Atria Investments Inc Acquires 26,385 Shares of Rollins, Inc. (NYSE:ROL)

Atria Investments Inc raised its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 18.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 166,538 shares of the business services provider's stock after acquiring an additional 26,385 shares during the period. Atria Investments Inc's holdings in Rollins were worth $8,424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC acquired a new position in shares of Rollins in the second quarter worth approximately $33,000. Ridgewood Investments LLC acquired a new position in shares of Rollins during the second quarter worth approximately $34,000. Quent Capital LLC raised its position 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 worth $38,000 after purchasing an additional 236 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in 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 buying an additional 921 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Rollins during the third quarter worth $52,000. Institutional investors own 51.79% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com downgraded Rollins from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Royal Bank of Canada restated an "outperform" rating and issued a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. Wells Fargo & Company upped their price target on Rollins from $54.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Finally, Barclays began coverage on Rollins in a research report on Monday, November 4th. They set an "equal weight" rating and a $50.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $49.83.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total transaction of $236,545.65. Following the transaction, the insider now directly owns 84,653 shares in the company, valued at $4,274,129.97. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.69% of the stock is owned by corporate insiders.

Rollins Price Performance

ROL traded up $0.70 during trading on Monday, reaching $50.88. 1,100,717 shares of the company were exchanged, compared to its average volume of 1,704,202. The company's 50-day moving average is $49.52 and its two-hundred day moving average is $48.52. The company has a market cap of $24.64 billion, a price-to-earnings ratio of 52.97 and a beta of 0.70. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12-month low of $38.23 and a 12-month high of $51.96.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share 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 analysts' expectations of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The business's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. Research analysts forecast that Rollins, Inc. will post 0.99 earnings per share 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 given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.30%. This is a positive change from Rollins's previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, November 12th. Rollins's dividend payout ratio (DPR) is presently 62.50%.

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.