Cabot Wealth Management Inc. reduced its stake in Rollins, Inc. (NYSE:ROL – Free Report) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 80,610 shares of the business services provider’s stock after selling 591 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Rollins were worth $4,077,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in ROL. Quest Partners LLC acquired a new position in shares of Rollins in the 2nd quarter worth approximately $33,000. Ridgewood Investments LLC acquired a new stake in Rollins during the 2nd quarter worth approximately $34,000. Quent Capital LLC lifted its holdings in Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after buying an additional 236 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Rollins by 10,233.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock worth $45,000 after buying an additional 921 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Rollins by 114.2% during the 2nd quarter. Blue Trust Inc. now owns 1,604 shares of the business services provider’s stock worth $74,000 after buying an additional 855 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.
Rollins Stock Performance
NYSE ROL traded down $0.19 during trading on Tuesday, reaching $49.97. The company’s stock had a trading volume of 1,166,007 shares, compared to its average volume of 1,701,512. The firm has a market cap of $24.20 billion, a price-to-earnings ratio of 53.86 and a beta of 0.70. The business’s fifty day moving average price is $49.73 and its 200-day moving average price is $47.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.72 and a current ratio of 0.78. Rollins, Inc. has a twelve month low of $32.19 and a twelve month high of $51.96.
Rollins Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 12th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Monday, August 12th. Rollins’s dividend payout ratio is currently 63.83%.
Wall Street Analysts Forecast Growth
ROL has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research report on Thursday, July 25th. Finally, StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Rollins presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.17.
Get Our Latest Stock Report on Rollins
Insider Buying and Selling
In related news, insider Elizabeth B. Chandler sold 4,686 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Rollins news, insider Elizabeth B. Chandler sold 4,686 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the sale, the insider now owns 95,023 shares of the company’s stock, valued at $4,543,999.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the sale, the insider now directly owns 89,338 shares in the company, valued at $4,533,010.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,056 shares of company stock valued at $698,347. Corporate 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.
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