Rollins, Inc. (NYSE:ROL) Stock Position Increased by Raymond James Trust N.A.

Raymond James Trust N.A. grew its position in Rollins, Inc. (NYSE:ROL) by 1.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 13,283 shares of the business services provider’s stock after buying an additional 252 shares during the period. Raymond James Trust N.A.’s holdings in Rollins were worth $672,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ROL. Charles Schwab Investment Management Inc. boosted its position in shares of Rollins by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider’s stock worth $109,655,000 after buying an additional 31,458 shares during the period. Landscape Capital Management L.L.C. raised its stake in Rollins by 104.0% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 82,942 shares of the business services provider’s stock valued at $4,195,000 after acquiring an additional 42,280 shares in the last quarter. Intech Investment Management LLC boosted its position in Rollins by 13.7% during the 3rd quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock worth $33,484,000 after acquiring an additional 79,546 shares during the period. Moran Wealth Management LLC grew its stake in shares of Rollins by 56.5% in the third quarter. Moran Wealth Management LLC now owns 15,497 shares of the business services provider’s stock worth $784,000 after purchasing an additional 5,594 shares in the last quarter. Finally, EULAV Asset Management increased its holdings in shares of Rollins by 7.0% during the third quarter. EULAV Asset Management now owns 304,723 shares of the business services provider’s stock valued at $15,413,000 after purchasing an additional 20,025 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’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 sale, the insider now directly owns 124,214 shares of the company’s stock, valued at $6,195,794.32. The trade was a 10.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the sale, the insider now owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The trade was a 4.98 % 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 over the last three months. Insiders own 4.69% of the company’s stock.

Rollins Stock Performance

Shares of ROL opened at $51.24 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The firm’s 50 day moving average is $49.52 and its 200-day moving average is $48.85. Rollins, Inc. has a 12-month low of $39.72 and a 12-month high of $52.16. The stock has a market capitalization of $24.82 billion, a P/E ratio of 53.38 and a beta of 0.70.

Rollins (NYSE:ROL) last posted its quarterly 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). The business had revenue of $916.27 million during 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 EPS. Equities research analysts anticipate that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.29%. Rollins’s payout ratio is 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.