Valley National Advisers Inc. Increases Stock Position in Rollins, Inc. $ROL

Valley National Advisers Inc. increased its position in shares of Rollins, Inc. (NYSE:ROL) by 175,715.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,163 shares of the business services provider’s stock after buying an additional 35,143 shares during the period. Valley National Advisers Inc.’s holdings in Rollins were worth $2,065,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC lifted its stake in shares of Rollins by 11.7% in the first quarter. Kestra Advisory Services LLC now owns 20,335 shares of the business services provider’s stock worth $1,099,000 after acquiring an additional 2,126 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Rollins by 22.4% during the 1st quarter. BNP Paribas Financial Markets now owns 720,619 shares of the business services provider’s stock worth $38,935,000 after purchasing an additional 131,724 shares during the last quarter. OMERS ADMINISTRATION Corp raised its position in shares of Rollins by 245.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 42,714 shares of the business services provider’s stock valued at $2,308,000 after purchasing an additional 30,332 shares in the last quarter. Landscape Capital Management L.L.C. raised its position in shares of Rollins by 107.4% in the 1st quarter. Landscape Capital Management L.L.C. now owns 14,697 shares of the business services provider’s stock valued at $794,000 after purchasing an additional 7,610 shares in the last quarter. Finally, WPG Advisers LLC purchased a new position in shares of Rollins during the 1st quarter valued at approximately $90,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Trading Down 0.1%

NYSE ROL opened at $60.61 on Friday. Rollins, Inc. has a one year low of $45.34 and a one year high of $61.84. The company has a 50-day simple moving average of $59.14 and a 200-day simple moving average of $57.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.77. The firm has a market capitalization of $29.37 billion, a PE ratio of 56.64 and a beta of 0.79.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business earned $0.29 earnings per share. Rollins’s quarterly revenue was up 12.0% on a year-over-year basis. On average, equities analysts forecast 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 was paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th were given a dividend of $0.1825 per share. This is a boost from Rollins’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, November 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.2%. Rollins’s payout ratio is currently 68.22%.

Insider Activity at Rollins

In other news, insider Thomas D. Tesh sold 2,396 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $59.73, for a total transaction of $143,113.08. Following the completion of the sale, the insider directly owned 31,627 shares of the company’s stock, valued at $1,889,080.71. This trade represents a 7.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ROL. Weiss Ratings restated a “buy (b)” rating on shares of Rollins in a research note on Monday, December 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $70.00 target price on shares of Rollins in a research report on Tuesday. Canaccord Genuity Group set a $55.00 target price on shares of Rollins and gave the company a “hold” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. began coverage on Rollins in a research note on Friday, September 26th. They issued an “overweight” rating and a $70.00 price target for the company. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Rollins in a research note on Tuesday, December 2nd. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Rollins has an average rating of “Moderate Buy” and a consensus price target of $66.92.

Rollins Profile

Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.

Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.