Bamco Inc. NY Sells 121,343 Shares of Rollins, Inc. (NYSE:ROL)

Bamco Inc. NY lessened its position in Rollins, Inc. (NYSE:ROL) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,548,750 shares of the business services provider’s stock after selling 121,343 shares during the period. Bamco Inc. NY’s holdings in Rollins were worth $78,336,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ROL. Brooklyn Investment Group purchased a new stake in shares of Rollins during the third quarter worth about $28,000. Quest Partners LLC purchased a new stake in Rollins in the 2nd quarter worth approximately $33,000. Ridgewood Investments LLC bought a new stake in shares of Rollins in the 2nd quarter worth approximately $34,000. Quent Capital LLC increased its stake in shares of Rollins by 43.9% during the second 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. Finally, True Wealth Design LLC raised its holdings in shares of Rollins by 4,272.2% during the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 769 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

ROL has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Barclays started coverage on shares of Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target for the company. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.83.

Insider Activity at Rollins

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 84,653 shares in the company, valued at approximately $4,274,129.97. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 24,120 shares of company stock valued at $1,209,993 in the last 90 days. Corporate insiders own 4.69% of the company’s stock.

Rollins Stock Performance

Shares of ROL stock opened at $50.33 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average price is $49.58 and its 200-day moving average price is $49.01. The stock has a market cap of $24.37 billion, a PE ratio of 52.43 and a beta of 0.70. Rollins, Inc. has a 12 month low of $39.94 and a 12 month high of $52.16.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 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 business had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. During the same period in the previous year, the firm earned $0.28 EPS. The company’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts expect that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.31%. This is an increase from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio is presently 68.75%.

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.