Venturi Wealth Management LLC Acquires 2,625 Shares of Rollins, Inc. (NYSE:ROL)

Venturi Wealth Management LLC raised its holdings in Rollins, Inc. (NYSE:ROL) by 23.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,804 shares of the business services provider’s stock after acquiring an additional 2,625 shares during the quarter. Venturi Wealth Management LLC’s holdings in Rollins were worth $698,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROL. Fiera Capital Corp bought a new position in shares of Rollins during the 3rd quarter worth $43,225,000. Intech Investment Management LLC grew its position in shares of Rollins by 502.8% during the 1st quarter. Intech Investment Management LLC now owns 572,181 shares of the business services provider’s stock worth $26,475,000 after buying an additional 477,256 shares in the last quarter. TD Asset Management Inc grew its position in shares of Rollins by 14.5% during the 1st quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock worth $130,765,000 after buying an additional 357,535 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Rollins by 4,697.4% during the 1st quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock worth $14,997,000 after buying an additional 317,353 shares in the last quarter. Finally, M&G Plc bought a new position in shares of Rollins during the 1st quarter worth $14,072,000. Institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the completion of the sale, 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 filing with the SEC, which can be accessed through the SEC website. 4.69% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays assumed coverage on Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target on the stock. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Wells Fargo & Company upped their price objective on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.83.

Rollins Trading Up 1.4 %

Rollins stock opened at $50.88 on Tuesday. The stock has a 50-day moving average of $49.52 and a two-hundred day moving average of $48.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. Rollins, Inc. has a one year low of $38.23 and a one year high of $51.96. The stock has a market cap of $24.64 billion, a PE ratio of 53.00 and a beta of 0.70.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The business had revenue of $916.27 million during the quarter, compared to analysts’ expectations of $911.15 million. During the same quarter last year, the business posted $0.28 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, research analysts anticipate that Rollins, Inc. will post 0.99 EPS for the current fiscal 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 paid a $0.165 dividend. The ex-dividend date is Tuesday, November 12th. This is a boost from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.30%. Rollins’s dividend payout ratio (DPR) is 68.75%.

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.