Rollins, Inc. (NYSE:ROL) Shares Sold by Entropy Technologies LP

Entropy Technologies LP lessened its stake in Rollins, Inc. (NYSE:ROL) by 60.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,920 shares of the business services provider’s stock after selling 7,552 shares during the quarter. Entropy Technologies LP’s holdings in Rollins were worth $249,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ROL. QRG Capital Management Inc. lifted its holdings in Rollins by 4.7% during the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock worth $222,000 after buying an additional 203 shares during the last quarter. B.O.S.S. Retirement Advisors LLC lifted its stake in Rollins by 4.9% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock worth $230,000 after purchasing an additional 212 shares during the last quarter. Quent Capital LLC boosted its holdings in Rollins by 43.9% in the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after purchasing an additional 236 shares during the period. Mather Group LLC. increased its stake in Rollins by 8.8% during the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 246 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Rollins by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock worth $86,000 after buying an additional 249 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 84,653 shares in the company, valued at $4,274,129.97. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.69% of the company’s stock.

Rollins Stock Down 0.4 %

ROL opened at $49.91 on Friday. The stock’s 50 day moving average price is $49.56 and its 200 day moving average price is $48.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The stock has a market cap of $24.17 billion, a P/E ratio of 51.99 and a beta of 0.70. Rollins, Inc. has a 12 month low of $39.03 and a 12 month high of $52.16.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business 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%. Rollins’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the business posted $0.28 earnings per share. As a group, research analysts predict that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $0.165 dividend. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Tuesday, November 12th. Rollins’s dividend payout ratio is currently 68.75%.

Analyst Upgrades and Downgrades

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

About Rollins

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.