Algert Global LLC Purchases New Shares in Rollins, Inc. (NYSE:ROL)

Algert Global LLC bought a new stake in Rollins, Inc. (NYSE:ROL - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 60,126 shares of the business services provider's stock, valued at approximately $3,041,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in Rollins in the second quarter valued at about $33,000. Ridgewood Investments LLC bought a new stake in shares of Rollins in the 2nd quarter valued at approximately $34,000. Quent Capital LLC raised its position in shares of Rollins by 43.9% during 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 in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of 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 purchasing an additional 921 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in Rollins during the third quarter worth about $52,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented 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 downgraded Rollins from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Barclays assumed coverage on Rollins in a research note on Monday, November 4th. They issued an "equal weight" rating and a $50.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $49.83.

Insider Activity at Rollins

In other news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins 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 of the company's stock, valued at $4,274,129.97. The trade was a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the 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 approximately $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 company insiders.

Rollins Stock Up 0.7 %

Shares of Rollins stock opened at $51.60 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. Rollins, Inc. has a 1-year low of $39.72 and a 1-year high of $52.16. The business's fifty day moving average price is $49.54 and its two-hundred day moving average price is $48.92. The company has a market capitalization of $24.99 billion, a P/E ratio of 53.74 and a beta of 0.70.

Rollins (NYSE:ROL - Get Free Report) last issued 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). The company had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. Rollins's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 earnings per share. As a group, research analysts forecast that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a $0.165 dividend. The ex-dividend date 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 1.28%. Rollins's dividend payout ratio (DPR) 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.