Rollins, Inc. (NYSE:ROL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 238,305 shares of the business services provider's stock after selling 29,123 shares during the quarter. Victory Capital Management Inc.'s holdings in Rollins were worth $12,053,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its position in Rollins by 4.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,991 shares of the business services provider's stock worth $694,000 after buying an additional 586 shares during the period. UniSuper Management Pty Ltd boosted its stake in Rollins by 501.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 23,500 shares of the business services provider's stock worth $1,087,000 after purchasing an additional 19,596 shares during the period. Bessemer Group Inc. grew its position in Rollins by 11.6% during the 1st quarter. Bessemer Group Inc. now owns 33,426 shares of the business services provider's stock worth $1,546,000 after purchasing an additional 3,463 shares during the last quarter. Natixis acquired a new stake in Rollins during the 1st quarter worth approximately $493,000. Finally, Shell Asset Management Co. acquired a new stake in Rollins during the 1st quarter worth approximately $376,000. Hedge funds and other institutional investors own 51.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ROL. Royal Bank of Canada restated an "outperform" rating and issued a $52.00 target price on shares of Rollins in a research note on Thursday, July 25th. StockNews.com cut Rollins from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. Barclays assumed coverage on Rollins in a report on Monday, November 4th. They issued an "equal weight" rating and a $50.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on 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 stock. According to data from MarketBeat, Rollins has a consensus rating of "Hold" and a consensus target price of $49.83.

Rollins Price Performance

Shares of ROL traded up $0.19 on Thursday, reaching $49.63. The stock had a trading volume of 1,356,029 shares, compared to its average volume of 1,702,026. Rollins, Inc. has a twelve month low of $39.62 and a twelve month high of $52.16. The firm has a market capitalization of $24.04 billion, a PE ratio of 51.18 and a beta of 0.70. The firm has a 50-day moving average of $49.53 and a 200 day moving average of $48.80. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL - Get Free Report) last announced 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 net margin of 14.18% and a return on equity of 38.67%. The firm had revenue of $916.27 million during the quarter, compared to analysts' expectations of $911.15 million. During the same quarter in the prior year, the business earned $0.28 EPS. The company's quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts expect that Rollins, Inc. will post 0.99 EPS for the current 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 of this dividend is Tuesday, November 12th. This is a positive change from Rollins's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.33%. Rollins's dividend payout ratio is currently 68.75%.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the business'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 transaction, the insider now owns 84,653 shares of the company's stock, valued at approximately $4,274,129.97. The trade was a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm's 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,120 shares of company stock valued at $1,209,993 in the last ninety days. Corporate insiders own 4.69% of the company's stock.

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.