Rollins, Inc. (NYSE:ROL) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC boosted its position in shares of Rollins, Inc. (NYSE:ROL) by 9.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,005 shares of the business services provider’s stock after purchasing an additional 1,414 shares during the period. Tidal Investments LLC’s holdings in Rollins were worth $810,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Rollins during the 3rd quarter valued at approximately $1,428,000. Intech Investment Management LLC increased its stake in Rollins by 13.7% during the third quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock worth $33,484,000 after acquiring an additional 79,546 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in Rollins in the third quarter valued at $5,102,000. Montanaro Asset Management Ltd lifted its stake in shares of Rollins by 20.1% in the 3rd quarter. Montanaro Asset Management Ltd now owns 248,000 shares of the business services provider’s stock valued at $12,544,000 after purchasing an additional 41,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Rollins by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider’s stock worth $109,655,000 after purchasing an additional 31,458 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ROL. Barclays assumed coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective on the stock. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, Morgan Stanley lifted their target price on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $51.00.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were 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 approximately $4,274,129.97. The trade was a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the transaction, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.69% of the company’s stock.

Rollins Price Performance

Shares of ROL opened at $46.92 on Friday. The company has a market cap of $22.72 billion, a P/E ratio of 48.88 and a beta of 0.72. Rollins, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $52.16. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average price is $49.18 and its 200 day moving average price is $49.23.

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

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Tuesday, November 12th. This is a boost from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio (DPR) 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.