Vontobel Holding Ltd. Increases Stake in Rollins, Inc. (NYSE:ROL)

Vontobel Holding Ltd. grew its stake in Rollins, Inc. (NYSE:ROL) by 17.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,613 shares of the business services provider’s stock after buying an additional 2,497 shares during the period. Vontobel Holding Ltd.’s holdings in Rollins were worth $840,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ROL. Wellington Management Group LLP raised its position in Rollins by 31.8% during the 4th quarter. Wellington Management Group LLP now owns 34,783 shares of the business services provider’s stock worth $1,519,000 after buying an additional 8,384 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Rollins during the fourth quarter valued at approximately $248,000. CWM LLC raised its stake in shares of Rollins by 6.5% during the first quarter. CWM LLC now owns 7,113 shares of the business services provider’s stock valued at $329,000 after purchasing an additional 436 shares during the period. Czech National Bank increased its stake in shares of Rollins by 0.5% in the first quarter. Czech National Bank now owns 49,396 shares of the business services provider’s stock worth $2,286,000 after buying an additional 226 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Rollins by 4.4% in the first quarter. Park Avenue Securities LLC now owns 18,790 shares of the business services provider’s stock worth $869,000 after purchasing an additional 792 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ROL. Wells Fargo & Company boosted their price target on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.80.

Rollins Stock Up 1.4 %

Shares of NYSE ROL opened at $50.14 on Monday. The stock’s fifty day moving average is $49.89 and its 200 day moving average is $48.06. The stock has a market capitalization of $24.28 billion, a P/E ratio of 56.34 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $51.96.

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

Rollins Announces Dividend

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

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins 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 directly owns 95,023 shares in the company, valued at approximately $4,543,999.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total transaction of $236,545.65. Following the completion of the sale, the insider now owns 84,653 shares in the company, valued at $4,274,129.97. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,686 shares of the business’s stock in a transaction that occurred 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 owns 95,023 shares of the company’s stock, valued at approximately $4,543,999.86. This represents a 0.00 % decrease in their position. 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 corporate insiders.

Rollins Company 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.