Geneva Capital Management LLC Purchases 159,141 Shares of Rollins, Inc. (NYSE:ROL)

Geneva Capital Management LLC increased its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 40.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 553,863 shares of the business services provider's stock after buying an additional 159,141 shares during the period. Geneva Capital Management LLC owned 0.11% of Rollins worth $28,014,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ROL. Empowered Funds LLC bought a new position in Rollins in the 1st quarter valued at $252,000. QRG Capital Management Inc. bought a new position in Rollins in the 1st quarter valued at $201,000. Bleakley Financial Group LLC boosted its holdings in Rollins by 8.1% in the 1st quarter. Bleakley Financial Group LLC now owns 7,468 shares of the business services provider's stock valued at $346,000 after purchasing an additional 560 shares during the period. Koshinski Asset Management Inc. boosted its holdings in Rollins by 19.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 10,690 shares of the business services provider's stock valued at $495,000 after purchasing an additional 1,767 shares during the period. Finally, TD Asset Management Inc boosted its holdings in Rollins by 14.5% in the 1st quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider's stock valued at $130,765,000 after purchasing an additional 357,535 shares during the period. 51.79% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total transaction of $237,716.90. Following the sale, the insider now owns 89,338 shares of the company's stock, valued at $4,533,010.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.69% of the company's stock.

Rollins Trading Up 0.6 %

Shares of ROL stock traded up $0.31 during mid-day trading on Wednesday, reaching $51.39. The stock had a trading volume of 666,039 shares, compared to its average volume of 1,702,602. The stock's 50-day moving average price is $49.53 and its two-hundred day moving average price is $48.57. Rollins, Inc. has a 52-week low of $38.89 and a 52-week high of $52.16. The firm has a market capitalization of $24.89 billion, a PE ratio of 54.07 and a beta of 0.70. 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 (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The company had revenue of $916.27 million for 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 company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. Equities analysts expect that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business 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 dividend of $0.165 per share. 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. Rollins's payout ratio is presently 68.75%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. 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 report on Tuesday, October 15th. StockNews.com cut shares of Rollins from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Barclays began coverage on shares of Rollins in a research report on Monday, November 4th. They set an "equal weight" rating and a $50.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock 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.