Thrivent Financial for Lutherans Sells 492 Shares of Rollins, Inc. (NYSE:ROL)

Thrivent Financial for Lutherans decreased its stake in shares of Rollins, Inc. (NYSE:ROL) by 2.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 16,317 shares of the business services provider’s stock after selling 492 shares during the period. Thrivent Financial for Lutherans’ holdings in Rollins were worth $825,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ROL. Assenagon Asset Management S.A. boosted its stake in Rollins by 185.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 384,935 shares of the business services provider’s stock valued at $18,781,000 after purchasing an additional 249,860 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of Rollins in the second quarter worth $13,580,000. Raymond James & Associates increased its position in Rollins by 3.6% during the second quarter. Raymond James & Associates now owns 1,236,421 shares of the business services provider’s stock worth $60,325,000 after acquiring an additional 43,144 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Rollins by 18.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 287,679 shares of the business services provider’s stock valued at $14,036,000 after purchasing an additional 44,796 shares during the last quarter. Finally, Montanaro Asset Management Ltd boosted its holdings in Rollins by 20.1% in the 3rd quarter. Montanaro Asset Management Ltd now owns 248,000 shares of the business services provider’s stock valued at $12,544,000 after purchasing an additional 41,500 shares during the period. 51.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ROL. Wells Fargo & Company boosted their price objective on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Barclays assumed coverage on Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Rollins has an average rating of “Hold” and a consensus target price of $49.83.

Rollins Stock Performance

NYSE ROL opened at $49.66 on Wednesday. Rollins, Inc. has a twelve month low of $40.41 and a twelve month high of $52.16. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The stock has a market cap of $24.05 billion, a P/E ratio of 51.73 and a beta of 0.72. The company’s 50-day simple moving average is $49.54 and its 200 day simple moving average is $49.05.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. As a group, research analysts forecast that Rollins, Inc. will post 0.99 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. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This is a boost from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.33%. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Insider Activity

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the transaction, the insider now owns 124,214 shares in the company, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the insider now owns 84,653 shares in the company, valued at $4,274,129.97. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. 4.69% of the stock is owned by corporate insiders.

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.