Oddo BHF Asset Management Sas Invests $1.28 Million in Rollins, Inc. (NYSE:ROL)

Oddo BHF Asset Management Sas bought a new stake in Rollins, Inc. (NYSE:ROL - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 25,294 shares of the business services provider's stock, valued at approximately $1,279,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its stake in shares of Rollins by 185.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 384,935 shares of the business services provider's stock valued at $18,781,000 after buying an additional 249,860 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Rollins in the third quarter worth approximately $1,428,000. Intech Investment Management LLC grew its holdings in Rollins by 13.7% during the 3rd quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider's stock worth $33,484,000 after acquiring an additional 79,546 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in Rollins during the 3rd quarter worth approximately $5,102,000. Finally, Raymond James & Associates increased its position in shares of Rollins by 3.6% in the 2nd quarter. Raymond James & Associates now owns 1,236,421 shares of the business services provider's stock valued at $60,325,000 after purchasing an additional 43,144 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ROL. Wells Fargo & Company lifted their price objective on shares of Rollins from $54.00 to $56.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Morgan Stanley upped their price objective on Rollins from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday. Barclays initiated coverage on Rollins in a report on Monday, November 4th. They issued an "equal weight" rating and a $50.00 price objective on the stock. Finally, StockNews.com cut Rollins from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $50.67.

Rollins Price Performance

Shares of ROL remained flat at $48.77 during midday trading on Friday. The stock had a trading volume of 1,744,954 shares, compared to its average volume of 1,692,546. 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 stock has a market cap of $23.62 billion, a P/E ratio of 50.80 and a beta of 0.72. The firm has a fifty day simple moving average of $49.35 and a 200-day simple moving average of $49.19.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The company's quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. As a group, equities research analysts expect that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm 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 represents a $0.66 dividend on an annualized basis and a yield of 1.35%. This is a boost from Rollins's previous quarterly dividend of $0.15. Rollins's dividend payout ratio is currently 68.75%.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total transaction of $236,545.65. Following the completion of the sale, the insider now directly owns 84,653 shares of the company's stock, valued at approximately $4,274,129.97. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business'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 transaction, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their position. The disclosure for this sale can be found here. 4.69% of the stock is owned by company insiders.

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.