Axecap Investments LLC Invests $943,000 in Rollins, Inc. (NYSE:ROL)

Axecap Investments LLC purchased a new position in shares of Rollins, Inc. (NYSE:ROL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,637 shares of the business services provider’s stock, valued at approximately $943,000.

A number of other large investors also recently modified their holdings of the business. QRG Capital Management Inc. lifted its holdings in shares of Rollins by 4.7% during the second quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock worth $222,000 after buying an additional 203 shares during the last quarter. B.O.S.S. Retirement Advisors LLC lifted its holdings in shares of Rollins by 4.9% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock worth $230,000 after buying an additional 212 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of Rollins by 43.9% during 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 during the last quarter. Mather Group LLC. raised its stake in shares of Rollins by 8.8% in the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 246 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Rollins by 16.4% in the second quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 249 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Performance

Rollins stock opened at $49.75 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.78 and a quick ratio of 0.72. The stock has a fifty day moving average price of $49.98 and a two-hundred day moving average price of $48.14. Rollins, Inc. has a 52-week low of $32.94 and a 52-week high of $51.96. The firm has a market capitalization of $24.09 billion, a P/E ratio of 55.90 and a beta of 0.70.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. Rollins had a return on equity of 40.10% and a net margin of 14.23%. The firm had revenue of $891.90 million during the quarter, compared to analyst estimates of $895.02 million. During the same period in the prior year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, analysts anticipate that Rollins, Inc. will post 1 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.165 per share. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, November 12th. Rollins’s dividend payout ratio is currently 67.42%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ROL. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company upped their target price on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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 on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the transaction, the insider now directly owns 89,338 shares in the company, valued at $4,533,010.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the sale, the insider now owns 89,338 shares in the company, valued at approximately $4,533,010.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the sale, the insider now owns 95,023 shares in the company, valued at $4,543,999.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,056 shares of company stock worth $698,347 over the last three months. 4.69% of the stock is currently owned by corporate insiders.

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.