UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 98,509 Shares of Rollins, Inc. (NYSE:ROL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Rollins, Inc. (NYSE:ROL - Free Report) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,580,943 shares of the business services provider's stock after selling 98,509 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.33% of Rollins worth $79,964,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. increased its holdings in shares of Rollins by 4.7% during the second quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider's stock valued at $222,000 after acquiring an additional 203 shares in the last quarter. B.O.S.S. Retirement Advisors LLC raised its holdings in Rollins by 4.9% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider's stock worth $230,000 after buying an additional 212 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Rollins by 43.9% in the second quarter. Quent Capital LLC now owns 774 shares of the business services provider's stock valued at $38,000 after buying an additional 236 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Rollins by 8.8% during the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider's stock valued at $153,000 after buying an additional 246 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Rollins by 16.4% during the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider's stock worth $86,000 after acquiring an additional 249 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROL has been the subject of a number of analyst reports. Barclays initiated coverage on Rollins in a research note on Monday, November 4th. They set an "equal weight" rating and a $50.00 price target for the company. StockNews.com downgraded shares of Rollins from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company boosted their price target on shares of Rollins from $54.00 to $56.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $49.83.

Insider Activity at Rollins

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total transaction of $236,545.65. Following the sale, the insider now directly owns 84,653 shares in the company, valued at $4,274,129.97. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the sale, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by corporate insiders.

Rollins Stock Performance

ROL traded down $0.20 during midday trading on Tuesday, reaching $49.66. The company had a trading volume of 1,389,805 shares, compared to its average volume of 1,705,141. Rollins, Inc. has a 12-month low of $40.41 and a 12-month high of $52.16. The business has a 50-day moving average price of $49.57 and a two-hundred day moving average price of $49.02. The stock has a market cap of $24.05 billion, a PE ratio of 51.69 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 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 net margin of 14.18% and a return on equity of 38.67%. Rollins's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS. On average, sell-side analysts expect that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a $0.165 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.33%. This is a positive change from Rollins's previous quarterly dividend of $0.15. Rollins's payout ratio is 68.75%.

Rollins 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.