Barclays PLC Grows Stake in Rollins, Inc. (NYSE:ROL)

Barclays PLC lifted its position in Rollins, Inc. (NYSE:ROL - Free Report) by 34.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 721,467 shares of the business services provider's stock after buying an additional 186,452 shares during the quarter. Barclays PLC owned about 0.15% of Rollins worth $36,491,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ROL. B.O.S.S. Retirement Advisors LLC increased its holdings in shares of Rollins by 4.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider's stock valued at $230,000 after purchasing an additional 212 shares during the last quarter. Mather Group LLC. raised its holdings in Rollins by 8.8% in the 3rd quarter. Mather Group LLC. now owns 3,027 shares of the business services provider's stock valued at $153,000 after acquiring an additional 246 shares during the period. Federated Hermes Inc. raised its holdings in Rollins by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider's stock valued at $86,000 after acquiring an additional 249 shares during the period. Raymond James Trust N.A. lifted its position in Rollins by 1.9% during the third quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider's stock worth $672,000 after acquiring an additional 252 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its holdings in shares of Rollins by 18.4% during the second quarter. Tortoise Investment Management LLC now owns 1,728 shares of the business services provider's stock worth $84,000 after acquiring an additional 269 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in 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. Wells Fargo & Company upped their price objective on Rollins from $54.00 to $56.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. StockNews.com downgraded Rollins from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, Morgan Stanley boosted their target price on shares of Rollins from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Rollins currently has a consensus rating of "Hold" and a consensus price target of $50.67.

Insider Activity

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction dated 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 owns 124,214 shares of the company's stock, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 in the company, valued at approximately $4,274,129.97. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by corporate insiders.

Rollins Price Performance

ROL remained flat at $48.77 during trading on Friday. The company's stock had a trading volume of 1,744,954 shares, compared to its average volume of 1,692,546. The stock has a market capitalization of $23.62 billion, a price-to-earnings ratio of 50.80 and a beta of 0.72. Rollins, Inc. has a 12-month low of $40.41 and a 12-month high of $52.16. The business's fifty day simple moving average is $49.35 and its two-hundred day simple moving average is $49.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72.

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

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.35%. This is an increase from Rollins's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, November 12th. Rollins's payout ratio is currently 68.75%.

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.