Choreo LLC Makes New $451,000 Investment in Rollins, Inc. (NYSE:ROL)

Choreo LLC acquired a new stake in shares of Rollins, Inc. (NYSE:ROL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,336 shares of the business services provider’s stock, valued at approximately $451,000.

Other institutional investors also recently made changes to their positions in the company. Quest Partners LLC purchased a new stake in shares of Rollins during the 2nd quarter valued at $33,000. Ridgewood Investments LLC purchased a new stake in shares of Rollins during the 2nd quarter valued at $34,000. Principal Securities Inc. purchased a new stake in shares of Rollins during the 4th quarter valued at $36,000. Quent Capital LLC lifted its holdings in shares of Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 236 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Rollins by 10,233.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 921 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Performance

Shares of ROL stock opened at $50.47 on Monday. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $51.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.78 and a quick ratio of 0.72. The firm has a market capitalization of $24.44 billion, a P/E ratio of 56.71, a P/E/G ratio of 3.93 and a beta of 0.70. The company’s fifty day moving average price is $49.14 and its two-hundred day moving average price is $47.30.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $891.90 million for the quarter, compared to analyst estimates of $895.02 million. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS. On average, research analysts anticipate that Rollins, Inc. will post 1 earnings per share for the current fiscal year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th were paid a $0.15 dividend. 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 1.19%. Rollins’s dividend payout ratio (DPR) is presently 67.42%.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the sale, the insider now owns 95,023 shares in the company, valued at approximately $4,543,999.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the sale, the insider now owns 95,023 shares in the company, valued at approximately $4,543,999.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total transaction of $237,716.90. Following the sale, the insider now directly owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The disclosure for this sale can be found here. Company insiders own 4.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ROL. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Rollins in a report on Thursday, July 25th. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Company began coverage on shares of Rollins in a report on Monday, August 12th. They set an “overweight” rating and a $54.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.83.

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.