Cetera Advisor Networks LLC Buys 74,060 Shares of Rollins, Inc. (NYSE:ROL)

Cetera Advisor Networks LLC raised its holdings in shares of Rollins, Inc. (NYSE:ROLGet Rating) by 505.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,725 shares of the business services provider’s stock after purchasing an additional 74,060 shares during the period. Cetera Advisor Networks LLC’s holdings in Rollins were worth $3,098,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. CX Institutional bought a new position in Rollins in the second quarter valued at about $33,000. Quadrant Capital Group LLC increased its stake in Rollins by 58.2% in the 1st quarter. Quadrant Capital Group LLC now owns 1,476 shares of the business services provider’s stock worth $52,000 after acquiring an additional 543 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Rollins by 72.8% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,626 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 685 shares during the period. JJJ Advisors Inc. increased its holdings in shares of Rollins by 376.4% in the 1st quarter. JJJ Advisors Inc. now owns 1,934 shares of the business services provider’s stock worth $68,000 after purchasing an additional 1,528 shares in the last quarter. Finally, Newfound Research LLC purchased a new stake in shares of Rollins in the second quarter worth about $70,000. 38.98% of the stock is owned by institutional investors.

Rollins Price Performance

NYSE ROL opened at $39.72 on Friday. The stock has a market cap of $19.56 billion, a price-to-earnings ratio of 56.74 and a beta of 0.65. Rollins, Inc. has a 52-week low of $28.50 and a 52-week high of $43.06. The business has a 50 day simple moving average of $38.32 and a 200 day simple moving average of $36.43. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.73 and a current ratio of 0.78.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Thursday, November 10th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.31%. This is a positive change from Rollins’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, November 9th. Rollins’s dividend payout ratio (DPR) is presently 74.29%.

Insider Buying and Selling

In related news, Vice Chairman John F. Wilson sold 32,000 shares of the company’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $39.54, for a total transaction of $1,265,280.00. Following the completion of the sale, the insider now owns 804,580 shares in the company, valued at $31,813,093.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Rollins news, Vice Chairman John F. Wilson sold 32,000 shares of the company’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $39.54, for a total value of $1,265,280.00. Following the transaction, the insider now directly owns 804,580 shares in the company, valued at approximately $31,813,093.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 7,871 shares of the stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $42.41, for a total value of $333,809.11. Following the transaction, the insider now owns 93,016 shares in the company, valued at $3,944,808.56. The disclosure for this sale can be found here. Insiders have sold a total of 47,871 shares of company stock valued at $1,895,089 over the last ninety days. 53.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wells Fargo & Company raised their target price on Rollins from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, October 27th. Jefferies Financial Group initiated coverage on shares of Rollins in a research report on Tuesday, October 25th. They set a “hold” rating and a $36.00 target price on the stock. Royal Bank of Canada raised shares of Rollins from a “sector perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Tuesday, September 6th. Finally, StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research report on Thursday, October 27th.

Rollins Profile

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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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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