Rollins, Inc. (NYSE:ROL) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in shares of Rollins, Inc. (NYSE:ROL) by 8.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 545,075 shares of the business services provider’s stock after selling 48,906 shares during the period. BNP Paribas Financial Markets’ holdings in Rollins were worth $27,570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ROL. Assenagon Asset Management S.A. grew its position in Rollins by 185.0% during the second 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 period. Cetera Investment Advisers boosted its stake in shares of Rollins by 4,697.4% during the 1st quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock worth $14,997,000 after acquiring an additional 317,353 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Rollins in the 3rd quarter worth approximately $1,428,000. Manning & Napier Advisors LLC purchased a new position in Rollins in the 2nd quarter valued at approximately $13,580,000. Finally, Intech Investment Management LLC raised its holdings in Rollins by 13.7% during the third quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock worth $33,484,000 after purchasing an additional 79,546 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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. This represents a 10.61 % 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 worth $1,209,993 over the last quarter. 4.69% of the stock is currently owned by insiders.

Rollins Trading Down 1.5 %

Shares of ROL stock opened at $50.39 on Friday. The company has a market capitalization of $24.40 billion, a price-to-earnings ratio of 52.49 and a beta of 0.70. 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 firm has a 50-day moving average price of $49.58 and a 200 day moving average price of $48.98. Rollins, Inc. has a twelve month low of $39.94 and a twelve 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The firm had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. During the same period in the prior year, the firm earned $0.28 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. Research analysts forecast that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio is currently 68.75%.

Analyst Ratings Changes

Several research firms have weighed in on ROL. Wells Fargo & Company upped their target price on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. StockNews.com cut 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 report on Monday, November 4th. They set 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $49.83.

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.