EULAV Asset Management Raises Holdings in Rollins, Inc. (NYSE:ROL)

EULAV Asset Management grew its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 7.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 304,723 shares of the business services provider's stock after acquiring an additional 20,025 shares during the quarter. EULAV Asset Management owned about 0.06% of Rollins worth $15,413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC acquired a new stake in Rollins in the second quarter valued at approximately $33,000. Ridgewood Investments LLC acquired a new position in Rollins in the 2nd quarter worth about $34,000. Quent Capital LLC raised its position in Rollins by 43.9% in the second quarter. Quent Capital LLC now owns 774 shares of the business services provider's stock valued at $38,000 after purchasing an additional 236 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake 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 valued at $45,000 after purchasing an additional 921 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Rollins during the third quarter worth about $52,000. Institutional investors and hedge funds own 51.79% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm'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 value of $735,730.00. Following the sale, the insider now directly owns 124,214 shares of the company's stock, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction 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 completion of 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,120 shares of company stock valued at $1,209,993. Corporate insiders own 4.69% of the company's stock.

Rollins Stock Down 0.1 %

Shares of NYSE ROL traded down $0.07 during mid-day trading on Wednesday, reaching $49.44. 1,011,936 shares of the company's stock traded hands, compared to its average volume of 1,703,569. 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 business has a 50-day simple moving average of $49.54 and a 200 day simple moving average of $48.79. The stock has a market cap of $23.94 billion, a P/E ratio of 51.56 and a beta of 0.70. Rollins, Inc. has a 1-year low of $39.62 and a 1-year high of $52.16.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. During the same quarter last year, the business posted $0.28 earnings per share. The business's revenue was up 9.0% compared to the same quarter last year. On average, analysts expect that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Barclays began coverage on shares of Rollins in a research note on Monday, November 4th. They issued an "equal weight" rating and a $50.00 price objective on the stock. Royal Bank of Canada reissued 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 raised their target price on Rollins from $54.00 to $56.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Finally, StockNews.com lowered Rollins from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $49.83.

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.