Motley Fool Asset Management LLC Buys 1,787 Shares of Rollins, Inc. $ROL

Motley Fool Asset Management LLC boosted its stake in Rollins, Inc. (NYSE:ROL) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,862 shares of the business services provider’s stock after acquiring an additional 1,787 shares during the period. Motley Fool Asset Management LLC’s holdings in Rollins were worth $895,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Rollins by 27.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 152,096 shares of the business services provider’s stock valued at $8,581,000 after purchasing an additional 33,200 shares during the period. Teacher Retirement System of Texas raised its position in shares of Rollins by 8.6% in the second quarter. Teacher Retirement System of Texas now owns 421,565 shares of the business services provider’s stock valued at $23,785,000 after purchasing an additional 33,293 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Rollins in the second quarter valued at approximately $625,000. Transcend Capital Advisors LLC raised its position in shares of Rollins by 1.0% in the second quarter. Transcend Capital Advisors LLC now owns 39,116 shares of the business services provider’s stock valued at $2,207,000 after purchasing an additional 369 shares during the period. Finally, Ashton Thomas Private Wealth LLC raised its position in shares of Rollins by 3.6% in the second quarter. Ashton Thomas Private Wealth LLC now owns 8,673 shares of the business services provider’s stock valued at $489,000 after purchasing an additional 303 shares during the period. Institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Rollins from $59.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Wells Fargo & Company set a $63.00 price target on shares of Rollins and gave the company an “overweight” rating in a research report on Tuesday. Barclays boosted their price target on shares of Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on shares of Rollins in a research report on Friday, September 26th. They issued an “overweight” rating and a $70.00 price target on the stock. Finally, Zacks Research lowered shares of Rollins from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Rollins Price Performance

NYSE:ROL opened at $56.13 on Wednesday. The firm has a market capitalization of $27.20 billion, a price-to-earnings ratio of 55.57 and a beta of 0.69. Rollins, Inc. has a 52-week low of $45.34 and a 52-week high of $59.12. The stock has a fifty day moving average of $56.86 and a 200 day moving average of $56.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.68.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be paid a dividend of $0.1825 per share. This is a positive change from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, November 10th. Rollins’s dividend payout ratio is 65.35%.

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.