Rollins, Inc. (NYSE:ROL) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its position in Rollins, Inc. (NYSE:ROL) by 4.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 308,136 shares of the business services provider’s stock after selling 15,973 shares during the period. Cetera Investment Advisers owned approximately 0.06% of Rollins worth $15,034,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. QRG Capital Management Inc. grew its stake in Rollins by 4.7% during the 2nd 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. Czech National Bank increased its stake in shares of Rollins by 0.5% in the first quarter. Czech National Bank now owns 49,396 shares of the business services provider’s stock worth $2,286,000 after buying an additional 226 shares during the last quarter. Quent Capital LLC increased its stake in shares of Rollins by 43.9% in the second 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. Federated Hermes Inc. raised its holdings in Rollins by 16.4% in 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 in the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in Rollins by 18.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,728 shares of the business services provider’s stock worth $84,000 after acquiring an additional 269 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Price Performance

Shares of NYSE ROL opened at $49.82 on Friday. 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 firm has a market capitalization of $24.12 billion, a PE ratio of 55.98 and a beta of 0.70. Rollins, Inc. has a 1-year low of $32.19 and a 1-year high of $51.96. The business’s fifty day moving average price is $49.52 and its two-hundred day moving average price is $47.80.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $891.90 million for the quarter, compared to analysts’ expectations of $895.02 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. On average, research analysts expect that Rollins, Inc. will post 1 EPS for the current year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.20%. Rollins’s dividend payout ratio is presently 67.42%.

Analyst Upgrades and Downgrades

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

Insider Activity at Rollins

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the completion of the transaction, the insider now owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Elizabeth B. Chandler sold 4,686 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was 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 $4,543,999.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the 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 transaction, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,056 shares of company stock worth $698,347 in the last three months. 4.69% of the stock is owned by company insiders.

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.