Vinva Investment Management Ltd Has $713,000 Stock Position in Rollins, Inc. (NYSE:ROL)

Vinva Investment Management Ltd boosted its stake in shares of Rollins, Inc. (NYSE:ROL) by 51.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,277 shares of the business services provider’s stock after purchasing an additional 4,858 shares during the quarter. Vinva Investment Management Ltd’s holdings in Rollins were worth $713,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. PEAK6 Investments LLC bought a new position in shares of Rollins during the 3rd quarter worth about $271,000. Public Sector Pension Investment Board grew its position in Rollins by 14.7% during the third quarter. Public Sector Pension Investment Board now owns 10,927 shares of the business services provider’s stock worth $553,000 after buying an additional 1,400 shares in the last quarter. Fiduciary Trust Co bought a new position in Rollins during the third quarter valued at about $201,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Rollins by 16.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,252 shares of the business services provider’s stock valued at $3,300,000 after acquiring an additional 9,380 shares in the last quarter. Finally, Townsquare Capital LLC lifted its position in shares of Rollins by 8.9% in the 3rd quarter. Townsquare Capital LLC now owns 5,993 shares of the business services provider’s stock worth $303,000 after acquiring an additional 490 shares during the period. 51.79% of the stock is owned by institutional investors.

Rollins Stock Performance

Shares of NYSE:ROL opened at $50.33 on Friday. The stock has a market capitalization of $24.38 billion, a price-to-earnings ratio of 52.43 and a beta of 0.70. The business’s fifty day moving average price is $49.58 and its two-hundred day moving average price is $48.99. Rollins, Inc. has a fifty-two week low of $39.94 and a fifty-two week high of $52.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72.

Rollins (NYSE:ROL) last announced its 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 38.67% and a net margin of 14.18%. The firm had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. During the same quarter last year, the business earned $0.28 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, analysts predict that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from Rollins’s previous quarterly dividend of $0.15. Rollins’s payout ratio is 68.75%.

Insider Transactions at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the sale, the insider now directly owns 89,338 shares in the company, valued at approximately $4,533,010.12. This represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,120 shares of company stock valued at $1,209,993 in the last three months. 4.69% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ROL has been the topic of a number of research reports. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Barclays initiated coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.83.

Rollins Company 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.