Axxcess Wealth Management LLC Has $1.80 Million Stock Position in Rollins, Inc. (NYSE:ROL)

Axxcess Wealth Management LLC grew its position in Rollins, Inc. (NYSE:ROL - Free Report) by 41.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,519 shares of the business services provider's stock after purchasing an additional 10,474 shares during the quarter. Axxcess Wealth Management LLC's holdings in Rollins were worth $1,797,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. TD Asset Management Inc increased its position in Rollins by 14.5% during the first quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider's stock worth $130,765,000 after acquiring an additional 357,535 shares during the period. Assenagon Asset Management S.A. boosted its stake 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 in the last quarter. Cetera Investment Advisers boosted its stake in Rollins by 4,697.4% during the first quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider's stock worth $14,997,000 after buying an additional 317,353 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in Rollins by 328.2% during the first quarter. Motley Fool Asset Management LLC now owns 38,268 shares of the business services provider's stock worth $1,771,000 after buying an additional 29,331 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in Rollins during the second quarter worth $13,580,000. Institutional investors own 51.79% of the company's stock.

Rollins Price Performance

Shares of Rollins stock traded up $0.36 during trading on Tuesday, reaching $51.08. The company's stock had a trading volume of 1,552,716 shares, compared to its average volume of 1,707,068. The stock has a 50-day moving average price of $49.53 and a two-hundred day moving average price of $48.57. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a one year low of $38.23 and a one year high of $51.96. The stock has a market capitalization of $24.74 billion, a P/E ratio of 53.00 and a beta of 0.70.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. As a group, sell-side analysts anticipate that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.165 per share. This is a boost from Rollins's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, November 12th. Rollins's payout ratio is currently 68.75%.

Insiders Place Their Bets

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the completion of the sale, the insider now directly owns 84,653 shares of the company's stock, valued at $4,274,129.97. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.69% of the company's stock.

Wall Street Analysts Forecast Growth

ROL has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Rollins from $54.00 to $56.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Royal Bank of Canada restated an "outperform" rating and issued a $52.00 target price on shares of Rollins in a research note on Thursday, July 25th. StockNews.com downgraded shares of Rollins from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Barclays initiated coverage on Rollins in a report on Monday, November 4th. They issued an "equal weight" rating and a $50.00 price target 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 MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $49.83.

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.