PNC Financial Services Group Inc. Grows Stake in Rollins, Inc. (NYSE:ROL)

PNC Financial Services Group Inc. increased its stake in Rollins, Inc. (NYSE:ROL) by 6.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,187 shares of the business services provider’s stock after acquiring an additional 3,713 shares during the period. PNC Financial Services Group Inc.’s holdings in Rollins were worth $3,044,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROL. Quest Partners LLC purchased a new position in Rollins in the second quarter worth about $33,000. Ridgewood Investments LLC purchased a new position in shares of Rollins during the second quarter valued at approximately $34,000. Quent Capital LLC boosted its position in shares of Rollins by 43.9% during 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 during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Rollins by 10,233.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock valued at $45,000 after buying an additional 921 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Rollins during the third quarter valued at approximately $52,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total transaction of $236,545.65. Following the completion of the transaction, the insider now owns 84,653 shares in the company, valued at $4,274,129.97. This represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’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 transaction, the insider now owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,120 shares of company stock valued at $1,209,993. 4.69% of the stock is owned by insiders.

Rollins Price Performance

NYSE ROL opened at $50.63 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The stock’s fifty day moving average price is $49.52 and its 200 day moving average price is $48.84. Rollins, Inc. has a 1 year low of $39.62 and a 1 year high of $52.16. The company has a market cap of $24.52 billion, a price-to-earnings ratio of 52.74 and a beta of 0.70.

Rollins (NYSE:ROL) last posted 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 business had revenue of $916.27 million during the quarter, compared to analysts’ expectations of $911.15 million. During the same period in the previous year, the company posted $0.28 earnings per share. Rollins’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities research analysts forecast that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.30%. This is a positive change from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 12th. Rollins’s dividend payout ratio is presently 68.75%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Barclays started 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, StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $49.83.

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.