Manning & Napier Advisors LLC Increases Position in Rollins, Inc. $ROL

Manning & Napier Advisors LLC raised its holdings in Rollins, Inc. (NYSE:ROL) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,307,691 shares of the business services provider’s stock after acquiring an additional 24,680 shares during the period. Manning & Napier Advisors LLC’s holdings in Rollins were worth $76,814,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ROL. Eastern Bank grew its position in shares of Rollins by 17.0% in the third quarter. Eastern Bank now owns 57,214 shares of the business services provider’s stock valued at $3,361,000 after purchasing an additional 8,331 shares in the last quarter. Kera Capital Partners Inc. boosted its stake in Rollins by 18.3% during the third quarter. Kera Capital Partners Inc. now owns 5,478 shares of the business services provider’s stock worth $322,000 after buying an additional 847 shares during the last quarter. Moseley Investment Management Inc. acquired a new position in Rollins during the third quarter worth $212,000. Klingman & Associates LLC acquired a new stake in shares of Rollins in the 3rd quarter worth $212,000. Finally, Quent Capital LLC acquired a new stake in shares of Rollins in the 3rd quarter worth $50,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

ROL stock opened at $61.61 on Wednesday. The business’s fifty day moving average price is $59.93 and its 200 day moving average price is $57.96. Rollins, Inc. has a 12-month low of $46.24 and a 12-month high of $61.84. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $29.86 billion, a PE ratio of 57.58 and a beta of 0.79.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Rollins had a net margin of 14.02% and a return on equity of 37.60%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, sell-side analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were paid a dividend of $0.1825 per share. This represents a $0.73 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, November 10th. This is an increase from Rollins’s previous quarterly dividend of $0.17. Rollins’s payout ratio is currently 68.22%.

Insider Buying and Selling

In other news, Chairman John F. Wilson sold 1,520 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $59.40, for a total transaction of $90,288.00. Following the sale, the chairman owned 607,587 shares of the company’s stock, valued at approximately $36,090,667.80. This represents a 0.25% 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. Also, insider Thomas D. Tesh sold 2,396 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $60.06, for a total value of $143,903.76. Following the completion of the sale, the insider owned 29,231 shares in the company, valued at approximately $1,755,613.86. The trade was a 7.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 8,707 shares of company stock worth $515,664. 4.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Rollins in a report on Friday, September 26th. They issued an “overweight” rating and a $70.00 price objective for the company. The Goldman Sachs Group restated a “buy” rating and set a $64.00 price target on shares of Rollins in a report on Thursday, October 30th. Canaccord Genuity Group set a $55.00 price target on shares of Rollins and gave the company a “hold” rating in a research report on Friday, October 31st. Jefferies Financial Group set a $66.00 price objective on Rollins and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Rollins in a research note on Monday, December 29th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus 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.