Wellington Management Group LLP Sells 124,179 Shares of Rollins, Inc. (NYSE:ROL)

Wellington Management Group LLP lowered its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 7.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,529,953 shares of the business services provider's stock after selling 124,179 shares during the quarter. Wellington Management Group LLP owned 0.32% of Rollins worth $77,385,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Wahed Invest LLC grew its stake in shares of Rollins by 10.7% in the third quarter. Wahed Invest LLC now owns 6,784 shares of the business services provider's stock worth $343,000 after acquiring an additional 657 shares during the last quarter. Swmg LLC acquired a new stake in Rollins in the 3rd quarter worth $296,000. Quadrature Capital Ltd acquired a new stake in Rollins in the 3rd quarter worth $266,000. Quantinno Capital Management LP increased its holdings in shares of Rollins by 13.9% during the 3rd quarter. Quantinno Capital Management LP now owns 114,807 shares of the business services provider's stock worth $5,807,000 after purchasing an additional 14,023 shares during the period. Finally, Royal London Asset Management Ltd. raised its position in shares of 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 buying an additional 6,271 shares during the last quarter. 51.79% of the stock is owned by institutional investors.

Rollins Price Performance

NYSE ROL traded down $0.14 during trading on Wednesday, reaching $49.00. 1,242,602 shares of the company traded hands, compared to its average volume of 1,694,649. Rollins, Inc. has a 1-year low of $40.41 and a 1-year high of $52.16. The company has a market cap of $23.73 billion, a price-to-earnings ratio of 51.10 and a beta of 0.72. The stock's 50 day moving average price is $49.42 and its two-hundred day moving average price is $49.15. 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 announced its quarterly earnings results 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). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The company had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. During the same period in the prior year, the firm earned $0.28 EPS. Rollins's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, analysts anticipate that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a $0.165 dividend. This is a positive change from Rollins's previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.35%. Rollins's dividend payout ratio is presently 68.75%.

Wall Street Analysts Forecast Growth

ROL has been the topic of a number of recent research reports. Barclays started coverage on Rollins in a research report on Monday, November 4th. They set an "equal weight" rating and a $50.00 target price on the stock. Wells Fargo & Company lifted 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. Finally, StockNews.com lowered Rollins from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. 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.com, the stock currently has an average rating of "Hold" and an average target price of $49.83.

Insider Transactions 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 Rollins 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 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 disclosure for this sale can be found here. 4.69% of the stock is owned by insiders.

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.