Sunbelt Securities Inc. Trims Stake in Rollins, Inc. (NYSE:ROL)

Sunbelt Securities Inc. cut its holdings in Rollins, Inc. (NYSE:ROL) by 33.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 945 shares of the business services provider’s stock after selling 482 shares during the period. Sunbelt Securities Inc.’s holdings in Rollins were worth $46,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ROL. Quest Partners LLC bought a new position in Rollins in the 2nd quarter worth $33,000. Ridgewood Investments LLC purchased a new stake in Rollins in the 2nd quarter worth approximately $34,000. Quent Capital LLC raised its stake in Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after acquiring an additional 236 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in Rollins by 10,233.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 921 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Rollins by 114.2% in the second quarter. Blue Trust Inc. now owns 1,604 shares of the business services provider’s stock worth $74,000 after purchasing an additional 855 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

NYSE:ROL opened at $49.82 on Friday. The business’s 50-day moving average is $49.52 and its 200 day moving average is $47.80. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $51.96. The company has a market capitalization of $24.12 billion, a P/E ratio of 55.98 and a beta of 0.70. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41.

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

Rollins Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the completion of the transaction, the insider now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Elizabeth B. Chandler sold 4,686 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the completion of the sale, the insider now directly owns 95,023 shares in the company, valued at $4,543,999.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins 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 transaction, the insider now directly owns 84,653 shares of the company’s stock, valued at $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. In the last three months, insiders have sold 14,056 shares of company stock worth $698,347. 4.69% of the stock is currently owned by corporate insiders.

About Rollins

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.