Orion Portfolio Solutions LLC Has $431,000 Stock Holdings in Rollins, Inc. (NYSE:ROL)

Orion Portfolio Solutions LLC increased its position in shares of Rollins, Inc. (NYSE:ROL) by 17.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,526 shares of the business services provider’s stock after purchasing an additional 1,269 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Rollins were worth $431,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI increased its holdings in shares of Rollins by 133.4% during the third quarter. National Bank of Canada FI now owns 180,959 shares of the business services provider’s stock worth $9,153,000 after buying an additional 103,426 shares in the last quarter. Wahed Invest LLC increased its holdings in Rollins by 10.7% during the 3rd quarter. Wahed Invest LLC now owns 6,784 shares of the business services provider’s stock valued at $343,000 after purchasing an additional 657 shares in the last quarter. Swmg LLC bought a new position in Rollins in the 3rd quarter valued at $296,000. Quadrature Capital Ltd acquired a new position in Rollins in the third quarter worth $266,000. Finally, Quantinno Capital Management LP boosted its stake in Rollins by 13.9% in the third quarter. Quantinno Capital Management LP now owns 114,807 shares of the business services provider’s stock worth $5,807,000 after purchasing an additional 14,023 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total transaction of $236,545.65. Following the sale, the insider now owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the transaction, the insider now owns 124,214 shares in the company, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.69% of the company’s stock.

Rollins Stock Down 2.2 %

Shares of NYSE ROL opened at $47.18 on Thursday. Rollins, Inc. has a 1 year low of $40.41 and a 1 year high of $52.16. The firm’s 50-day moving average is $49.28 and its 200-day moving average is $49.24. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $22.85 billion, a PE ratio of 49.15 and a beta of 0.72.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business 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%. Rollins’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. Equities analysts expect that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio is currently 68.75%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ROL. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Barclays assumed coverage on shares of Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price for the company. Wells Fargo & Company increased their price target on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Morgan Stanley boosted their price objective on shares of Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $51.00.

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.