Landscape Capital Management L.L.C. Boosts Stock Position in Rollins, Inc. (NYSE:ROL)

Landscape Capital Management L.L.C. raised its position in Rollins, Inc. (NYSE:ROL) by 104.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,942 shares of the business services provider’s stock after purchasing an additional 42,280 shares during the period. Landscape Capital Management L.L.C.’s holdings in Rollins were worth $4,195,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Rollins by 1.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock valued at $489,036,000 after buying an additional 148,316 shares during the period. Renaissance Technologies LLC lifted its position in Rollins by 4.9% during the second quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock worth $137,860,000 after buying an additional 133,100 shares during the period. Dimensional Fund Advisors LP boosted its stake in Rollins by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,156,892 shares of the business services provider’s stock worth $105,247,000 after buying an additional 172,009 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in Rollins by 9.7% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,851,650 shares of the business services provider’s stock valued at $85,676,000 after buying an additional 162,989 shares during the period. Finally, Markel Group Inc. increased its stake in shares of Rollins by 1.0% during the 3rd quarter. Markel Group Inc. now owns 1,453,275 shares of the business services provider’s stock valued at $73,507,000 after acquiring an additional 14,000 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the sale, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s 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 in the company, valued at $4,274,129.97. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,120 shares of company stock worth $1,209,993. 4.69% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on ROL. Barclays initiated coverage on shares of Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their target price on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $49.83.

Rollins Stock Down 0.1 %

ROL stock opened at $49.44 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $49.54 and a 200-day simple moving average of $48.79. The company has a market capitalization of $23.94 billion, a P/E ratio of 51.50 and a beta of 0.70. Rollins, Inc. has a twelve month low of $39.62 and a twelve month high of $52.16.

Rollins (NYSE:ROL) last released its 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 company had revenue of $916.27 million during 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 for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. On average, equities research analysts predict 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. 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. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.33%. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

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.