Wealth Enhancement Advisory Services LLC Sells 8,145 Shares of Rollins, Inc. (NYSE:ROL)

Wealth Enhancement Advisory Services LLC reduced its stake in Rollins, Inc. (NYSE:ROL) by 9.5% in the 3rd quarter, Holdings Channel reports. The firm owned 77,439 shares of the business services provider’s stock after selling 8,145 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Rollins were worth $3,917,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in ROL. Quest Partners LLC acquired a new stake in shares of Rollins in the second quarter worth $33,000. Ridgewood Investments LLC bought a new position in Rollins in the 2nd quarter worth $34,000. Quent Capital LLC lifted its position 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 last quarter. Whittier Trust Co. of Nevada Inc. boosted 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 acquiring an additional 921 shares during the period. Finally, Blue Trust Inc. grew 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 valued at $74,000 after purchasing an additional 855 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Royal Bank of Canada reissued 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 objective on 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 lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.80.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 84,653 shares in the company, valued at $4,274,129.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.69% of the company’s stock.

Rollins Stock Performance

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

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). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The business had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. During the same quarter in the prior year, the company posted $0.28 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side 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 will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.40%. This is an increase from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 12th. Rollins’s payout ratio is presently 68.75%.

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.