Middleton & Co. Inc. MA Sells 2,150 Shares of Rollins, Inc. $ROL

Middleton & Co. Inc. MA lessened its holdings in Rollins, Inc. (NYSE:ROL) by 4.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,220 shares of the business services provider’s stock after selling 2,150 shares during the period. Middleton & Co. Inc. MA’s holdings in Rollins were worth $2,495,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of Rollins in the 2nd quarter worth about $30,000. GW&K Investment Management LLC boosted its holdings in shares of Rollins by 961.4% in the 1st quarter. GW&K Investment Management LLC now owns 605 shares of the business services provider’s stock worth $33,000 after acquiring an additional 548 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Rollins by 75.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 870 shares of the business services provider’s stock worth $47,000 after acquiring an additional 375 shares during the last quarter. National Pension Service increased its holdings in Rollins by 75.0% during the 1st quarter. National Pension Service now owns 1,078 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 462 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Rollins by 587.7% during the 2nd quarter. Assetmark Inc. now owns 1,176 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 1,005 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROL has been the subject of several research reports. UBS Group raised their price objective 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. The Goldman Sachs Group reissued a “buy” rating and issued a $64.00 price target on shares of Rollins in a report on Thursday, October 30th. Jefferies Financial Group set a $66.00 price objective on shares of Rollins and gave the stock a “buy” rating in a research report on Monday. Barclays increased their price objective on Rollins from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Finally, Zacks Research downgraded 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 issued a Hold rating to the company. According to MarketBeat.com, Rollins presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.82.

Rollins Trading Down 1.8%

NYSE:ROL opened at $58.59 on Friday. The firm has a market capitalization of $28.40 billion, a price-to-earnings ratio of 54.76 and a beta of 0.72. Rollins, Inc. has a 1-year low of $45.34 and a 1-year high of $60.35. The business’s 50-day moving average price is $56.96 and its two-hundred day moving average price is $56.83. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 38.66%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company posted $0.29 EPS. Rollins’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Monday, November 10th will be issued a dividend of $0.1825 per share. The ex-dividend date is Monday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. Rollins’s dividend payout ratio (DPR) is 68.22%.

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.