Meeder Asset Management Inc. Boosts Position in Rollins, Inc. (NYSE:ROL)

Meeder Asset Management Inc. boosted its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 16,415.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,830 shares of the business services provider's stock after buying an additional 36,607 shares during the quarter. Meeder Asset Management Inc.'s holdings in Rollins were worth $1,863,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in shares of Rollins in the second quarter valued at approximately $33,000. Ridgewood Investments LLC purchased a new stake in shares of Rollins in the 2nd quarter worth $34,000. Quent Capital LLC grew its position in shares of Rollins by 43.9% during 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. Whittier Trust Co. of Nevada Inc. increased 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 buying an additional 921 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in shares of Rollins in the third quarter valued at about $52,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Barclays initiated coverage on shares of Rollins in a report on Monday, November 4th. They set an "equal weight" rating and a $50.00 target price on the stock. StockNews.com downgraded shares of Rollins from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Wells Fargo & Company upped their target price on Rollins from $54.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 price target on shares of Rollins in a report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $49.83.

Rollins Stock Down 1.1 %

NYSE:ROL traded down $0.55 during mid-day trading on Tuesday, hitting $49.50. 1,195,960 shares of the company's stock traded hands, compared to its average volume of 1,706,648. The company has a fifty day moving average of $49.57 and a 200 day moving average of $48.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. Rollins, Inc. has a twelve month low of $39.20 and a twelve month high of $52.16. The company has a market capitalization of $23.97 billion, a P/E ratio of 51.56 and a beta of 0.70.

Rollins (NYSE:ROL - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (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 firm had revenue of $916.27 million during the quarter, compared to analysts' expectations of $911.15 million. During the same quarter last year, the business earned $0.28 EPS. The business's revenue was up 9.0% on a year-over-year basis. On average, analysts forecast that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.33%. 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. Rollins's dividend payout ratio is currently 68.75%.

Insider Activity

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the sale, the insider now directly owns 89,338 shares of the company's stock, valued at approximately $4,533,010.12. This trade represents a 4.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares of the company's stock, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,120 shares of company stock valued at $1,209,993 in the last three months. 4.69% of the stock is currently owned by corporate insiders.

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.