Rollins, Inc. (NYSE:ROL) Shares Acquired by Creative Planning

Creative Planning lifted its holdings in Rollins, Inc. (NYSE:ROL) by 27.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,169 shares of the business services provider’s stock after purchasing an additional 4,946 shares during the quarter. Creative Planning’s holdings in Rollins were worth $1,172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new stake in Rollins in the 2nd quarter worth approximately $33,000. Ridgewood Investments LLC acquired a new stake in shares of Rollins during the second quarter worth $34,000. Quent Capital LLC grew its holdings in shares of Rollins by 43.9% during the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after buying an additional 236 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of 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 period. Finally, Blue Trust Inc. raised 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 worth $74,000 after acquiring an additional 855 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction 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 owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.69% of the company’s stock.

Rollins Price Performance

NYSE:ROL opened at $47.14 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The company has a 50 day moving average price of $49.75 and a 200-day moving average price of $48.21. Rollins, Inc. has a 1-year low of $36.83 and a 1-year high of $51.96. The firm has a market cap of $22.83 billion, a price-to-earnings ratio of 48.90 and a beta of 0.70.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The firm had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. During the same quarter last year, the company posted $0.28 EPS. The company’s revenue was up 9.0% on a year-over-year basis. Equities research analysts forecast that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a $0.165 dividend. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.40%. The ex-dividend date is Tuesday, November 12th. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Wells Fargo & Company lifted their price objective on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.80.

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.