Bell Bank Has $1.20 Million Stock Position in Rollins, Inc. (NYSE:ROL)

Bell Bank lessened its position in Rollins, Inc. (NYSE:ROL) by 2.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 23,622 shares of the business services provider’s stock after selling 671 shares during the period. Bell Bank’s holdings in Rollins were worth $1,195,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in ROL. Empowered Funds LLC purchased a new stake in Rollins during the 1st quarter worth about $252,000. QRG Capital Management Inc. purchased a new position in Rollins in the 1st quarter worth $201,000. Bleakley Financial Group LLC grew its holdings in Rollins by 8.1% in the 1st quarter. Bleakley Financial Group LLC now owns 7,468 shares of the business services provider’s stock worth $346,000 after acquiring an additional 560 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in shares of Rollins by 19.8% during the first quarter. Koshinski Asset Management Inc. now owns 10,690 shares of the business services provider’s stock worth $495,000 after purchasing an additional 1,767 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its stake in Rollins by 3.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 249,924 shares of the business services provider’s stock worth $11,564,000 after acquiring an additional 8,230 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

NYSE:ROL opened at $51.29 on Thursday. The stock has a 50 day moving average of $49.55 and a two-hundred day moving average of $48.61. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The firm has a market cap of $24.84 billion, a P/E ratio of 53.43 and a beta of 0.70. Rollins, Inc. has a 12 month low of $38.89 and a 12 month high of $52.16.

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

Rollins Increases Dividend

The firm also recently announced 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 of this dividend is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio (DPR) is 68.75%.

Analyst Ratings Changes

Several research firms recently commented on ROL. Barclays began coverage on shares of Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 target price on shares of Rollins in a report on Thursday, July 25th. Finally, StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Rollins has a consensus rating of “Hold” and an average price target of $49.83.

Insiders Place Their Bets

In other news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total value of $236,545.65. Following the sale, the insider now owns 84,653 shares of the company’s stock, valued at $4,274,129.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.69% of the stock is owned by corporate insiders.

Rollins 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.