Dynamic Technology Lab Private Ltd Invests $1.43 Million in Rollins, Inc. (NYSE:ROL)

Dynamic Technology Lab Private Ltd purchased a new stake in Rollins, Inc. (NYSE:ROLFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,232 shares of the business services provider’s stock, valued at approximately $1,428,000.

Other hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in shares of Rollins in the second quarter valued at $33,000. Ridgewood Investments LLC acquired a new position in Rollins in the 2nd quarter valued at about $34,000. Quent Capital LLC raised 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 acquiring an additional 236 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in Rollins by 10,233.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock worth $45,000 after acquiring an additional 921 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Rollins during the third quarter worth approximately $52,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Performance

ROL opened at $51.24 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. Rollins, Inc. has a 52-week low of $39.72 and a 52-week high of $52.16. The firm has a market cap of $24.82 billion, a P/E ratio of 53.38 and a beta of 0.70. The business’s fifty day moving average is $49.53 and its 200-day moving average is $48.88.

Rollins (NYSE:ROLGet Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. Sell-side analysts expect that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a dividend of $0.165 per share. This is an increase from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Tuesday, November 12th. Rollins’s dividend payout ratio is currently 68.75%.

Insider Activity at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the transaction, the insider now directly owns 84,653 shares in the company, valued at $4,274,129.97. The trade was a 5.24 % 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 valued at $1,209,993 over the last ninety days. 4.69% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Read Our Latest Analysis on ROL

Rollins Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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