EULAV Asset Management Boosts Stock Position in Rollins, Inc. (NYSE:ROL)

EULAV Asset Management grew its position in Rollins, Inc. (NYSE:ROL) by 7.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 304,723 shares of the business services provider’s stock after buying an additional 20,025 shares during the quarter. EULAV Asset Management owned 0.06% of Rollins worth $15,413,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Rollins by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 32,438,440 shares of the business services provider’s stock worth $1,500,927,000 after buying an additional 206,873 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Rollins by 1.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock worth $489,036,000 after buying an additional 148,316 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Rollins by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock worth $137,860,000 after buying an additional 133,100 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Rollins by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,156,892 shares of the business services provider’s stock worth $105,247,000 after buying an additional 172,009 shares during the period. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of Rollins by 9.7% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,851,650 shares of the business services provider’s stock worth $85,676,000 after buying an additional 162,989 shares during the period. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Barclays started coverage on Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target for the company. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Rollins has an average rating of “Hold” and an average target price of $49.83.

Insider Transactions at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the sale, the insider now directly owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $236,545.65. Following the sale, the insider now directly owns 84,653 shares in the company, valued at approximately $4,274,129.97. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,120 shares of company stock worth $1,209,993 over the last three months. 4.69% of the stock is currently owned by insiders.

Rollins Trading Down 1.1 %

Rollins stock opened at $49.50 on Wednesday. The stock has a 50-day moving average of $49.57 and a two-hundred day moving average of $48.77. 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 $39.20 and a one year high of $52.16. The stock has a market cap of $23.97 billion, a PE ratio of 51.56 and a beta of 0.70.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $911.15 million. During the same quarter last year, the business posted $0.28 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, research analysts anticipate that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.33%. 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%.

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.