Middleton & Co. Inc. MA Has $2.25 Million Stock Holdings in Rollins, Inc. (NYSE:ROL)

Middleton & Co. Inc. MA trimmed its stake in shares of Rollins, Inc. (NYSE:ROL) by 9.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,015 shares of the business services provider’s stock after selling 4,950 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Rollins were worth $2,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Quest Partners LLC bought a new position in shares of Rollins during the 2nd quarter worth approximately $33,000. Ridgewood Investments LLC bought a new position in shares of Rollins during the second quarter valued at $34,000. Principal Securities Inc. acquired a new stake in shares of Rollins in the 4th quarter valued at $36,000. Quent Capital LLC grew its holdings in shares of Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after purchasing an additional 236 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position 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 worth $45,000 after purchasing an additional 921 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total transaction 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 $4,533,010.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction 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 sale, 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 SEC, which can be accessed through the SEC website. Also, insider Elizabeth B. Chandler sold 4,686 shares of the 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 completion of the transaction, the insider now directly owns 95,023 shares in the company, valued at approximately $4,543,999.86. The disclosure for this sale can be found here. Corporate insiders own 4.69% of the company’s stock.

Analyst Upgrades and Downgrades

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

Rollins Stock Performance

Shares of Rollins stock opened at $50.25 on Thursday. 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 50 day simple moving average of $49.21 and a 200 day simple moving average of $47.42. Rollins, Inc. has a fifty-two week low of $32.19 and a fifty-two week high of $51.96. The firm has a market cap of $24.33 billion, a P/E ratio of 56.46, a P/E/G ratio of 3.93 and a beta of 0.70.

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

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 12th were given 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 yield of 1.19%. Rollins’s payout ratio is presently 67.42%.

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.