Crossmark Global Holdings Inc. Grows Stake in Rollins, Inc. (NYSE:ROL)

Crossmark Global Holdings Inc. increased its holdings in Rollins, Inc. (NYSE:ROL) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,745 shares of the business services provider’s stock after purchasing an additional 1,419 shares during the period. Crossmark Global Holdings Inc.’s holdings in Rollins were worth $1,251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ROL. Quest Partners LLC bought a new position in shares of Rollins during the 2nd quarter valued at about $33,000. Ridgewood Investments LLC bought a new position in Rollins during the second quarter valued at approximately $34,000. Quent Capital LLC boosted its stake in Rollins by 43.9% during the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after buying an additional 236 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Rollins by 10,233.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock valued at $45,000 after buying an additional 921 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Rollins in the 3rd quarter worth approximately $52,000. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Performance

Shares of Rollins stock opened at $51.29 on Thursday. 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. The stock’s fifty day moving average price is $49.55 and its 200-day moving average price is $48.61. Rollins, Inc. has a 12 month low of $38.89 and a 12 month high of $52.16.

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

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a $0.165 dividend. This is a positive change from Rollins’s previous quarterly dividend of $0.15. 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. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 in the company, valued at approximately $4,274,129.97. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.69% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Barclays started coverage on Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price for the company. Finally, Wells Fargo & Company increased their price target on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Rollins currently has an average rating of “Hold” and an average target price of $49.83.

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.