Rollins, Inc. (NYSE:ROL) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Rollins, Inc. (NYSE:ROL) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,167,949 shares of the business services provider’s stock after purchasing an additional 31,458 shares during the period. Charles Schwab Investment Management Inc. owned about 0.45% of Rollins worth $109,655,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. O Shaughnessy Asset Management LLC increased its holdings in Rollins by 4.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,991 shares of the business services provider’s stock worth $694,000 after acquiring an additional 586 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Rollins during the first quarter worth about $1,590,000. 1832 Asset Management L.P. raised its position in shares of Rollins by 55.9% during the 1st quarter. 1832 Asset Management L.P. now owns 14,029 shares of the business services provider’s stock worth $649,000 after purchasing an additional 5,029 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Rollins by 9.8% in the 1st quarter. Lazard Asset Management LLC now owns 84,433 shares of the business services provider’s stock valued at $3,906,000 after buying an additional 7,532 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Rollins by 3.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 602,860 shares of the business services provider’s stock worth $27,896,000 after buying an additional 22,113 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Stock Up 1.2 %

Shares of NYSE:ROL opened at $51.24 on Tuesday. Rollins, Inc. has a 52-week low of $39.72 and a 52-week high of $52.16. The stock has a market cap of $24.82 billion, a P/E ratio of 53.21 and a beta of 0.70. The business has a fifty day moving average of $49.52 and a two-hundred day moving average of $48.85. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The firm had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. Rollins’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, research analysts expect that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. Rollins’s payout ratio is presently 68.75%.

Insider Activity at Rollins

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the sale, the insider now directly owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The trade was a 4.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at $6,195,794.32. The trade was a 10.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,120 shares of company stock worth $1,209,993. Insiders own 4.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Barclays began coverage on Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price for the company. Wells Fargo & Company raised their price objective on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.83.

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.