Fiduciary Trust Co Invests $201,000 in Rollins, Inc. (NYSE:ROL)

Fiduciary Trust Co purchased a new stake in shares of Rollins, Inc. (NYSE:ROL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,981 shares of the business services provider’s stock, valued at approximately $201,000.

Other hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in Rollins during the 3rd quarter valued at about $28,000. Quest Partners LLC bought a new stake in shares of Rollins in the second quarter worth approximately $33,000. Ridgewood Investments LLC purchased a new position in shares of Rollins during the second quarter valued at approximately $34,000. Quent Capital LLC lifted its position in Rollins by 43.9% during the second 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 during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Rollins by 10,233.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock worth $45,000 after purchasing an additional 921 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the transaction, the insider now owns 89,338 shares in the company, valued at $4,533,010.12. This trade represents a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,120 shares of company stock valued at $1,209,993 over the last ninety days. 4.69% of the stock is currently owned by company insiders.

Rollins Stock Down 1.6 %

NYSE ROL opened at $50.33 on Monday. Rollins, Inc. has a 52 week low of $39.94 and a 52 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 company has a market capitalization of $24.37 billion, a P/E ratio of 52.43 and a beta of 0.70. The stock’s 50-day moving average price is $49.58 and its 200-day moving average price is $49.01.

Rollins (NYSE:ROL) last issued 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 analysts’ expectations of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. Rollins’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. On average, equities research analysts predict that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio is presently 68.75%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Barclays began coverage on Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. Finally, StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Rollins currently has a consensus rating of “Hold” and an average price target of $49.83.

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.