Rollins, Inc. (NYSE:ROL) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 50.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,993 shares of the business services provider's stock after buying an additional 34,576 shares during the period. Advisors Asset Management Inc.'s holdings in Rollins were worth $5,209,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quest Partners LLC purchased a new stake in Rollins during the 2nd quarter valued at about $33,000. Ridgewood Investments LLC bought a new stake in shares of Rollins during the second quarter valued at approximately $34,000. Quent Capital LLC raised its holdings in Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider's stock worth $38,000 after acquiring an additional 236 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in 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 valued at $45,000 after acquiring an additional 921 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Rollins during the 3rd quarter valued at $52,000. 51.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ROL shares. StockNews.com downgraded shares of Rollins from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Wells Fargo & Company increased their price target on Rollins from $54.00 to $56.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Barclays initiated 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. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $52.00 target price on shares of Rollins in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $49.83.

Rollins Trading Up 2.0 %

Shares of ROL traded up $1.00 during mid-day trading on Friday, reaching $50.63. 763,096 shares of the company's stock traded hands, compared to its average volume of 1,697,907. 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's 50-day moving average is $49.52 and its two-hundred day moving average is $48.80. Rollins, Inc. has a 12 month low of $39.62 and a 12 month high of $52.16. The stock has a market cap of $24.52 billion, a P/E ratio of 51.70 and a beta of 0.70.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings data 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). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The company had revenue of $916.27 million during the quarter, compared to analysts' expectations of $911.15 million. During the same period last year, the firm earned $0.28 earnings per share. Rollins's quarterly revenue was up 9.0% on a year-over-year basis. Research analysts forecast that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, November 12th. Rollins's dividend payout ratio is 68.75%.

Insider Activity at Rollins

In other 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 completion of the sale, the insider now owns 84,653 shares in the company, valued at approximately $4,274,129.97. This 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 the business's 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 transaction, the insider now owns 124,214 shares in the company, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,120 shares of company stock valued at $1,209,993 over the last quarter. 4.69% of the stock is owned by corporate insiders.

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.