TD Private Client Wealth LLC Buys 685 Shares of Rollins, Inc. (NYSE:ROL)

TD Private Client Wealth LLC increased its stake in shares of Rollins, Inc. (NYSE:ROL) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,759 shares of the business services provider’s stock after purchasing an additional 685 shares during the quarter. TD Private Client Wealth LLC’s holdings in Rollins were worth $2,314,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ROL. Montrusco Bolton Investments Inc. lifted its holdings in Rollins by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after buying an additional 1,154,722 shares during the period. Fiera Capital Corp acquired a new position in Rollins in the third quarter valued at approximately $43,225,000. Point72 Asset Management L.P. acquired a new position in Rollins in the third quarter valued at approximately $28,980,000. Assenagon Asset Management S.A. lifted its holdings in Rollins by 185.0% in the second quarter. Assenagon Asset Management S.A. now owns 384,935 shares of the business services provider’s stock valued at $18,781,000 after buying an additional 249,860 shares during the period. Finally, Bridges Investment Management Inc. lifted its holdings in Rollins by 440.9% in the second quarter. Bridges Investment Management Inc. now owns 261,049 shares of the business services provider’s stock valued at $12,737,000 after buying an additional 212,789 shares during the period. 51.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ROL shares. Morgan Stanley increased their price objective on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday. Barclays initiated coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. Wells Fargo & Company increased their target price on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.67.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total value of $236,545.65. Following the completion of the transaction, the insider now owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. This trade represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 approximately $6,195,794.32. This trade represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. 4.69% of the stock is owned by insiders.

Rollins Stock Down 0.5 %

Shares of ROL stock opened at $48.75 on Friday. The firm has a fifty day moving average of $49.38 and a 200-day moving average of $49.15. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12-month low of $40.41 and a 12-month high of $52.16. The company has a market capitalization of $23.61 billion, a price-to-earnings ratio of 50.78 and a beta of 0.72.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $911.15 million. During the same period in the prior year, the company earned $0.28 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. As a group, equities research analysts predict 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 given a dividend of $0.165 per share. This is an increase from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.35%. Rollins’s dividend payout ratio is currently 68.75%.

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.