GAMMA Investing LLC Purchases 1,148 Shares of Rollins, Inc. (NYSE:ROL)

GAMMA Investing LLC increased its position in shares of Rollins, Inc. (NYSE:ROL) by 16.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,007 shares of the business services provider’s stock after buying an additional 1,148 shares during the quarter. GAMMA Investing LLC’s holdings in Rollins were worth $371,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ROL. Brooklyn Investment Group acquired a new stake in shares of Rollins in the third quarter valued at approximately $28,000. Quest Partners LLC acquired a new stake in Rollins in the 2nd quarter valued at $33,000. True Wealth Design LLC lifted its position in Rollins by 4,272.2% during the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after buying an additional 769 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Rollins by 57.8% during the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after buying an additional 326 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Rollins in the 3rd quarter valued at about $52,000. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 1.2 %

Shares of Rollins stock opened at $45.63 on Tuesday. Rollins, Inc. has a 1 year low of $40.41 and a 1 year high of $52.16. The company has a market capitalization of $22.10 billion, a price-to-earnings ratio of 47.53 and a beta of 0.75. The business has a fifty day simple moving average of $48.62 and a two-hundred day simple moving average of $49.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The company had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. During the same quarter in the prior year, the business posted $0.28 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Research analysts forecast that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were given a $0.165 dividend. This is an increase from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.45%. Rollins’s dividend payout ratio is presently 68.75%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ROL. Barclays started coverage on Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price on the stock. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research note on Friday, December 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Monday. Wells Fargo & Company upped their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, Morgan Stanley lifted their price objective on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Rollins currently has a consensus rating of “Moderate Buy” and an average price target of $51.40.

Insider Transactions at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the sale, the insider now owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.69% of the stock is owned by corporate insiders.

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.