Pallas Capital Advisors LLC Acquires Shares of 4,393 Rollins, Inc. (NYSE:ROL)

Pallas Capital Advisors LLC bought a new stake in shares of Rollins, Inc. (NYSE:ROL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,393 shares of the business services provider’s stock, valued at approximately $204,000.

Other large investors have also recently made changes to their positions in the company. TD Asset Management Inc increased its holdings in Rollins by 14.5% in the 1st quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock worth $130,765,000 after acquiring an additional 357,535 shares during the last quarter. Assenagon Asset Management S.A. lifted its position 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 worth $18,781,000 after buying an additional 249,860 shares during the last quarter. Geneva Capital Management LLC lifted its position in Rollins by 20.8% in the 1st quarter. Geneva Capital Management LLC now owns 375,845 shares of the business services provider’s stock worth $17,390,000 after buying an additional 64,639 shares during the last quarter. Cetera Investment Advisers lifted its position in Rollins by 4,697.4% in the 1st quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock worth $14,997,000 after buying an additional 317,353 shares during the last quarter. Finally, Motley Fool Asset Management LLC lifted its position in Rollins by 328.2% in the 1st quarter. Motley Fool Asset Management LLC now owns 38,268 shares of the business services provider’s stock worth $1,771,000 after buying an additional 29,331 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the sale, the insider now directly owns 84,653 shares of the company’s stock, valued at $4,274,129.97. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.69% of the stock is owned by insiders.

Rollins Price Performance

ROL opened at $47.33 on Friday. 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 $37.06 and a 52-week high of $51.96. The stock has a market capitalization of $22.92 billion, a PE ratio of 49.30 and a beta of 0.70. The stock’s 50 day moving average price is $49.63 and its 200-day moving average price is $48.23.

Rollins (NYSE:ROL) last posted its earnings results 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 net margin of 14.18% and a return on equity of 38.67%. The business had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. During the same period last year, the firm posted $0.28 earnings per share. Rollins’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts predict that Rollins, Inc. will post 0.99 EPS for the current 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 paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This is a boost from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.39%. Rollins’s payout ratio is 62.50%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ROL. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company boosted their price objective on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.80.

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.