Commonwealth Equity Services LLC Lowers Holdings in Rollins, Inc. (NYSE:ROL)

Commonwealth Equity Services LLC lowered its position in shares of Rollins, Inc. (NYSE:ROL) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,629 shares of the business services provider’s stock after selling 2,382 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Rollins were worth $909,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake 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 worth $222,000 after acquiring an additional 203 shares during the period. Czech National Bank increased its position in Rollins by 0.5% during the 1st quarter. Czech National Bank now owns 49,396 shares of the business services provider’s stock worth $2,286,000 after purchasing an additional 226 shares during the period. Quent Capital LLC raised its stake in shares of Rollins by 43.9% during 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 in the last quarter. RB Capital Management LLC boosted its stake in shares of Rollins by 1.1% in the first quarter. RB Capital Management LLC now owns 25,114 shares of the business services provider’s stock valued at $1,162,000 after buying an additional 275 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in Rollins by 0.3% during the first quarter. Atria Investments Inc now owns 105,501 shares of the business services provider’s stock worth $4,882,000 after acquiring an additional 278 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Up 1.0 %

Shares of NYSE ROL opened at $51.40 on Wednesday. The firm’s 50-day moving average is $49.20 and its two-hundred day moving average is $47.40. The company has a market capitalization of $24.89 billion, a PE ratio of 57.75, a price-to-earnings-growth ratio of 3.93 and a beta of 0.70. Rollins, Inc. has a 12-month low of $32.19 and a 12-month high of $51.90. 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 quarterly earnings results 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 analyst estimates of $895.02 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 earnings per share. Equities analysts anticipate that Rollins, Inc. will post 1 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th were given a $0.15 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.17%. Rollins’s dividend payout ratio is presently 67.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ROL shares. Wells Fargo & Company started coverage on Rollins in a report on Monday, August 12th. They issued an “overweight” rating and a $54.00 target price for the company. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Rollins in a report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.83.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the sale, the insider now directly owns 89,338 shares in the company, valued at $4,533,010.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the insider now directly owns 95,023 shares in the company, valued at approximately $4,543,999.86. The disclosure for this sale can be found here. Company insiders own 4.69% of the company’s stock.

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.