Point72 Hong Kong Ltd Buys New Stake in Rollins, Inc. (NYSE:ROL)

Point72 Hong Kong Ltd purchased a new position in Rollins, Inc. (NYSE:ROL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,857 shares of the business services provider’s stock, valued at approximately $1,257,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its holdings in shares of Rollins by 185.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 384,935 shares of the business services provider’s stock worth $18,781,000 after buying an additional 249,860 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Rollins by 4,697.4% during the first quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock valued at $14,997,000 after acquiring an additional 317,353 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Rollins in the 3rd quarter valued at $1,428,000. Manning & Napier Advisors LLC bought a new stake in shares of Rollins in the 2nd quarter worth about $13,580,000. Finally, Intech Investment Management LLC grew its holdings in shares of Rollins by 13.7% in the 3rd quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock worth $33,484,000 after purchasing an additional 79,546 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ROL shares. Barclays started 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. Wells Fargo & Company boosted their target price on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $49.83.

Insiders Place Their Bets

In other Rollins 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 transaction 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. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the transaction, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,120 shares of company stock valued at $1,209,993. 4.69% of the stock is currently owned by insiders.

Rollins Stock Performance

Shares of Rollins stock opened at $50.33 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $49.58 and a 200 day simple moving average of $49.01. Rollins, Inc. has a fifty-two week low of $39.94 and a fifty-two week high of $52.16. The firm has a market cap of $24.37 billion, a P/E ratio of 52.43 and a beta of 0.70.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 earnings per share. Sell-side analysts predict that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.31%. 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. 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.