Rollins, Inc. (NYSE:ROL) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. decreased its position in shares of Rollins, Inc. (NYSE:ROL) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,950 shares of the business services provider’s stock after selling 785 shares during the period. Griffin Asset Management Inc.’s holdings in Rollins were worth $1,363,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in Rollins in the 2nd quarter valued at about $33,000. Ridgewood Investments LLC acquired a new stake in Rollins in the 2nd quarter valued at about $34,000. Quent Capital LLC raised its position in Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 236 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Rollins by 10,233.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 921 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Rollins by 114.2% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Trading Down 0.4 %

NYSE:ROL opened at $49.96 on Wednesday. The stock’s 50 day moving average price is $49.77 and its 200 day moving average price is $47.97. The company has a market capitalization of $24.19 billion, a PE ratio of 56.13 and a beta of 0.70. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.41. Rollins, Inc. has a 52-week low of $32.19 and a 52-week high of $51.96.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $891.90 million for the quarter, compared to the consensus estimate of $895.02 million. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. On average, research analysts anticipate that Rollins, Inc. will post 1 EPS for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. Rollins’s payout ratio is 67.42%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ROL. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a report on Thursday, July 25th. Finally, Wells Fargo & Company increased their price objective on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.17.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total transaction of $224,084.52. Following the completion of the sale, the insider now directly owns 95,023 shares of the company’s stock, valued at approximately $4,543,999.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 value of $236,545.65. Following the completion of the sale, the insider now directly owns 84,653 shares of the company’s stock, 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 this hyperlink. Also, insider Elizabeth B. Chandler sold 4,686 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 95,023 shares of the company’s stock, valued at $4,543,999.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,056 shares of company stock valued at $698,347. 4.69% of the stock is owned by company insiders.

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.