True Wealth Design LLC Purchases 769 Shares of Rollins, Inc. (NYSE:ROL)

True Wealth Design LLC raised its position in Rollins, Inc. (NYSE:ROL) by 4,272.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 787 shares of the business services provider’s stock after buying an additional 769 shares during the period. True Wealth Design LLC’s holdings in Rollins were worth $40,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in shares of Rollins in the third quarter valued at approximately $28,000. Quest Partners LLC acquired a new position in Rollins in the 2nd quarter valued at approximately $33,000. Ridgewood Investments LLC acquired a new position in Rollins in the 2nd quarter valued at approximately $34,000. Quent Capital LLC increased its position in Rollins by 43.9% in the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 236 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Rollins by 10,233.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 930 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 921 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Down 1.6 %

Shares of Rollins stock opened at $50.33 on Monday. The stock’s 50-day moving average is $49.58 and its 200 day moving average is $49.01. Rollins, Inc. has a one year low of $39.94 and a one year high of $52.16. The firm has a market cap of $24.37 billion, a price-to-earnings ratio of 52.43 and a beta of 0.70. 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 posted its quarterly 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). The business had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. Rollins’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 earnings per share. Equities research analysts anticipate that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.31%. This is a boost from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, November 12th. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Analyst Ratings Changes

A number of research firms recently weighed in on ROL. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Wells Fargo & Company increased their price target on Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Barclays began coverage on Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $49.83.

Insider Buying and Selling at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total value of $236,545.65. Following the completion of the sale, the insider now owns 84,653 shares of the company’s stock, valued at approximately $4,274,129.97. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the sale, the insider now owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,120 shares of company stock valued at $1,209,993. 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.