Rollins, Inc. (NYSE:ROL) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. reduced its holdings in Rollins, Inc. (NYSE:ROL) by 16.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,542,448 shares of the business services provider’s stock after selling 309,202 shares during the quarter. Epoch Investment Partners Inc. owned about 0.32% of Rollins worth $75,256,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. ProShare Advisors LLC lifted its holdings in shares of Rollins by 4.1% in the 2nd quarter. ProShare Advisors LLC now owns 62,174 shares of the business services provider’s stock valued at $3,033,000 after buying an additional 2,423 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Rollins by 1.5% during the second 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 purchasing an additional 148,316 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in Rollins by 440.9% during the second quarter. Bridges Investment Management Inc. now owns 261,049 shares of the business services provider’s stock worth $12,737,000 after purchasing an additional 212,789 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Rollins by 8.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,870 shares of the business services provider’s stock worth $433,000 after purchasing an additional 666 shares during the last quarter. Finally, Trust Investment Advisors acquired a new position in Rollins during the second quarter worth $212,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Trading Up 0.1 %

Shares of ROL opened at $50.15 on Friday. The stock’s 50-day moving average is $49.24 and its two-hundred day moving average is $47.50. The stock has a market cap of $24.28 billion, a PE ratio of 56.35, a P/E/G ratio of 3.99 and a beta of 0.70. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $51.96. 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, hitting 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 analysts’ expectations of $895.02 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year. Equities analysts forecast that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, August 12th. Rollins’s dividend payout ratio (DPR) is 67.42%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the transaction, the insider now owns 89,338 shares in the company, valued at $4,533,010.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the sale, the insider now directly owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Elizabeth B. Chandler sold 4,686 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were 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 of the company’s stock, valued at $4,543,999.86. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.

Rollins 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.