14,933 Shares in Rollins, Inc. (NYSE:ROL) Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new stake in shares of Rollins, Inc. (NYSE:ROL) in the third quarter, HoldingsChannel.com reports. The firm bought 14,933 shares of the business services provider’s stock, valued at approximately $755,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Montrusco Bolton Investments Inc. increased its position in Rollins by 14.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after acquiring an additional 1,154,722 shares during the last quarter. Fiera Capital Corp purchased a new stake in shares of Rollins during the 3rd quarter valued at about $43,225,000. Cetera Investment Advisers lifted its stake in shares of Rollins by 4,697.4% in the 1st quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock worth $14,997,000 after purchasing an additional 317,353 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Rollins by 350.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 368,521 shares of the business services provider’s stock worth $17,118,000 after buying an additional 286,780 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in Rollins during the second quarter valued at approximately $13,580,000. 51.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was 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 $4,274,129.97. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the sale, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,120 shares of company stock worth $1,209,993. Insiders own 4.69% of the company’s stock.

Rollins Price Performance

NYSE:ROL opened at $51.60 on Wednesday. The business’s 50-day simple moving average is $49.54 and its two-hundred day simple moving average is $48.92. Rollins, Inc. has a 52 week low of $39.72 and a 52 week high of $52.16. The stock has a market cap of $24.99 billion, a PE ratio of 53.74 and a beta of 0.70. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The business had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. During the same period last 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, analysts forecast that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.28%. This is a boost from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, November 12th. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Analyst Upgrades and Downgrades

ROL has been the subject of a number of recent research reports. 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. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, 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 on the stock. Four 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 an average rating of “Hold” and an average price target of $49.83.

Rollins Company 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.