Bleakley Financial Group LLC Grows Position in Rollins, Inc. (NYSE:ROL)

Bleakley Financial Group LLC raised its stake in shares of Rollins, Inc. (NYSE:ROL) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,354 shares of the business services provider’s stock after acquiring an additional 341 shares during the period. Bleakley Financial Group LLC’s holdings in Rollins were worth $423,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ROL. QRG Capital Management Inc. lifted its position in shares of Rollins by 4.7% during the second quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 203 shares in the last quarter. B.O.S.S. Retirement Advisors LLC lifted its position in shares of Rollins by 4.9% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock worth $230,000 after buying an additional 212 shares in the last quarter. 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 worth $38,000 after buying an additional 236 shares during the last quarter. Mather Group LLC. grew its holdings in shares of Rollins by 8.8% in the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock valued at $153,000 after acquiring an additional 246 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Rollins by 16.4% during the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 249 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ROL has been the topic of several research analyst reports. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. 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 report on Tuesday, October 15th. Finally, 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.80.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the sale, the insider now owns 89,338 shares in the company, valued at $4,533,010.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 shares were sold at an average price of $47.82, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s 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 transaction, the insider now directly owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,056 shares of company stock valued at $698,347. Company insiders own 4.69% of the company’s stock.

Rollins Stock Down 0.6 %

Shares of NYSE ROL opened at $49.53 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.78 and a quick ratio of 0.72. The stock has a market capitalization of $23.99 billion, a PE ratio of 52.69 and a beta of 0.70. Rollins, Inc. has a one year low of $32.91 and a one year high of $51.96. The business’s fifty day moving average price is $49.95 and its 200-day moving average price is $48.12.

Rollins (NYSE:ROL) last released 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 the consensus estimate of $895.02 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, equities research analysts anticipate that Rollins, Inc. will post 1 EPS for the current year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.165 per share. This is a boost from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.33%. Rollins’s dividend payout ratio is presently 63.83%.

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.