Dynamic Technology Lab Private Ltd Takes $1.43 Million Position in Rollins, Inc. (NYSE:ROL)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,232 shares of the business services provider's stock, valued at approximately $1,428,000.

Several other institutional investors have also modified their holdings of the company. QRG Capital Management Inc. boosted its stake in Rollins by 4.7% during the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider's stock valued at $222,000 after purchasing an additional 203 shares during the period. B.O.S.S. Retirement Advisors LLC boosted its position in shares of Rollins by 4.9% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider's stock worth $230,000 after buying an additional 212 shares during the period. Quent Capital LLC grew its holdings in Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider's stock worth $38,000 after buying an additional 236 shares in the last quarter. Mather Group LLC. increased its position in Rollins by 8.8% in the 3rd quarter. Mather Group LLC. now owns 3,027 shares of the business services provider's stock valued at $153,000 after acquiring an additional 246 shares during the period. Finally, Federated Hermes Inc. raised its stake in Rollins by 16.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider's stock valued at $86,000 after acquiring an additional 249 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

Rollins Price Performance

Rollins stock traded up $0.37 during midday trading on Tuesday, hitting $51.60. The company's stock had a trading volume of 2,523,864 shares, compared to its average volume of 1,702,525. Rollins, Inc. has a 12 month low of $39.72 and a 12 month high of $52.16. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The stock's 50-day moving average price is $49.53 and its 200-day moving average price is $48.88. The company has a market capitalization of $24.99 billion, a PE ratio of 53.38 and a beta of 0.70.

Rollins (NYSE:ROL - Get Free Report) last released its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. Analysts anticipate that Rollins, Inc. will post 0.99 earnings per share for the current fiscal 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 paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change 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 currently 68.75%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com cut Rollins from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their target price on shares of Rollins from $54.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Finally, 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 for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Rollins presently has a consensus rating of "Hold" and a consensus target price of $49.83.

Insider Buying and Selling

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business's 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 owns 124,214 shares in the company, valued at $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the insider now directly owns 84,653 shares of the company's stock, valued at $4,274,129.97. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,120 shares of company stock worth $1,209,993 in the last three months. 4.69% of the stock is currently owned by insiders.

Rollins Company 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.