Geode Capital Management LLC Raises Holdings in Rollins, Inc. (NYSE:ROL)

Geode Capital Management LLC grew its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,275,415 shares of the business services provider's stock after purchasing an additional 157,619 shares during the quarter. Geode Capital Management LLC owned about 1.50% of Rollins worth $366,821,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC boosted its stake in Rollins by 34.8% during the third quarter. Barclays PLC now owns 721,467 shares of the business services provider's stock worth $36,491,000 after buying an additional 186,452 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Rollins by 65.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 131,362 shares of the business services provider's stock valued at $6,644,000 after acquiring an additional 52,112 shares during the last quarter. Kensington Investment Counsel LLC grew its holdings in shares of Rollins by 2.8% in the third quarter. Kensington Investment Counsel LLC now owns 37,857 shares of the business services provider's stock valued at $1,915,000 after purchasing an additional 1,026 shares during the period. Orion Portfolio Solutions LLC increased its position in Rollins by 17.5% during the third quarter. Orion Portfolio Solutions LLC now owns 8,526 shares of the business services provider's stock worth $431,000 after purchasing an additional 1,269 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in Rollins by 133.4% during the third quarter. National Bank of Canada FI now owns 180,959 shares of the business services provider's stock worth $9,153,000 after purchasing an additional 103,426 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Price Performance

Shares of NYSE ROL remained flat at $48.77 during midday trading on Friday. 1,744,954 shares of the stock traded hands, compared to its average volume of 1,692,546. The stock has a market capitalization of $23.62 billion, a price-to-earnings ratio of 50.80 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 company's 50-day moving average price is $49.35 and its two-hundred day moving average price is $49.19.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The firm's revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. Analysts anticipate 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 was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Tuesday, November 12th. This is a boost from Rollins's previous quarterly dividend of $0.15. Rollins's dividend payout ratio (DPR) is presently 68.75%.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the 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 transaction, the insider now owns 84,653 shares of the company's stock, valued at $4,274,129.97. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction dated Friday, November 15th. The stock was 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 disclosure for this sale can be found here. Corporate insiders own 4.69% of the company's stock.

Analyst Ratings Changes

ROL has been the subject of a number of recent analyst reports. Barclays assumed coverage on shares of Rollins in a research report on Monday, November 4th. They set an "equal weight" rating and a $50.00 price target on the stock. Wells Fargo & Company boosted their price objective 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 lowered shares of Rollins from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Morgan Stanley boosted their price target on shares of Rollins from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $50.67.

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.