Point72 Asset Management L.P. purchased a new position in Rollins, Inc. (NYSE:ROL - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 572,956 shares of the business services provider's stock, valued at approximately $28,980,000. Point72 Asset Management L.P. owned approximately 0.12% of Rollins at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in shares of Rollins during the third quarter valued at approximately $28,000. Quest Partners LLC purchased a new position in Rollins during the second quarter valued at $33,000. Ridgewood Investments LLC bought a new stake in Rollins in the second quarter worth $34,000. True Wealth Design LLC increased its holdings in shares of Rollins by 4,272.2% during the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider's stock valued at $40,000 after acquiring an additional 769 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Rollins by 10,233.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider's stock worth $45,000 after purchasing an additional 921 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.
Rollins Stock Performance
Shares of NYSE ROL traded up $0.58 during trading on Friday, reaching $49.43. 1,289,518 shares of the company traded hands, compared to its average volume of 1,699,882. The firm has a 50 day simple moving average of $49.49 and a 200-day simple moving average of $49.07. Rollins, Inc. has a 52-week low of $40.41 and a 52-week high of $52.16. The stock has a market capitalization of $23.94 billion, a PE ratio of 51.49 and a beta of 0.72. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.
Rollins (NYSE:ROL - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The company had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.28 EPS. Equities research analysts anticipate that Rollins, Inc. will post 0.99 earnings per share for the current year.
Rollins Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a $0.165 dividend. This is an increase from Rollins's previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, November 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.34%. Rollins's dividend payout ratio is currently 68.75%.
Insiders Place Their Bets
In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the completion of the sale, the insider now owns 84,653 shares of the company's stock, valued at approximately $4,274,129.97. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.69% of the company's stock.
Analyst Ratings Changes
Several brokerages recently commented on ROL. Wells Fargo & Company increased their price objective 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. Barclays initiated coverage on shares of Rollins in a research note on Monday, November 4th. They issued an "equal weight" rating and a $50.00 target price on the stock. Finally, StockNews.com downgraded shares of Rollins from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $49.83.
Read Our Latest Stock Report on ROL
Rollins Company Profile
(
Free Report)
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.
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