Quest Partners LLC Takes Position in Rollins, Inc. (NYSE:ROL)

Quest Partners LLC acquired a new stake in Rollins, Inc. (NYSE:ROL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 671 shares of the business services provider’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Rollins by 0.6% in the first quarter. Vanguard Group Inc. now owns 32,438,440 shares of the business services provider’s stock valued at $1,500,927,000 after purchasing an additional 206,873 shares during the last quarter. TD Asset Management Inc increased its holdings in Rollins by 14.5% in the first quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock valued at $130,765,000 after purchasing an additional 357,535 shares during the last quarter. Blair William & Co. IL increased its holdings in Rollins by 1.4% in the first quarter. Blair William & Co. IL now owns 2,043,014 shares of the business services provider’s stock valued at $94,530,000 after purchasing an additional 27,806 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Rollins by 6.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,019,876 shares of the business services provider’s stock valued at $88,208,000 after purchasing an additional 125,812 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Rollins by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,865,122 shares of the business services provider’s stock valued at $81,452,000 after purchasing an additional 160,373 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the transaction, the insider now directly owns 89,338 shares in the company, valued at $4,533,010.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the transaction, the insider now directly owns 89,338 shares of the company’s stock, valued at $4,533,010.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the transaction, the insider now directly owns 95,023 shares of the company’s stock, valued at $4,543,999.86. The disclosure for this sale can be found here. 4.69% of the stock is owned by corporate insiders.

Rollins Stock Down 0.3 %

Shares of Rollins stock opened at $50.09 on Friday. Rollins, Inc. has a 1 year low of $32.19 and a 1 year high of $51.96. The business has a 50-day moving average of $49.22 and a two-hundred day moving average of $47.44. The company has a market capitalization of $24.26 billion, a P/E ratio of 56.28, a price-to-earnings-growth ratio of 3.99 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.78 and a quick ratio of 0.72.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $891.90 million during the quarter, compared to the consensus estimate of $895.02 million. Rollins had a return on equity of 40.10% and a net margin of 14.23%. Rollins’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. As a group, equities analysts predict that Rollins, Inc. will post 1 EPS for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 12th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.20%. Rollins’s payout ratio is presently 67.42%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company assumed coverage on Rollins in a report on Monday, August 12th. They issued an “overweight” rating and a $54.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Thursday, July 25th. Finally, StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Rollins currently has an average rating of “Moderate Buy” and a consensus target price of $47.83.

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.