Brooklyn Investment Group Makes New $28,000 Investment in Rollins, Inc. (NYSE:ROL)

Brooklyn Investment Group bought a new stake in Rollins, Inc. (NYSE:ROL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 548 shares of the business services provider’s stock, valued at approximately $28,000.

A number of other large investors have also recently bought and sold shares of the stock. Quest Partners LLC purchased a new stake in Rollins during the 2nd quarter worth about $33,000. Ridgewood Investments LLC acquired a new stake in Rollins in the 2nd quarter worth about $34,000. Quent Capital LLC grew its holdings 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 buying an additional 236 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Rollins by 10,233.3% during 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 acquiring an additional 921 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Rollins during the 3rd quarter worth about $52,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

Shares of NYSE ROL opened at $50.33 on Friday. The company has a market capitalization of $24.38 billion, a price-to-earnings ratio of 52.43 and a beta of 0.70. Rollins, Inc. has a 1-year low of $39.94 and a 1-year high of $52.16. The business has a 50-day moving average of $49.58 and a 200-day moving average of $48.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72.

Rollins (NYSE:ROL) last announced its 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 during 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 quarter last year, the company posted $0.28 earnings per share. On average, equities analysts anticipate that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

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

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ROL shares. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Wells Fargo & Company lifted their target price on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Barclays began coverage on Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.