Rollins, Inc. (NYSE:ROL) Shares Acquired by Montanaro Asset Management Ltd

Montanaro Asset Management Ltd lifted its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 20.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,000 shares of the business services provider's stock after buying an additional 41,500 shares during the period. Rollins makes up 2.2% of Montanaro Asset Management Ltd's holdings, making the stock its 21st biggest position. Montanaro Asset Management Ltd owned 0.05% of Rollins worth $12,544,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROL. QRG Capital Management Inc. increased its position in Rollins by 4.7% during the second quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider's stock worth $222,000 after purchasing an additional 203 shares during the last quarter. B.O.S.S. Retirement Advisors LLC increased its position in Rollins by 4.9% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider's stock worth $230,000 after purchasing an additional 212 shares during the last quarter. Quent Capital LLC increased its position in Rollins by 43.9% during the second quarter. Quent Capital LLC now owns 774 shares of the business services provider's stock worth $38,000 after purchasing an additional 236 shares during the last quarter. Mather Group LLC. increased its position in Rollins by 8.8% during the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider's stock worth $153,000 after purchasing an additional 246 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in Rollins by 16.4% during the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider's stock worth $86,000 after purchasing an additional 249 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Up 2.3 %

Shares of NYSE:ROL traded up $1.14 during trading on Friday, hitting $50.18. 1,466,715 shares of the company were exchanged, compared to its average volume of 1,681,549. The stock has a market capitalization of $24.30 billion, a P/E ratio of 52.27 and a beta of 0.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. Rollins, Inc. has a 12-month low of $37.61 and a 12-month high of $51.96. The firm's 50 day moving average price is $49.52 and its 200-day moving average price is $48.48.

Rollins (NYSE:ROL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate 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 quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. On average, research analysts predict that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost 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 62.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. StockNews.com cut shares of Rollins from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price target on shares of Rollins from $54.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Finally, 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 for the company. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Rollins currently has a consensus rating of "Hold" and an average target price of $49.83.

Insider Activity

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the business's 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 transaction, the insider now directly owns 84,653 shares of the company's stock, valued at approximately $4,274,129.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.69% of the company's stock.

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.