Allworth Financial LP Boosts Stock Position in Rollins, Inc. (NYSE:ROL)

Allworth Financial LP increased its stake in Rollins, Inc. (NYSE:ROL) by 175.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,086 shares of the business services provider’s stock after buying an additional 1,328 shares during the period. Allworth Financial LP’s holdings in Rollins were worth $106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROL. First Trust Direct Indexing L.P. grew its stake in shares of Rollins by 7.3% in 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 buying an additional 510 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Rollins by 3.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 21,011 shares of the business services provider’s stock worth $972,000 after buying an additional 736 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Rollins by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 52,209 shares of the business services provider’s stock worth $2,416,000 after buying an additional 3,373 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Rollins by 49.4% during the 1st quarter. BNP Paribas Financial Markets now owns 400,524 shares of the business services provider’s stock valued at $18,532,000 after purchasing an additional 132,457 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Rollins by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 230,264 shares of the business services provider’s stock valued at $10,654,000 after purchasing an additional 6,654 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling

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 value of $236,545.65. Following the transaction, the insider now directly owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.69% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research note on Thursday, July 25th. Finally, Wells Fargo & Company increased their target price on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Rollins presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.80.

Rollins Price Performance

NYSE ROL opened at $47.14 on Friday. The business’s fifty day moving average price is $49.75 and its 200-day moving average price is $48.21. The stock has a market capitalization of $22.83 billion, a price-to-earnings ratio of 49.10 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. Rollins, Inc. has a 1-year low of $36.83 and a 1-year high of $51.96.

Rollins (NYSE:ROL) last released its quarterly earnings results 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 firm had revenue of $916.27 million for 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 quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. On average, equities analysts predict that Rollins, Inc. will post 0.99 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. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.40%. This is a boost from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, November 12th. Rollins’s dividend payout ratio is presently 68.75%.

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.