Rollins, Inc. (NYSE:ROL) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in shares of Rollins, Inc. (NYSE:ROL) by 13.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 661,997 shares of the business services provider’s stock after purchasing an additional 79,546 shares during the quarter. Intech Investment Management LLC owned approximately 0.14% of Rollins worth $33,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROL. O Shaughnessy Asset Management LLC raised its holdings in Rollins by 4.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,991 shares of the business services provider’s stock worth $694,000 after purchasing an additional 586 shares in the last quarter. UniSuper Management Pty Ltd grew its position in shares of Rollins by 501.9% during the first quarter. UniSuper Management Pty Ltd now owns 23,500 shares of the business services provider’s stock worth $1,087,000 after acquiring an additional 19,596 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Rollins by 11.6% during the first quarter. Bessemer Group Inc. now owns 33,426 shares of the business services provider’s stock worth $1,546,000 after acquiring an additional 3,463 shares during the last quarter. Natixis purchased a new position in shares of Rollins during the first quarter worth approximately $493,000. Finally, Shell Asset Management Co. purchased a new position in shares of Rollins during the first quarter worth approximately $376,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the transaction, the insider now owns 124,214 shares of the company’s stock, valued at $6,195,794.32. The trade was a 10.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the transaction, the insider now directly owns 89,338 shares of the company’s stock, valued at $4,533,010.12. This trade represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,120 shares of company stock worth $1,209,993. Corporate insiders own 4.69% of the company’s stock.

Wall Street Analyst Weigh In

ROL has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Barclays assumed coverage on shares of Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research report on Thursday, July 25th. Finally, StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $49.83.

Rollins Price Performance

Shares of NYSE ROL opened at $49.44 on Thursday. The firm has a market capitalization of $23.94 billion, a P/E ratio of 51.50 and a beta of 0.70. Rollins, Inc. has a one year low of $39.62 and a one year high of $52.16. The company’s fifty day moving average is $49.54 and its two-hundred day moving average is $48.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. Rollins’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Analysts forecast that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently announced 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 is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Tuesday, November 12th. Rollins’s payout ratio is presently 68.75%.

Rollins 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.