Wilmington Savings Fund Society FSB Makes New $388,000 Investment in Rollins, Inc. (NYSE:ROL)

Wilmington Savings Fund Society FSB bought a new stake in shares of Rollins, Inc. (NYSE:ROL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,665 shares of the business services provider’s stock, valued at approximately $388,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROL. Sanctuary Advisors LLC lifted its stake in Rollins by 4.3% in the third quarter. Sanctuary Advisors LLC now owns 56,006 shares of the business services provider’s stock worth $2,836,000 after acquiring an additional 2,317 shares during the period. Anchor Investment Management LLC raised its holdings in shares of Rollins by 724.3% in the 3rd quarter. Anchor Investment Management LLC now owns 1,797 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 1,579 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Rollins by 1.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 45,759 shares of the business services provider’s stock worth $2,314,000 after purchasing an additional 685 shares during the period. Toronto Dominion Bank boosted its stake in shares of Rollins by 1.6% during the third quarter. Toronto Dominion Bank now owns 141,663 shares of the business services provider’s stock valued at $7,165,000 after purchasing an additional 2,176 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in Rollins by 6.6% during the third quarter. Coldstream Capital Management Inc. now owns 7,152 shares of the business services provider’s stock valued at $362,000 after buying an additional 445 shares during the period. Institutional investors own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

ROL has been the subject of a number of analyst reports. Wells Fargo & Company upped their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday. Barclays assumed coverage on Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Morgan Stanley raised their price target 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $51.00.

Rollins Trading Down 0.4 %

Rollins stock opened at $48.56 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. The stock has a market cap of $23.52 billion, a PE ratio of 50.58 and a beta of 0.72. The stock has a 50-day moving average of $49.35 and a two-hundred day moving average of $49.22. Rollins, Inc. has a one year low of $40.41 and a one year high of $52.16.

Rollins (NYSE:ROL) last announced its quarterly earnings data 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). The company had revenue of $916.27 million during the quarter, compared to analysts’ expectations of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. On average, research analysts anticipate 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 was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.36%. Rollins’s payout ratio is 68.75%.

Insider Activity at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This represents a 10.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction 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 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 position. The disclosure for this sale can be found here. 4.69% of the stock is owned by insiders.

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.