27,378 Rollins, Inc. $ROL Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its position in shares of Rollins, Inc. (NYSE:ROL) by 196.4% during the third quarter, HoldingsChannel reports. The firm owned 41,316 shares of the business services provider’s stock after purchasing an additional 27,378 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Rollins were worth $1,244,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Raiffeisen Bank International AG boosted its holdings in Rollins by 73.5% in the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock worth $27,000 after purchasing an additional 272 shares during the period. Westpac Banking Corp bought a new stake in Rollins in the 2nd quarter valued at about $42,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Rollins in the 2nd quarter valued at about $88,000. Assetmark Inc. increased its stake in shares of Rollins by 38.7% in the first quarter. Assetmark Inc. now owns 2,166 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 604 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Rollins during the second quarter worth approximately $93,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Ratings Changes

ROL has been the topic of several recent analyst reports. Citigroup cut their target price on Rollins from $46.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. Zacks Research downgraded Rollins from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. BNP Paribas Exane dropped their price target on shares of Rollins from $44.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 29th. Morgan Stanley lowered their price objective on shares of Rollins from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Finally, Canaccord Genuity Group set a $33.00 target price on Rollins and gave the stock a “hold” rating in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.25.

Rollins Trading Up 4.0%

Rollins stock opened at $36.03 on Tuesday. The company’s fifty day moving average price is $33.51 and its two-hundred day moving average price is $46.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.58. Rollins, Inc. has a one year low of $29.28 and a one year high of $66.14. The company has a market capitalization of $17.23 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 3.79 and a beta of 0.73.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 21st. The business services provider reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Rollins had a return on equity of 39.43% and a net margin of 13.19%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company earned $0.35 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts forecast that Rollins, Inc. will post 1.14 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, November 10th. This is a boost from Rollins’s previous quarterly dividend of $0.1825. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. Rollins’s dividend payout ratio is presently 66.97%.

Rollins Profile

Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.

Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company’s best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.