Cynosure Group LLC Sells 15,497 Shares of Rollins, Inc. $ROL

Cynosure Group LLC trimmed its stake in shares of Rollins, Inc. (NYSE:ROL) by 60.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,002 shares of the business services provider’s stock after selling 15,497 shares during the quarter. Cynosure Group LLC’s holdings in Rollins were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROL. Vanguard Group Inc. increased its stake in shares of Rollins by 1.4% in the second quarter. Vanguard Group Inc. now owns 35,239,976 shares of the business services provider’s stock worth $1,988,239,000 after buying an additional 503,433 shares during the period. State Street Corp grew its holdings in Rollins by 2.3% in the 2nd quarter. State Street Corp now owns 12,102,112 shares of the business services provider’s stock worth $682,801,000 after acquiring an additional 274,105 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Rollins by 4.8% in the second quarter. Geode Capital Management LLC now owns 9,379,509 shares of the business services provider’s stock valued at $527,446,000 after acquiring an additional 432,067 shares during the period. Invesco Ltd. increased its position in shares of Rollins by 41.2% in the second quarter. Invesco Ltd. now owns 5,657,997 shares of the business services provider’s stock valued at $319,224,000 after acquiring an additional 1,649,676 shares during the period. Finally, Norges Bank bought a new position in shares of Rollins during the second quarter valued at about $218,593,000. Institutional investors own 51.79% of the company’s stock.

Insider Activity at Rollins

In related news, insider Thomas D. Tesh sold 2,396 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $59.73, for a total value of $143,113.08. Following the sale, the insider owned 31,627 shares in the company, valued at $1,889,080.71. This represents a 7.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.47% of the stock is currently owned by corporate insiders.

Rollins Price Performance

ROL opened at $59.03 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32. The company has a market cap of $28.61 billion, a price-to-earnings ratio of 55.16 and a beta of 0.79. The stock has a fifty day simple moving average of $59.49 and a two-hundred day simple moving average of $57.78. Rollins, Inc. has a 12-month low of $45.34 and a 12-month high of $61.84.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm earned $0.29 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. Research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a $0.1825 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Rollins’s previous quarterly dividend of $0.17. Rollins’s payout ratio is presently 68.22%.

Analysts Set New Price Targets

ROL has been the topic of a number of research analyst reports. Canaccord Genuity Group set a $55.00 price target on Rollins and gave the company a “hold” rating in a report on Friday, October 31st. Royal Bank Of Canada reissued an “outperform” rating and set a $70.00 target price on shares of Rollins in a research note on Tuesday, December 23rd. Jefferies Financial Group set a $66.00 target price on Rollins and gave the company a “buy” rating in a report on Monday, November 3rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Rollins in a report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Rollins in a research report on Friday, September 26th. They set an “overweight” rating and a $70.00 price objective on the stock. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Rollins presently has a consensus rating of “Moderate Buy” and an average target price of $66.92.

Rollins Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.