Baron Wealth Management LLC Sells 1,939 Shares of Rollins, Inc. (NYSE:ROL)

Baron Wealth Management LLC cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 16.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,873 shares of the business services provider’s stock after selling 1,939 shares during the quarter. Baron Wealth Management LLC’s holdings in Rollins were worth $499,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROL. Quest Partners LLC bought a new position in shares of Rollins in the second quarter valued at about $33,000. Ridgewood Investments LLC bought a new stake in Rollins during the 2nd quarter worth about $34,000. Quent Capital LLC lifted its position in Rollins by 43.9% during the 2nd quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 236 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position 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 valued at $45,000 after purchasing an additional 921 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Rollins in the 3rd quarter valued at approximately $52,000. 51.79% of the stock is owned by institutional investors.

Insider Activity at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $50.74, for a total value of $237,716.90. Following the completion of the transaction, the insider now directly owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. This trade represents a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.69% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays assumed coverage on shares of Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company increased their price target on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Rollins presently has an average rating of “Hold” and a consensus price target of $49.83.

Rollins Price Performance

NYSE ROL opened at $50.05 on Tuesday. The business has a 50 day simple moving average of $49.56 and a 200 day simple moving average of $48.73. Rollins, Inc. has a 52-week low of $39.20 and a 52-week high of $52.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. The stock has a market cap of $24.24 billion, a price-to-earnings ratio of 52.14 and a beta of 0.70.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate 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 revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. Analysts anticipate that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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 is a boost from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.32%. Rollins’s dividend payout ratio (DPR) is currently 68.75%.

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.