Lmcg Investments LLC Cuts Stake in Rollins, Inc. (NYSE:ROL)

Lmcg Investments LLC reduced its position in shares of Rollins, Inc. (NYSE:ROL) by 0.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 142,017 shares of the business services provider’s stock after selling 764 shares during the quarter. Lmcg Investments LLC’s holdings in Rollins were worth $7,183,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROL. First Trust Direct Indexing L.P. boosted its position in shares of Rollins by 7.3% during the 1st quarter. First Trust Direct Indexing L.P. now owns 7,451 shares of the business services provider’s stock valued at $345,000 after acquiring an additional 510 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Rollins by 3.6% in the first quarter. Commonwealth Equity Services LLC now owns 21,011 shares of the business services provider’s stock worth $972,000 after buying an additional 736 shares during the last quarter. Van ECK Associates Corp lifted its position in Rollins by 6.9% in the first quarter. Van ECK Associates Corp now owns 52,209 shares of the business services provider’s stock worth $2,416,000 after buying an additional 3,373 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Rollins by 49.4% in the first quarter. BNP Paribas Financial Markets now owns 400,524 shares of the business services provider’s stock worth $18,532,000 after buying an additional 132,457 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Rollins by 3.0% in the first quarter. Janney Montgomery Scott LLC now owns 230,264 shares of the business services provider’s stock worth $10,654,000 after buying an additional 6,654 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Insider Activity

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total value of $237,716.90. Following the transaction, the insider now owns 89,338 shares in the company, valued at $4,533,010.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.69% of the company’s stock.

Rollins Stock Up 0.4 %

Shares of Rollins stock traded up $0.19 during trading on Friday, hitting $47.33. 3,123,061 shares of the stock traded hands, compared to its average volume of 1,475,420. The firm has a market cap of $22.92 billion, a P/E ratio of 49.30 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. Rollins, Inc. has a 52-week low of $37.06 and a 52-week high of $51.96. The stock’s fifty day simple moving average is $49.63 and its 200 day simple moving average is $48.23.

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

Rollins Increases Dividend

The company 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 dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.39%. This is a positive change from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio (DPR) is currently 62.50%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ROL shares. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their price target on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Three 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 a consensus rating of “Moderate Buy” and an average target price of $49.80.

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.