Charles Schwab Investment Management Inc. Has $109.66 Million Stake in Rollins, Inc. (NYSE:ROL)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,167,949 shares of the business services provider's stock after buying an additional 31,458 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.45% of Rollins worth $109,655,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. grew its stake in Rollins by 185.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 384,935 shares of the business services provider's stock valued at $18,781,000 after buying an additional 249,860 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Rollins by 4,697.4% in the first quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider's stock valued at $14,997,000 after purchasing an additional 317,353 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Rollins in the second quarter worth about $13,580,000. Comerica Bank increased its stake in shares of Rollins by 23.7% in the first quarter. Comerica Bank now owns 142,496 shares of the business services provider's stock worth $6,593,000 after purchasing an additional 27,301 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of Rollins by 13.7% during the 3rd quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider's stock worth $33,484,000 after purchasing an additional 79,546 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Performance

ROL traded up $0.37 during trading on Tuesday, reaching $51.60. 2,523,864 shares of the company's stock were exchanged, compared to its average volume of 1,702,525. The company has a market capitalization of $24.99 billion, a P/E ratio of 53.74 and a beta of 0.70. 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 has a 50 day moving average price of $49.54 and a 200 day moving average price of $48.92. Rollins, Inc. has a fifty-two week low of $39.72 and a fifty-two week high of $52.16.

Rollins (NYSE:ROL - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share 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 business had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. During the same quarter last year, the firm posted $0.28 earnings per share. Rollins's revenue was up 9.0% on a year-over-year basis. As a group, analysts predict that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Tuesday, November 12th. This is an increase from Rollins's previous quarterly dividend of $0.15. Rollins's dividend payout ratio (DPR) is 68.75%.

Insider Activity at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. This represents a 10.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the firm's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total value of $236,545.65. Following the sale, the insider now directly owns 84,653 shares of the company's stock, valued at $4,274,129.97. This represents a 5.24 % 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 in the last 90 days. 4.69% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company lifted their price target on Rollins from $54.00 to $56.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. StockNews.com lowered shares of Rollins from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, Barclays assumed coverage on shares of Rollins in a report on Monday, November 4th. They issued an "equal weight" rating and a $50.00 price target for the company. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Rollins presently 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.