Charles Schwab Investment Management Inc. Increases Stock Holdings in Rollins, Inc. (NYSE:ROL)

Charles Schwab Investment Management Inc. grew its holdings in shares of Rollins, Inc. (NYSE:ROL) by 1.5% during the third quarter, Holdings Channel reports. The firm owned 2,167,949 shares of the business services provider’s stock after purchasing an additional 31,458 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Rollins were worth $109,655,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Quest Partners LLC acquired a new position in shares of Rollins in the second quarter valued at approximately $33,000. Ridgewood Investments LLC acquired a new position in shares of Rollins in the second quarter worth $34,000. Quent Capital LLC increased its position in shares of Rollins by 43.9% during the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after acquiring an additional 236 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Rollins by 10,233.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 921 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Rollins in the third quarter valued at $52,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

ROL has been the topic of several recent research reports. Barclays started coverage on Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target on the stock. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company raised their target price on shares of 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Rollins has a consensus rating of “Hold” and a consensus target price of $49.83.

Insiders Place Their Bets

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the sale, the insider now owns 124,214 shares in the company, valued at $6,195,794.32. This represents a 10.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total transaction of $236,545.65. Following the completion of the transaction, the insider now owns 84,653 shares in the company, valued at approximately $4,274,129.97. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,120 shares of company stock valued at $1,209,993. 4.69% of the stock is currently owned by insiders.

Rollins Trading Up 1.2 %

ROL opened at $51.24 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. Rollins, Inc. has a one year low of $39.72 and a one year high of $52.16. The company has a market cap of $24.82 billion, a P/E ratio of 53.21 and a beta of 0.70. The business’s 50-day simple moving average is $49.52 and its 200-day simple moving average is $48.85.

Rollins (NYSE:ROL) last released its quarterly earnings data 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). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The company had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. During the same period in the previous year, the business posted $0.28 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities research analysts expect that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, November 12th. This is a boost from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.29%. Rollins’s payout ratio is 68.75%.

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.