Comerica Bank Increases Stock Position in Rollins, Inc. (NYSE:ROL)

Comerica Bank grew its stake in shares of Rollins, Inc. (NYSE:ROLGet Rating) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,724 shares of the business services provider’s stock after buying an additional 418 shares during the period. Comerica Bank’s holdings in Rollins were worth $2,131,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ROL. Markel Corp boosted its position in Rollins by 0.4% during the 1st quarter. Markel Corp now owns 1,248,275 shares of the business services provider’s stock worth $43,752,000 after purchasing an additional 5,000 shares during the period. JPMorgan Chase & Co. boosted its position in Rollins by 4.7% during the 1st quarter. JPMorgan Chase & Co. now owns 228,203 shares of the business services provider’s stock worth $7,999,000 after purchasing an additional 10,319 shares during the period. American Century Companies Inc. boosted its position 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 worth $597,000 after purchasing an additional 2,730 shares during the period. HighTower Advisors LLC boosted its position in Rollins by 4.7% during the 1st quarter. HighTower Advisors LLC now owns 49,502 shares of the business services provider’s stock worth $1,731,000 after purchasing an additional 2,243 shares during the period. Finally, Natixis Advisors L.P. boosted its position in Rollins by 24.3% during the 1st quarter. Natixis Advisors L.P. now owns 46,760 shares of the business services provider’s stock worth $1,639,000 after purchasing an additional 9,129 shares during the period. 38.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Vice Chairman John F. Wilson sold 32,000 shares of the stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $39.54, for a total transaction of $1,265,280.00. Following the completion of the sale, the insider now directly owns 804,580 shares of the company’s stock, valued at $31,813,093.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Vice Chairman John F. Wilson sold 32,000 shares of the stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $39.54, for a total transaction of $1,265,280.00. Following the completion of the sale, the insider now directly owns 804,580 shares of the company’s stock, valued at $31,813,093.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Elizabeth B. Chandler sold 7,871 shares of the company’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 transaction of $333,809.11. Following the completion of the sale, the insider now owns 93,016 shares of the company’s stock, valued at approximately $3,944,808.56. The disclosure for this sale can be found here. Insiders sold 43,871 shares of company stock worth $1,751,089 over the last three months. Corporate insiders own 53.10% of the company’s stock.

Rollins Price Performance

ROL opened at $35.83 on Friday. The firm has a market cap of $17.65 billion, a price-to-earnings ratio of 51.19 and a beta of 0.65. Rollins, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $43.06. The company’s 50-day moving average price is $38.48 and its 200 day moving average price is $37.39. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.09.

Rollins (NYSE:ROLGet Rating) last posted its earnings results on Wednesday, October 26th. The business services provider reported $0.22 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $713.55 million. As a group, sell-side analysts expect that Rollins, Inc. will post 0.73 earnings per share for the current year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Thursday, November 10th were issued a $0.13 dividend. The ex-dividend date was Wednesday, November 9th. This is a boost from Rollins’s previous quarterly dividend of $0.10. This represents a $0.52 annualized dividend and a dividend yield of 1.45%. Rollins’s dividend payout ratio (DPR) is 74.29%.

Wall Street Analysts Forecast Growth

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

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.

See Also

Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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