Interchange Capital Partners LLC Makes New $205,000 Investment in Rollins, Inc. (NYSE:ROL)

Interchange Capital Partners LLC acquired a new position in Rollins, Inc. (NYSE:ROL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,046 shares of the business services provider’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROL. Quest Partners LLC bought a new position in shares of Rollins in the second quarter worth approximately $33,000. Ridgewood Investments LLC bought a new position in shares of Rollins in the second quarter worth approximately $34,000. Quent Capital LLC lifted its stake in shares of Rollins by 43.9% in the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after buying an additional 236 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Rollins by 10,233.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock worth $45,000 after buying an additional 921 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Rollins by 114.2% in the second quarter. Blue Trust Inc. now owns 1,604 shares of the business services provider’s stock worth $74,000 after buying an additional 855 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Up 0.4 %

Shares of Rollins stock opened at $47.33 on Friday. The company has a market cap of $22.92 billion, a price-to-earnings ratio of 49.30 and a beta of 0.70. The company’s 50 day moving average is $49.63 and its 200 day moving average is $48.23. Rollins, Inc. has a twelve month low of $37.06 and a twelve month high of $51.96. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. Research analysts anticipate that Rollins, Inc. will post 0.99 EPS 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 given a $0.165 dividend. The ex-dividend date is Tuesday, November 12th. This is an increase from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.39%. Rollins’s dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ROL shares. Wells Fargo & Company upped their target price on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research report on Thursday, July 25th. Finally, StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.80.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total value of $236,545.65. Following the transaction, the insider now directly owns 84,653 shares in the company, valued at approximately $4,274,129.97. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.69% of the company’s stock.

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.