Rollins, Inc. (NYSE:ROL) Shares Bought by Fmr LLC

FMR LLC grew its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 65.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,200 shares of the business services provider's stock after acquiring an additional 15,574 shares during the quarter. FMR LLC's holdings in Rollins were worth $1,983,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. B.O.S.S. Retirement Advisors LLC lifted its holdings in Rollins by 4.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider's stock valued at $230,000 after acquiring an additional 212 shares during the period. Mather Group LLC. increased its holdings in Rollins by 8.8% during the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider's stock valued at $153,000 after buying an additional 246 shares during the last quarter. Federated Hermes Inc. increased its holdings in Rollins by 16.4% during the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider's stock valued at $86,000 after buying an additional 249 shares during the last quarter. Raymond James Trust N.A. raised its position in Rollins by 1.9% in the third quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider's stock worth $672,000 after acquiring an additional 252 shares during the period. Finally, Tortoise Investment Management LLC boosted its stake in shares of Rollins by 18.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,728 shares of the business services provider's stock worth $84,000 after acquiring an additional 269 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company'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 completion of the sale, the insider now owns 124,214 shares of the company's stock, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the sale, the insider now owns 84,653 shares of the company's stock, 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. 4.69% of the stock is currently owned by insiders.

Rollins Trading Down 0.4 %

ROL traded down $0.21 on Monday, hitting $48.56. The company had a trading volume of 2,311,618 shares, compared to its average volume of 1,695,104. The business's fifty day simple moving average is $49.35 and its 200 day simple moving average is $49.22. 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 $40.41 and a 12-month high of $52.16. The company has a market cap of $23.52 billion, a PE ratio of 51.40 and a beta of 0.72.

Rollins (NYSE:ROL - Get Free Report) last announced its 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 company had revenue of $916.27 million during the quarter, compared to analysts' expectations of $911.15 million. During the same quarter last year, the firm posted $0.28 EPS. Rollins's revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts expect that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from Rollins's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.36%. Rollins's payout ratio is currently 68.75%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays initiated coverage on Rollins in a research note on Monday, November 4th. They issued an "equal weight" rating and a $50.00 price objective on the stock. Morgan Stanley increased their target price on Rollins from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, StockNews.com cut Rollins from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Rollins has a consensus rating of "Hold" and a consensus target price of $51.00.

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.