Rollins, Inc. (NYSE:ROL) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. increased its position in Rollins, Inc. (NYSE:ROL) by 16,415.7% during the third quarter, HoldingsChannel.com reports. The fund owned 36,830 shares of the business services provider’s stock after acquiring an additional 36,607 shares during the quarter. Meeder Asset Management Inc.’s holdings in Rollins were worth $1,863,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in Rollins in the first quarter valued at $252,000. QRG Capital Management Inc. purchased a new position in Rollins during the 1st quarter valued at about $201,000. Vanguard Group Inc. increased its holdings in Rollins by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 32,438,440 shares of the business services provider’s stock valued at $1,500,927,000 after acquiring an additional 206,873 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Rollins by 4.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,991 shares of the business services provider’s stock worth $694,000 after acquiring an additional 586 shares during the last quarter. Finally, UniSuper Management Pty Ltd lifted its holdings in shares of Rollins by 501.9% in the first quarter. UniSuper Management Pty Ltd now owns 23,500 shares of the business services provider’s stock valued at $1,087,000 after purchasing an additional 19,596 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Performance

Rollins stock opened at $50.05 on Tuesday. The stock has a fifty day moving average price of $49.56 and a 200 day moving average price of $48.73. Rollins, Inc. has a 52 week low of $39.20 and a 52 week high of $52.16. The firm has a market capitalization of $24.24 billion, a P/E ratio of 52.14 and a beta of 0.70. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share. Equities research analysts anticipate 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. Investors of record on Tuesday, November 12th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.32%. This is a boost 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 68.75%.

Insider Activity at Rollins

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. This represents a 10.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total transaction of $236,545.65. Following the completion of the sale, the insider now directly owns 84,653 shares of the company’s stock, valued at $4,274,129.97. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,120 shares of company stock worth $1,209,993. Corporate insiders own 4.69% of the company’s stock.

Analyst Ratings Changes

ROL has been the subject of several research reports. Barclays started coverage on Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research report on Thursday, July 25th. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company boosted their target price on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $49.83.

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.