Sanctuary Advisors LLC Grows Stock Holdings in Rollins, Inc. (NYSE:ROL)

Sanctuary Advisors LLC increased its position in shares of Rollins, Inc. (NYSE:ROL) by 4.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,006 shares of the business services provider’s stock after buying an additional 2,317 shares during the period. Sanctuary Advisors LLC’s holdings in Rollins were worth $2,836,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in Rollins during the third quarter worth $1,428,000. Westfield Capital Management Co. LP purchased a new stake in shares of Rollins in the third quarter valued at about $5,102,000. Intech Investment Management LLC boosted its stake in Rollins by 13.7% during the third quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock worth $33,484,000 after buying an additional 79,546 shares during the period. Montanaro Asset Management Ltd boosted its stake in Rollins by 20.1% during the third quarter. Montanaro Asset Management Ltd now owns 248,000 shares of the business services provider’s stock worth $12,544,000 after buying an additional 41,500 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Rollins by 18.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 287,679 shares of the business services provider’s stock valued at $14,036,000 after purchasing an additional 44,796 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on ROL. Morgan Stanley raised their target price on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Barclays initiated coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price 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. Finally, Wells Fargo & Company boosted their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Rollins currently has a consensus rating of “Hold” and a consensus target price of $51.00.

Rollins Stock Down 0.7 %

Shares of NYSE:ROL opened at $48.22 on Wednesday. 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 1 year low of $40.41 and a 1 year high of $52.16. The stock has a market capitalization of $23.35 billion, a P/E ratio of 50.23 and a beta of 0.72. The stock has a 50-day simple moving average of $49.33 and a 200-day simple moving average of $49.25.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $916.27 million during the quarter, compared to analysts’ expectations of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 EPS. Equities analysts forecast that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio is currently 68.75%.

Insiders Place Their Bets

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction that occurred 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 directly owns 84,653 shares in the company, valued at approximately $4,274,129.97. This represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 4.69% of the stock is owned by company 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.