Rollins, Inc. (NYSE:ROL) Shares Bought by Barclays PLC

Barclays PLC raised its holdings in shares of Rollins, Inc. (NYSE:ROL) by 34.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 721,467 shares of the business services provider’s stock after buying an additional 186,452 shares during the quarter. Barclays PLC owned about 0.15% of Rollins worth $36,491,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings in Rollins by 185.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 384,935 shares of the business services provider’s stock valued at $18,781,000 after acquiring an additional 249,860 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Rollins in the third quarter valued at approximately $1,428,000. Intech Investment Management LLC increased its holdings in shares of Rollins by 13.7% in the third quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock valued at $33,484,000 after purchasing an additional 79,546 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in Rollins during the third quarter worth approximately $5,102,000. Finally, Raymond James & Associates boosted its stake in Rollins by 3.6% during the second quarter. Raymond James & Associates now owns 1,236,421 shares of the business services provider’s stock worth $60,325,000 after buying an additional 43,144 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on ROL. Wells Fargo & Company raised their target price on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Barclays initiated coverage on shares of Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective for the company. Morgan Stanley boosted 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. Finally, StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Four equities research 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 a consensus rating of “Hold” and a consensus price target of $50.67.

Rollins Stock Performance

Shares of ROL stock opened at $48.77 on Friday. Rollins, Inc. has a 1-year low of $40.41 and a 1-year high of $52.16. The firm has a market cap of $23.62 billion, a PE ratio of 50.80 and a beta of 0.72. The company has a 50-day moving average of $49.38 and a two-hundred day moving average of $49.15. 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 posted 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). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The company had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. During the same quarter last year, the business posted $0.28 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts predict that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a dividend of $0.165 per share. This is a positive change 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 yield of 1.35%. Rollins’s dividend payout ratio is presently 68.75%.

Insider Activity at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the sale, the insider now owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction that occurred 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 of the company’s stock, valued at $4,274,129.97. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by company insiders.

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.