Rollins, Inc. $ROL Stock Purchased by Vise Technologies Inc.

Vise Technologies Inc. increased its holdings in Rollins, Inc. (NYSE:ROL) by 127.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,390 shares of the business services provider’s stock after buying an additional 15,909 shares during the period. Vise Technologies Inc.’s holdings in Rollins were worth $855,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Raiffeisen Bank International AG boosted its stake in Rollins by 73.5% during the second quarter. Raiffeisen Bank International AG now owns 642 shares of the business services provider’s stock valued at $27,000 after buying an additional 272 shares during the period. Westpac Banking Corp purchased a new position in Rollins during the second quarter worth about $42,000. Pinnacle Wealth Planning Services Inc. increased its stake in Rollins by 137.7% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,236 shares of the business services provider’s stock worth $37,000 after acquiring an additional 716 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in Rollins in the 2nd quarter worth about $88,000. Finally, Assetmark Inc. increased its stake in Rollins by 38.7% in the 1st quarter. Assetmark Inc. now owns 2,166 shares of the business services provider’s stock worth $116,000 after acquiring an additional 604 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

NYSE ROL opened at $38.63 on Tuesday. Rollins, Inc. has a 52-week low of $29.28 and a 52-week high of $66.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.58 and a current ratio of 0.62. The company has a market capitalization of $18.47 billion, a P/E ratio of 35.44, a P/E/G ratio of 4.34 and a beta of 0.73. The company has a fifty day moving average of $33.68 and a 200-day moving average of $46.25.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 21st. The business services provider reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.11 billion. Rollins had a net margin of 13.19% and a return on equity of 39.43%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. As a group, equities research analysts predict that Rollins, Inc. will post 1.14 EPS for the current fiscal year.

Rollins Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, November 10th. This is a positive change from Rollins’s previous quarterly dividend of $0.1825. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Rollins’s dividend payout ratio (DPR) is 66.97%.

Analyst Ratings Changes

Several research firms have weighed in on ROL. Bank of America cut Rollins from a “buy” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $35.00 in a report on Thursday, July 23rd. Zacks Research lowered Rollins from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Barclays set a $45.00 price objective on Rollins and gave the stock an “overweight” rating in a report on Friday, July 24th. Raymond James Financial set a $35.00 price objective on shares of Rollins in a research report on Thursday, July 23rd. Finally, Wall Street Zen downgraded shares of Rollins from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.56.

About Rollins

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. Its services include inspections, prevention and treatment for common household and business pests, as well as termite protection, mosquito control and wildlife removal.

The company operates through brands including Orkin, HomeTeam Pest Defense and Clark Pest Control. Founded in 1948, Rollins expanded into pest control with its 1964 acquisition of Orkin, which remains one of its best-known brands.

Based in Atlanta, Georgia, Rollins serves customers across the United States and in international markets.