City Center Advisors LLC Cuts Position in Rollins, Inc. (NYSE:ROL)

City Center Advisors LLC lessened its stake in Rollins, Inc. (NYSE:ROL) by 57.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,265 shares of the business services provider’s stock after selling 5,867 shares during the quarter. City Center Advisors LLC’s holdings in Rollins were worth $216,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Quest Partners LLC acquired a new stake in Rollins in the 2nd quarter valued at about $33,000. Ridgewood Investments LLC acquired a new stake in Rollins in the 2nd quarter valued at about $34,000. Quent Capital LLC grew its stake in 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 acquiring an additional 236 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Rollins by 10,233.3% in 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 acquiring an additional 921 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Rollins by 114.2% in the 2nd quarter. Blue Trust Inc. now owns 1,604 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 855 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ROL. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.83.

Rollins Price Performance

Rollins stock opened at $49.30 on Wednesday. Rollins, Inc. has a 12-month low of $32.19 and a 12-month high of $51.96. The stock has a market capitalization of $23.87 billion, a P/E ratio of 55.39 and a beta of 0.70. The firm’s 50-day moving average is $49.57 and its two-hundred day moving average is $47.85. 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 (NYSE:ROL) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The firm had revenue of $891.90 million during the quarter, compared to the consensus estimate of $895.02 million. During the same period in the previous year, the firm earned $0.23 earnings per share. Rollins’s revenue was up 8.7% compared to the same quarter last year. Equities analysts predict 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 issued a $0.15 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. Rollins’s payout ratio is 67.42%.

Insider Activity at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 in the company, valued at approximately $4,274,129.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total transaction of $236,545.65. Following the transaction, the insider now directly owns 84,653 shares of the company’s stock, valued at $4,274,129.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction that occurred 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 transaction, the insider now directly owns 95,023 shares in the company, valued at approximately $4,543,999.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,056 shares of company stock worth $698,347. 4.69% of the stock is owned by company 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.