Centiva Capital LP Buys 31,086 Shares of Rollins, Inc. (NYSE:ROL)

Centiva Capital LP grew its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 497.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,329 shares of the business services provider's stock after purchasing an additional 31,086 shares during the quarter. Centiva Capital LP's holdings in Rollins were worth $1,888,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Benjamin Edwards Inc. increased its holdings in Rollins by 204.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 14,849 shares of the business services provider's stock valued at $751,000 after buying an additional 9,965 shares during the period. Paloma Partners Management Co bought a new position in Rollins in the 3rd quarter valued at about $988,000. Point72 Hong Kong Ltd bought a new position in Rollins in the 3rd quarter valued at about $1,257,000. True Wealth Design LLC increased its holdings in Rollins by 4,272.2% in the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider's stock valued at $40,000 after buying an additional 769 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Rollins by 6.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,205,287 shares of the business services provider's stock valued at $60,963,000 after buying an additional 70,910 shares during the period. 51.79% of the stock is owned by institutional investors.

Rollins Stock Performance

NYSE:ROL remained flat at $49.66 during mid-day trading on Wednesday. 1,001,108 shares of the company traded hands, compared to its average volume of 1,702,352. The company has a market cap of $24.05 billion, a price-to-earnings ratio of 51.73 and a beta of 0.72. Rollins, Inc. has a twelve month low of $40.41 and a twelve month high of $52.16. 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 stock's fifty day moving average is $49.52 and its 200 day moving average is $49.05.

Rollins (NYSE:ROL - Get Free Report) last released 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 company had revenue of $916.27 million during 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%. The business's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, analysts expect that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $0.165 dividend. This is a positive change from Rollins's previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.33%. Rollins's dividend payout ratio is presently 68.75%.

Wall Street Analysts Forecast Growth

ROL has been the topic of a number of research analyst reports. Barclays initiated coverage on shares of Rollins in a research note on Monday, November 4th. They issued an "equal weight" rating and a $50.00 price target on the stock. StockNews.com downgraded shares of Rollins from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company raised their price target 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $49.83.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the company's 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 directly owns 84,653 shares in the company, valued at approximately $4,274,129.97. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the transaction, the insider now owns 124,214 shares in the company, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.69% of the company's stock.

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.