Park Avenue Securities LLC Lowers Stake in Rollins, Inc. (NYSE:ROL)

Park Avenue Securities LLC cut its stake in Rollins, Inc. (NYSE:ROL) by 19.5% in the 3rd quarter, Holdings Channel reports. The fund owned 15,454 shares of the business services provider’s stock after selling 3,732 shares during the quarter. Park Avenue Securities LLC’s holdings in Rollins were worth $782,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ROL. Czech National Bank boosted its holdings in shares of Rollins by 6.9% in the 3rd quarter. Czech National Bank now owns 57,222 shares of the business services provider’s stock worth $2,894,000 after purchasing an additional 3,703 shares in the last quarter. Appleton Partners Inc. MA lifted its position in Rollins by 9.9% in the 3rd quarter. Appleton Partners Inc. MA now owns 21,545 shares of the business services provider’s stock worth $1,090,000 after buying an additional 1,940 shares during the last quarter. Cim LLC boosted its stake in Rollins by 2.0% in the second quarter. Cim LLC now owns 26,260 shares of the business services provider’s stock worth $1,321,000 after buying an additional 517 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Rollins during the second quarter valued at approximately $2,411,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Rollins by 23.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,444 shares of the business services provider’s stock worth $168,000 after acquiring an additional 664 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ROL. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. Finally, Wells Fargo & Company initiated coverage on Rollins in a research note on Monday, August 12th. They issued an “overweight” rating and a $54.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and an average target price of $47.83.

Rollins Stock Performance

Shares of NYSE:ROL opened at $49.83 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $49.57 and a 200-day moving average price of $47.85. The company has a market cap of $24.13 billion, a price-to-earnings ratio of 55.99 and a beta of 0.70. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $51.96.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The business had revenue of $891.90 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. As a group, equities analysts anticipate that Rollins, Inc. will post 1 EPS for the current year.

Rollins Dividend Announcement

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

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the sale, the insider now directly owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the sale, the insider now directly owns 95,023 shares of the company’s stock, valued at $4,543,999.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the transaction, the insider now directly owns 89,338 shares of the company’s stock, valued at $4,533,010.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,056 shares of company stock valued at $698,347. 4.69% of the stock is currently owned by company 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.