Bamco Inc. NY Reduces Position in Rollins, Inc. (NYSE:ROL)

Bamco Inc. NY decreased its holdings in Rollins, Inc. (NYSE:ROL) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,548,750 shares of the business services provider’s stock after selling 121,343 shares during the period. Bamco Inc. NY owned 0.32% of Rollins worth $78,336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brooklyn Investment Group purchased a new position in Rollins in the 3rd quarter valued at approximately $28,000. Quest Partners LLC purchased a new position in shares of Rollins in the second quarter valued at $33,000. Ridgewood Investments LLC bought a new stake in shares of Rollins during the 2nd quarter valued at $34,000. Quent Capital LLC lifted its holdings in Rollins by 43.9% during 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 in the last quarter. Finally, True Wealth Design LLC boosted its stake in Rollins by 4,272.2% in the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after purchasing an additional 769 shares during the period. Institutional investors own 51.79% of the company’s stock.

Insider Activity at Rollins

In related 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 owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction on 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 transaction, the insider now owns 84,653 shares in the company, valued at approximately $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 have sold 24,120 shares of company stock valued at $1,209,993. Corporate insiders own 4.69% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ROL. Wells Fargo & Company upped their price target on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Barclays began coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $49.83.

Rollins Price Performance

ROL stock opened at $50.33 on Monday. The firm has a 50 day simple moving average of $49.58 and a two-hundred day simple moving average of $49.01. The stock has a market cap of $24.37 billion, a PE ratio of 52.43 and a beta of 0.70. Rollins, Inc. has a one year low of $39.94 and a one year high of $52.16. 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 announced its earnings results 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). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The company had revenue of $916.27 million during the quarter, compared to analysts’ expectations of $911.15 million. During the same quarter last year, the firm posted $0.28 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. On average, analysts predict that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.31%. Rollins’s dividend payout ratio is 68.75%.

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.