Bleakley Financial Group LLC Grows Position in Rollins, Inc. (NYSE:ROL)

Bleakley Financial Group LLC lifted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 4.3% in the 3rd quarter, Holdings Channel reports. The firm owned 8,354 shares of the business services provider’s stock after acquiring an additional 341 shares during the period. Bleakley Financial Group LLC’s holdings in Rollins were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ROL. B.O.S.S. Retirement Advisors LLC grew its stake in Rollins by 4.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock worth $230,000 after buying an additional 212 shares in the last quarter. Vontobel Holding Ltd. grew its position in Rollins by 17.7% in the third quarter. Vontobel Holding Ltd. now owns 16,613 shares of the business services provider’s stock worth $840,000 after acquiring an additional 2,497 shares in the last quarter. Swedbank AB increased its stake in Rollins by 32.2% in the third quarter. Swedbank AB now owns 16,530 shares of the business services provider’s stock valued at $836,000 after acquiring an additional 4,024 shares during the last quarter. Creative Planning raised its position in Rollins by 27.1% during the third quarter. Creative Planning now owns 23,169 shares of the business services provider’s stock valued at $1,172,000 after purchasing an additional 4,946 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its position in Rollins by 10.5% during the third quarter. Koshinski Asset Management Inc. now owns 12,224 shares of the business services provider’s stock valued at $618,000 after purchasing an additional 1,160 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the business’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 in the company, valued at approximately $4,533,010.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction on 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 in the company, valued at $4,543,999.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of 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 disclosure for this sale can be found here. Insiders have 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 Trading Down 0.6 %

Shares of ROL stock opened at $49.53 on Wednesday. The business has a 50-day moving average of $49.95 and a 200 day moving average of $48.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.78 and a quick ratio of 0.72. Rollins, Inc. has a 1-year low of $32.91 and a 1-year high of $51.96. The stock has a market capitalization of $23.99 billion, a PE ratio of 52.69 and a beta of 0.70.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The firm had revenue of $891.90 million during the quarter, compared to analyst estimates of $895.02 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.33%. This is a boost from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio is presently 63.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ROL shares. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research report on Thursday, July 25th. Wells Fargo & Company increased their price target on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $49.80.

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.