Rollins, Inc. (NYSE:ROL) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. increased its stake in Rollins, Inc. (NYSE:ROL) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,152 shares of the business services provider’s stock after buying an additional 445 shares during the period. Coldstream Capital Management Inc.’s holdings in Rollins were worth $362,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new position in Rollins during the 3rd quarter worth approximately $28,000. Quest Partners LLC bought a new position in Rollins during the second quarter worth $33,000. Ridgewood Investments LLC acquired a new position in Rollins in the second quarter worth $34,000. True Wealth Design LLC increased its stake in Rollins by 4,272.2% during the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 769 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Rollins by 10,233.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock worth $45,000 after purchasing an additional 921 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Rollins

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction on 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 $4,274,129.97. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by insiders.

Rollins Price Performance

Shares of NYSE:ROL opened at $48.77 on Monday. The firm’s 50 day moving average is $49.35 and its two-hundred day moving average is $49.19. The firm has a market capitalization of $23.62 billion, a P/E ratio of 50.80 and a beta of 0.72. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 52 week low of $40.41 and a 52 week high of $52.16.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS 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 during the quarter, compared to analyst estimates of $911.15 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. Analysts anticipate that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were paid a dividend of $0.165 per share. 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 dividend yield of 1.35%. The ex-dividend date was Tuesday, November 12th. Rollins’s payout ratio is currently 68.75%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ROL. Wells Fargo & Company lifted their price target on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley raised their target price on shares of Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Barclays initiated coverage on Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. Four equities 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 target price of $50.67.

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.