32,620 Shares in Rollins, Inc. (NYSE:ROL) Purchased by Freedom Day Solutions LLC

Freedom Day Solutions LLC bought a new stake in shares of Rollins, Inc. (NYSE:ROL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,620 shares of the business services provider’s stock, valued at approximately $1,650,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ROL. Vanguard Group Inc. boosted its position in Rollins by 0.6% during the first quarter. Vanguard Group Inc. now owns 32,438,440 shares of the business services provider’s stock worth $1,500,927,000 after acquiring an additional 206,873 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Rollins by 1.5% during 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 purchasing an additional 148,316 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Rollins by 14.5% during the 1st quarter. TD Asset Management Inc now owns 2,826,135 shares of the business services provider’s stock worth $130,765,000 after purchasing an additional 357,535 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Rollins by 4.9% in the second quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock valued at $137,860,000 after purchasing an additional 133,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Rollins by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,156,892 shares of the business services provider’s stock valued at $105,247,000 after purchasing an additional 172,009 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 6.6 %

ROL opened at $46.48 on Friday. Rollins, Inc. has a 52 week low of $33.58 and a 52 week high of $51.96. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $49.93 and a 200-day simple moving average of $48.12. The firm has a market cap of $22.51 billion, a P/E ratio of 49.45 and a beta of 0.70.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a return on equity of 40.10% and a net margin of 14.23%. The business had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. During the same quarter last year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts expect that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 1.42%. Rollins’s dividend payout ratio is 63.83%.

Analyst Upgrades and Downgrades

ROL has been the topic of a number of recent research reports. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company boosted their price target 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $49.80.

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $47.82, for a total transaction of $224,084.52. Following the sale, the insider now owns 95,023 shares of the company’s stock, valued at approximately $4,543,999.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Elizabeth B. Chandler sold 4,686 shares of Rollins stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $47.82, for a total value of $224,084.52. Following the completion of the transaction, the insider now owns 95,023 shares in the company, valued at approximately $4,543,999.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the business’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 transaction, the insider now directly owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,056 shares of company stock valued at $698,347 in the last 90 days. Company insiders own 4.69% of the company’s stock.

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.