Wipfli Financial Advisors LLC Buys New Stake in Rollins, Inc. (NYSE:ROL)

Wipfli Financial Advisors LLC purchased a new position in shares of Rollins, Inc. (NYSE:ROLGet Rating) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,256 shares of the business services provider’s stock, valued at approximately $44,000.

Several other institutional investors and hedge funds also recently modified their holdings of ROL. Markel Corp grew its position in Rollins by 0.4% in the 1st quarter. Markel Corp now owns 1,248,275 shares of the business services provider’s stock valued at $43,752,000 after buying an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Rollins by 4.7% during the first quarter. JPMorgan Chase & Co. now owns 228,203 shares of the business services provider’s stock valued at $7,999,000 after acquiring an additional 10,319 shares during the period. American Century Companies Inc. boosted its stake in Rollins by 19.1% during the 1st quarter. American Century Companies Inc. now owns 17,031 shares of the business services provider’s stock valued at $597,000 after purchasing an additional 2,730 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Rollins by 4.7% during the 1st quarter. HighTower Advisors LLC now owns 49,502 shares of the business services provider’s stock valued at $1,731,000 after purchasing an additional 2,243 shares during the period. Finally, Natixis Advisors L.P. raised its stake in shares of Rollins by 24.3% in the 1st quarter. Natixis Advisors L.P. now owns 46,760 shares of the business services provider’s stock worth $1,639,000 after buying an additional 9,129 shares in the last quarter. Institutional investors own 38.98% of the company’s stock.

Rollins Stock Performance

Shares of ROL opened at $37.78 on Tuesday. The company’s 50 day moving average price is $38.80 and its 200 day moving average price is $37.39. Rollins, Inc. has a 52 week low of $28.50 and a 52 week high of $43.06. The company has a market capitalization of $18.61 billion, a PE ratio of 53.97 and a beta of 0.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.73 and a current ratio of 0.78.

Rollins (NYSE:ROLGet Rating) last announced its quarterly earnings data on Wednesday, October 26th. The business services provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Rollins had a net margin of 13.12% and a return on equity of 30.96%. The firm had revenue of $729.70 million for the quarter, compared to the consensus estimate of $713.55 million. Research analysts expect that Rollins, Inc. will post 0.73 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Thursday, November 10th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, November 9th. This is an increase from Rollins’s previous quarterly dividend of $0.10. This represents a $0.52 dividend on an annualized basis and a yield of 1.38%. Rollins’s payout ratio is presently 74.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ROL shares. Jefferies Financial Group started coverage on Rollins in a report on Tuesday, October 25th. They set a “hold” rating and a $36.00 target price on the stock. Wells Fargo & Company increased their price target on Rollins from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, October 27th. Finally, StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Thursday, October 27th.

Insider Activity at Rollins

In related news, COO Jerry Jr. Gahlhoff sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $38.00, for a total transaction of $152,000.00. Following the transaction, the chief operating officer now directly owns 172,539 shares of the company’s stock, valued at $6,556,482. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Rollins news, insider Elizabeth B. Chandler sold 7,871 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $42.41, for a total value of $333,809.11. Following the completion of the sale, the insider now directly owns 93,016 shares of the company’s stock, valued at $3,944,808.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jerry Jr. Gahlhoff sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $38.00, for a total transaction of $152,000.00. Following the completion of the sale, the chief operating officer now directly owns 172,539 shares of the company’s stock, valued at $6,556,482. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,871 shares of company stock valued at $1,751,089. Corporate insiders own 53.10% of the company’s stock.

Rollins Company Profile

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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