Creative Planning Increases Holdings in Rollins, Inc. $ROL

Creative Planning increased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 44.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,205 shares of the business services provider’s stock after purchasing an additional 11,130 shares during the quarter. Creative Planning’s holdings in Rollins were worth $2,043,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its holdings in Rollins by 89.1% during the 2nd quarter. SG Americas Securities LLC now owns 24,665 shares of the business services provider’s stock valued at $1,392,000 after buying an additional 11,625 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Rollins by 630.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 468,939 shares of the business services provider’s stock valued at $26,458,000 after acquiring an additional 404,713 shares in the last quarter. Security Financial Services INC. increased its holdings in Rollins by 12.4% in the 2nd quarter. Security Financial Services INC. now owns 6,419 shares of the business services provider’s stock valued at $362,000 after acquiring an additional 708 shares during the last quarter. Fiera Capital Corp lifted its stake in Rollins by 15.1% in the 2nd quarter. Fiera Capital Corp now owns 1,578,271 shares of the business services provider’s stock worth $89,046,000 after purchasing an additional 206,605 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Rollins by 4.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 42,191 shares of the business services provider’s stock valued at $2,380,000 after purchasing an additional 1,860 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company set a $63.00 target price on Rollins and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Rollins in a report on Monday. Jefferies Financial Group set a $66.00 target price on shares of Rollins and gave the company a “buy” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. started coverage on shares of Rollins in a research note on Friday, September 26th. They set an “overweight” rating and a $70.00 price target on the stock. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $64.00 price objective on shares of Rollins in a research note on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.42.

Rollins Stock Up 1.8%

Shares of ROL opened at $61.23 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $61.46. The company has a market cap of $29.67 billion, a PE ratio of 57.22 and a beta of 0.72. The business has a fifty day moving average of $57.55 and a 200 day moving average of $57.10.

Rollins (NYSE:ROL) last announced its earnings results 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. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, sell-side analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

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

Insider Activity at Rollins

In other news, insider Thomas D. Tesh sold 2,395 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $57.77, for a total value of $138,359.15. Following the sale, the insider directly owned 34,732 shares in the company, valued at approximately $2,006,467.64. This represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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.