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the transaction, the insider now owns 89,338 shares in the company, valued at approximately $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 0.1 %

NYSE:ROL opened at $50.51 on Wednesday. The company has a 50-day moving average price of $49.38 and a 200-day moving average price of $47.75. The stock has a market cap of $24.46 billion, a price-to-earnings ratio of 56.75 and a beta of 0.70. 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, Inc. has a 12 month low of $32.19 and a 12 month high of $51.96.

Rollins (NYSE:ROL) last issued its quarterly earnings data 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 net margin of 14.23% and a return on equity of 40.10%. The business had revenue of $891.90 million during the quarter, compared to analyst estimates of $895.02 million. During the same period last year, the business posted $0.23 earnings per share. Rollins’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities analysts predict that Rollins, Inc. will post 1 EPS for the current year.

Rollins Announces Dividend

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

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.