Quantinno Capital Management LP Grows Stock Position in Rollins, Inc. (NYSE:ROL)

Quantinno Capital Management LP raised its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 13.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,807 shares of the business services provider's stock after buying an additional 14,023 shares during the quarter. Quantinno Capital Management LP's holdings in Rollins were worth $5,807,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal London Asset Management Ltd. lifted its position in Rollins by 5.0% during the third quarter. Royal London Asset Management Ltd. now owns 131,392 shares of the business services provider's stock valued at $6,646,000 after buying an additional 6,271 shares during the period. Point72 Asset Management L.P. purchased a new position in Rollins during the third quarter valued at $28,980,000. Motley Fool Asset Management LLC lifted its position in Rollins by 3.0% during the third quarter. Motley Fool Asset Management LLC now owns 10,072 shares of the business services provider's stock valued at $509,000 after buying an additional 289 shares during the period. Investment Management Corp of Ontario increased its holdings in shares of Rollins by 47.2% during the third quarter. Investment Management Corp of Ontario now owns 9,663 shares of the business services provider's stock valued at $489,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Centiva Capital LP increased its holdings in shares of Rollins by 497.9% during the third quarter. Centiva Capital LP now owns 37,329 shares of the business services provider's stock valued at $1,888,000 after acquiring an additional 31,086 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ROL. StockNews.com downgraded Rollins from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on Rollins from $54.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Finally, Barclays began coverage on Rollins in a report on Monday, November 4th. They issued an "equal weight" rating and a $50.00 price objective for the company. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Rollins currently has a consensus rating of "Hold" and a consensus price target of $49.83.

Insider Activity

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business'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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction that occurred on 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 directly owns 84,653 shares in the company, 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.

Rollins Stock Performance

NYSE:ROL traded up $0.57 on Friday, hitting $49.42. The stock had a trading volume of 1,289,518 shares, compared to its average volume of 1,545,374. The stock has a market cap of $23.93 billion, a price-to-earnings 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. The business's 50-day simple moving average is $49.49 and its two-hundred day simple moving average is $49.07. Rollins, Inc. has a 52-week low of $40.41 and a 52-week high of $52.16.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $916.27 million during 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 company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. As a group, research analysts predict that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.165 per share. This is a boost from Rollins's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Tuesday, November 12th. Rollins's payout ratio is presently 68.75%.

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.