Advisors Asset Management Inc. Has $8.57 Million Holdings in Rollins, Inc. $ROL

Advisors Asset Management Inc. cut its holdings in Rollins, Inc. (NYSE:ROL) by 6.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,877 shares of the business services provider’s stock after selling 11,111 shares during the quarter. Advisors Asset Management Inc.’s holdings in Rollins were worth $8,569,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Rollins in the 2nd quarter valued at $30,000. TD Waterhouse Canada Inc. raised its holdings in Rollins by 58.4% during the second quarter. TD Waterhouse Canada Inc. now owns 730 shares of the business services provider’s stock valued at $41,000 after buying an additional 269 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Rollins by 75.8% in the first quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after buying an additional 375 shares during the last quarter. National Pension Service lifted its position in shares of Rollins by 75.0% in the first quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock worth $58,000 after buying an additional 462 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Rollins by 587.7% during the 2nd quarter. Assetmark Inc. now owns 1,176 shares of the business services provider’s stock worth $66,000 after acquiring an additional 1,005 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Rollins Price Performance

Shares of Rollins stock opened at $61.23 on Wednesday. The firm has a market cap of $29.67 billion, a P/E ratio of 57.22 and a beta of 0.72. The firm’s 50-day simple moving average is $57.55 and its 200-day simple moving average is $57.10. Rollins, Inc. has a twelve month low of $45.34 and a twelve month high of $61.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Rollins had a return on equity of 38.66% and a net margin of 14.02%.The company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. As a group, research analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, November 10th. This is a boost from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. Rollins’s dividend payout ratio (DPR) is 68.22%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ROL. Jefferies Financial Group set a $66.00 target price on Rollins and gave the stock a “buy” rating in a report on Monday, November 3rd. Zacks Research cut shares of Rollins from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Canaccord Genuity Group set a $55.00 price objective on shares of Rollins and gave the stock a “hold” rating in a report on Friday, October 31st. Wells Fargo & Company set a $63.00 target price on shares of Rollins and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Finally, Sanford C. Bernstein started coverage on shares of Rollins in a report on Wednesday, November 12th. They set an “outperform” rating and a $70.00 price target for the company. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.42.

Insider Activity at Rollins

In related news, insider Thomas D. Tesh sold 2,395 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $57.77, for a total transaction of $138,359.15. Following the completion of the sale, the insider owned 34,732 shares in the company, valued at $2,006,467.64. This trade represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.47% of the company’s stock.

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.