Rollins, Inc. (NYSE:ROL) Position Reduced by Baron Wealth Management LLC

Baron Wealth Management LLC trimmed its stake in shares of Rollins, Inc. (NYSE:ROL) by 16.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,873 shares of the business services provider’s stock after selling 1,939 shares during the quarter. Baron Wealth Management LLC’s holdings in Rollins were worth $499,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its holdings in shares of Rollins by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock worth $222,000 after acquiring an additional 203 shares during the period. B.O.S.S. Retirement Advisors LLC increased its holdings in shares of Rollins by 4.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock worth $230,000 after acquiring an additional 212 shares during the period. Quent Capital LLC increased its holdings in shares of Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after acquiring an additional 236 shares during the period. Mather Group LLC. increased its holdings in shares of Rollins by 8.8% in the 3rd quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock worth $153,000 after acquiring an additional 246 shares during the period. Finally, Federated Hermes Inc. grew its position in Rollins by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after buying an additional 249 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Insider Transactions at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total transaction of $236,545.65. Following the sale, the insider now owns 84,653 shares in the company, valued at $4,274,129.97. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.69% of the stock is currently owned by corporate insiders.

Rollins Price Performance

Shares of ROL opened at $50.05 on Tuesday. The firm has a market cap of $24.24 billion, a PE ratio of 52.14 and a beta of 0.70. The firm’s 50 day moving average price is $49.56 and its 200 day moving average price is $48.73. 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 twelve month low of $39.20 and a twelve month high of $52.16.

Rollins (NYSE:ROL) last issued its quarterly earnings data 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 net margin of 14.18% and a return on equity of 38.67%. The business had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. During the same period in the previous year, the business posted $0.28 EPS. Rollins’s revenue was up 9.0% compared to the same quarter last year. As a group, research analysts expect that Rollins, Inc. will post 0.99 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. Stockholders of record on Tuesday, November 12th will be paid a $0.165 dividend. This is an increase from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.32%. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Wall Street Analyst Weigh In

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

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.