OneDigital Investment Advisors LLC Decreases Position in Rollins, Inc. (NYSE:ROL)

OneDigital Investment Advisors LLC cut its holdings in Rollins, Inc. (NYSE:ROL) by 8.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 25,842 shares of the business services provider’s stock after selling 2,509 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Rollins were worth $1,307,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ROL. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Rollins by 1.2% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 197,637 shares of the business services provider’s stock valued at $9,996,000 after purchasing an additional 2,356 shares during the last quarter. Metis Global Partners LLC grew its holdings in Rollins by 7.0% during the 3rd quarter. Metis Global Partners LLC now owns 18,066 shares of the business services provider’s stock valued at $914,000 after buying an additional 1,179 shares during the last quarter. KBC Group NV increased its position in Rollins by 3.7% during the third quarter. KBC Group NV now owns 147,092 shares of the business services provider’s stock worth $7,439,000 after buying an additional 5,236 shares in the last quarter. Geneva Capital Management LLC raised its holdings in shares of Rollins by 40.3% in the third quarter. Geneva Capital Management LLC now owns 553,863 shares of the business services provider’s stock worth $28,014,000 after acquiring an additional 159,141 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Rollins in the third quarter valued at $204,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the transaction, the insider now directly owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The trade was a 4.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 4.69% of the company’s stock.

Rollins Trading Up 0.3 %

Shares of ROL opened at $50.05 on Tuesday. Rollins, Inc. has a twelve month low of $39.20 and a twelve month high of $52.16. The firm has a market capitalization of $24.24 billion, a P/E ratio of 51.99 and a beta of 0.70. 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 stock’s fifty day simple moving average is $49.56 and its 200 day simple moving average is $48.73.

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 the consensus estimate of $0.30 by ($0.01). The firm had revenue of $916.27 million during 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 business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share. On average, equities research analysts forecast that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

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

Analyst Upgrades and Downgrades

ROL has been the subject of a number of recent research reports. Barclays initiated 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. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Wells Fargo & Company upped their price objective on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.