Rollins, Inc. (NYSE:ROL) Shares Bought by Wedmont Private Capital

Wedmont Private Capital lifted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 6.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,083 shares of the business services provider’s stock after acquiring an additional 525 shares during the quarter. Wedmont Private Capital’s holdings in Rollins were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ROL. CWM LLC lifted its position in Rollins by 74.5% during the 3rd quarter. CWM LLC now owns 17,682 shares of the business services provider’s stock worth $894,000 after acquiring an additional 7,549 shares in the last quarter. FCF Advisors LLC raised its stake in shares of Rollins by 2.8% during the third quarter. FCF Advisors LLC now owns 38,387 shares of the business services provider’s stock valued at $1,942,000 after purchasing an additional 1,039 shares during the period. Mather Group LLC. lifted its position in shares of Rollins by 8.8% during the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock worth $153,000 after purchasing an additional 246 shares in the last quarter. Everpar Advisors LLC boosted its stake in shares of Rollins by 7.1% in the third quarter. Everpar Advisors LLC now owns 9,990 shares of the business services provider’s stock valued at $505,000 after purchasing an additional 662 shares during the period. Finally, Diversified Trust Co acquired a new stake in Rollins during the 3rd quarter valued at $399,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ROL. Wells Fargo & Company began coverage on shares of Rollins in a research report on Monday, August 12th. They issued an “overweight” rating and a $54.00 price objective for the company. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective 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. According to data from MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

Rollins Trading Up 0.8 %

Shares of NYSE ROL opened at $49.66 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $49.68 and its two-hundred day moving average price is $47.90. Rollins, Inc. has a 52-week low of $32.19 and a 52-week high of $51.96. The stock has a market capitalization of $24.05 billion, a P/E ratio of 55.80 and a beta of 0.70.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.27 earnings per share (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 return on equity of 40.10% and a net margin of 14.23%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 EPS. On average, analysts anticipate 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. Stockholders of record on Monday, August 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Monday, August 12th. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

Insider Activity at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at $4,533,010.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Elizabeth B. Chandler sold 4,686 shares of the 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 sale, the insider now owns 95,023 shares of the company’s stock, valued at $4,543,999.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the sale, the insider now owns 89,338 shares in the company, valued at approximately $4,533,010.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,056 shares of company stock valued at $698,347 in the last quarter. Insiders own 4.69% of the company’s stock.

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.