Rollins, Inc. (NYSE:ROL) Position Cut by Hartford Investment Management Co.

Hartford Investment Management Co. lowered its position in shares of Rollins, Inc. (NYSE:ROL) by 2.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 17,609 shares of the business services provider’s stock after selling 360 shares during the period. Hartford Investment Management Co.’s holdings in Rollins were worth $891,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ROL. Wellington Management Group LLP increased its stake in shares of Rollins by 31.8% in the fourth quarter. Wellington Management Group LLP now owns 34,783 shares of the business services provider’s stock valued at $1,519,000 after purchasing an additional 8,384 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Rollins by 25.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 92,069 shares of the business services provider’s stock valued at $4,260,000 after acquiring an additional 18,688 shares during the period. Azzad Asset Management Inc. ADV raised its stake in Rollins by 36.8% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 46,555 shares of the business services provider’s stock valued at $2,154,000 after acquiring an additional 12,526 shares in the last quarter. Dudley & Shanley Inc. boosted its position in Rollins by 1.6% during the 1st quarter. Dudley & Shanley Inc. now owns 443,135 shares of the business services provider’s stock worth $20,504,000 after acquiring an additional 6,950 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its position in Rollins by 7.3% during the 1st quarter. First Trust Direct Indexing L.P. now owns 7,451 shares of the business services provider’s stock worth $345,000 after acquiring an additional 510 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company raised their price target on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.80.

Insider Buying and Selling

In other news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 95,023 shares of the company’s stock, valued at $4,543,999.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total transaction of $236,545.65. Following the transaction, the insider now directly owns 84,653 shares in the company, valued at approximately $4,274,129.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,686 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 95,023 shares in the company, valued at approximately $4,543,999.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,056 shares of company stock worth $698,347 in the last three months. 4.69% of the stock is currently owned by insiders.

Rollins Price Performance

Shares of NYSE ROL opened at $46.54 on Friday. Rollins, Inc. has a twelve month low of $35.54 and a twelve month high of $51.96. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average of $49.89 and a two-hundred day moving average of $48.16. The company has a market capitalization of $22.54 billion, a price-to-earnings ratio of 49.51 and a beta of 0.70.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. As a group, analysts expect that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.42%. Rollins’s dividend payout ratio (DPR) is currently 63.83%.

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.