Victory Capital Management Inc. Has $12.05 Million Position in Rollins, Inc. (NYSE:ROL)

Victory Capital Management Inc. lowered its holdings in Rollins, Inc. (NYSE:ROL) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 238,305 shares of the business services provider’s stock after selling 29,123 shares during the quarter. Victory Capital Management Inc.’s holdings in Rollins were worth $12,053,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Rollins by 1.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock worth $489,036,000 after acquiring an additional 148,316 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Rollins by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock worth $137,860,000 after purchasing an additional 133,100 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Rollins by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,156,892 shares of the business services provider’s stock worth $105,247,000 after purchasing an additional 172,009 shares during the period. Epoch Investment Partners Inc. raised its stake in shares of Rollins by 9.7% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,851,650 shares of the business services provider’s stock worth $85,676,000 after purchasing an additional 162,989 shares during the period. Finally, Markel Group Inc. raised its stake in shares of Rollins by 1.0% during the 3rd quarter. Markel Group Inc. now owns 1,453,275 shares of the business services provider’s stock worth $73,507,000 after purchasing an additional 14,000 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated 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 directly owns 84,653 shares in the company, valued at $4,274,129.97. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the sale, the insider now owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,120 shares of company stock valued at $1,209,993. Insiders own 4.69% of the company’s stock.

Rollins Price Performance

Shares of Rollins stock opened at $49.44 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The company has a market cap of $23.94 billion, a PE ratio of 51.50 and a beta of 0.70. The business has a 50 day moving average of $49.54 and a 200 day moving average of $48.79. Rollins, Inc. has a 52 week low of $39.62 and a 52 week high of $52.16.

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

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $0.165 dividend. 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%. The ex-dividend date of this dividend is Tuesday, November 12th. Rollins’s dividend payout ratio is currently 68.75%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented 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 target price on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Barclays assumed coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $49.83.

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.