Gladius Capital Management LP Buys 2,278 Shares of Rollins, Inc. (NYSE:ROL)

Gladius Capital Management LP increased its stake in shares of Rollins, Inc. (NYSE:ROL) by 13.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 19,040 shares of the business services provider’s stock after purchasing an additional 2,278 shares during the period. Rollins accounts for 0.1% of Gladius Capital Management LP’s investment portfolio, making the stock its 12th largest position. Gladius Capital Management LP’s holdings in Rollins were worth $963,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its holdings in shares of Rollins by 4.7% during the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock worth $222,000 after acquiring an additional 203 shares during the last quarter. B.O.S.S. Retirement Advisors LLC raised its position in Rollins by 4.9% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 212 shares in the last quarter. Quent Capital LLC lifted its stake in Rollins by 43.9% during the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after purchasing an additional 236 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Rollins by 8.8% in the 3rd quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock worth $153,000 after purchasing an additional 246 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Rollins by 16.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 249 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 0.4 %

NYSE:ROL opened at $49.91 on Friday. The firm has a market capitalization of $24.17 billion, a P/E ratio of 51.99 and a beta of 0.70. Rollins, Inc. has a 52 week low of $39.03 and a 52 week high of $52.16. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $49.56 and a 200 day moving average of $48.67.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share 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 analysts’ expectations of $911.15 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, research analysts predict that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a $0.165 dividend. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Tuesday, November 12th. Rollins’s dividend payout ratio (DPR) is currently 68.75%.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins 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 sale, the insider now owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The trade was a 4.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Barclays started coverage on Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price for the company. Wells Fargo & Company boosted 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Thursday, July 25th. Finally, StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $49.83.

Rollins 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.