Qsemble Capital Management LP Buys New Holdings in Rollins, Inc. (NYSE:ROL)

Qsemble Capital Management LP bought a new position in Rollins, Inc. (NYSE:ROL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,933 shares of the business services provider's stock, valued at approximately $755,000.

Several other hedge funds also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Rollins by 1.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider's stock valued at $489,036,000 after acquiring an additional 148,316 shares during the period. Montrusco Bolton Investments Inc. grew its stake in shares of Rollins by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider's stock worth $465,503,000 after purchasing an additional 1,154,722 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Rollins by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider's stock valued at $137,860,000 after purchasing an additional 133,100 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Rollins by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider's stock valued at $109,655,000 after purchasing an additional 31,458 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Rollins by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,156,892 shares of the business services provider's stock valued at $105,247,000 after purchasing an additional 172,009 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rollins 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 transaction of $236,545.65. Following the sale, the insider now directly owns 84,653 shares in the company, valued at approximately $4,274,129.97. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $735,730.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,120 shares of company stock valued at $1,209,993. 4.69% of the stock is currently owned by corporate insiders.

Rollins Stock Performance

Shares of ROL stock opened at $51.60 on Wednesday. The company's fifty day moving average price is $49.54 and its 200-day moving average price is $48.92. The stock has a market cap of $24.99 billion, a PE ratio of 53.74 and a beta of 0.70. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12 month low of $39.72 and a 12 month high of $52.16.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings data 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). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. During the same period in the previous year, the firm earned $0.28 EPS. The company's revenue was up 9.0% on a year-over-year basis. On average, equities analysts expect 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 will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.165 per share. This is a boost from Rollins's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.28%. Rollins's payout ratio is presently 68.75%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays started coverage on Rollins in a research note 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 report on Thursday, October 24th. Finally, Wells Fargo & Company raised their target price 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $49.83.

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.

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