Stifel Financial Corp Trims Holdings in Rollins, Inc. (NYSE:ROL)

Stifel Financial Corp lowered its position in Rollins, Inc. (NYSE:ROL - Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 515,818 shares of the business services provider's stock after selling 21,428 shares during the quarter. Stifel Financial Corp owned about 0.11% of Rollins worth $26,091,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Swmg LLC purchased a new position in Rollins in the 3rd quarter worth approximately $296,000. Quadrature Capital Ltd purchased a new position in Rollins in the third quarter worth $266,000. Quantinno Capital Management LP increased its stake in Rollins by 13.9% in the third quarter. Quantinno Capital Management LP now owns 114,807 shares of the business services provider's stock valued at $5,807,000 after acquiring an additional 14,023 shares during the last quarter. Royal London Asset Management Ltd. raised 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 purchasing an additional 6,271 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Rollins during the third quarter worth about $28,980,000. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Trading Down 1.5 %

Shares of NYSE ROL traded down $0.74 during mid-day trading on Monday, hitting $48.68. The stock had a trading volume of 1,384,018 shares, compared to its average volume of 1,698,549. The business has a 50 day moving average price of $49.49 and a two-hundred day moving average price of $49.11. Rollins, Inc. has a 1 year low of $40.41 and a 1 year high of $52.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. The firm has a market cap of $23.58 billion, a P/E ratio of 51.48 and a beta of 0.72.

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 analysts' consensus estimates 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 net margin of 14.18% and a return on equity of 38.67%. Rollins's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS. On average, equities analysts anticipate that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.66 annualized dividend and a yield of 1.36%. This is a boost from Rollins's previous quarterly dividend of $0.15. Rollins's dividend payout ratio (DPR) is 68.75%.

Insider Transactions at Rollins

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the firm's stock in a transaction dated Tuesday, October 1st. The shares were 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 of the company's stock, valued at approximately $4,274,129.97. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now owns 124,214 shares in the company, valued at $6,195,794.32. This represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.69% of the company's stock.

Analysts Set New Price Targets

ROL has been the topic of a number of research reports. StockNews.com cut Rollins from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on shares of Rollins from $54.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Finally, Barclays started coverage on shares of Rollins in a report on Monday, November 4th. They set an "equal weight" rating and a $50.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, 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.