Benedict Financial Advisors Inc. Acquires 824 Shares of Rollins, Inc. (NYSE:ROL)

Benedict Financial Advisors Inc. grew its holdings in Rollins, Inc. (NYSE:ROL) by 1.7% during the third quarter, HoldingsChannel.com reports. The firm owned 49,739 shares of the business services provider’s stock after acquiring an additional 824 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Rollins were worth $2,516,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ROL. QRG Capital Management Inc. increased its position in shares of Rollins by 4.7% during the second quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock worth $222,000 after acquiring an additional 203 shares during the period. B.O.S.S. Retirement Advisors LLC boosted its holdings in shares of Rollins by 4.9% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 212 shares during the period. Quent Capital LLC grew its stake in Rollins by 43.9% in the second quarter. Quent Capital LLC now owns 774 shares of the business services provider’s stock worth $38,000 after purchasing an additional 236 shares in the last quarter. Mather Group LLC. increased its holdings in Rollins by 8.8% during the 3rd quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock worth $153,000 after purchasing an additional 246 shares during the period. Finally, Federated Hermes Inc. raised its position in Rollins by 16.4% during the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 249 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROL has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Rollins currently has a consensus rating of “Moderate Buy” and an average price target of $49.80.

Rollins Stock Up 0.1 %

Shares of Rollins stock traded up $0.06 on Friday, reaching $46.54. The stock had a trading volume of 1,660,706 shares, compared to its average volume of 1,697,586. The company has a 50 day moving average price of $49.89 and a 200 day moving average price of $48.13. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.41. Rollins, Inc. has a 1 year low of $35.54 and a 1 year high of $51.96. The stock has a market capitalization of $22.54 billion, a P/E ratio of 49.51 and a beta of 0.70.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a net margin of 14.23% and a return on equity of 40.10%. The business had revenue of $916.27 million for the quarter, compared to analysts’ expectations of $911.15 million. During the same quarter in the prior year, the company posted $0.28 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts forecast that Rollins, Inc. will post 1 EPS for the current year.

Rollins Increases Dividend

The firm 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 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, November 12th. This is an increase from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio (DPR) is currently 63.83%.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction that occurred 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 sale, the insider now directly owns 89,338 shares in the company, valued at $4,533,010.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of Rollins stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $50.74, for a total transaction of $237,716.90. Following the completion of the sale, the insider now owns 89,338 shares of the company’s stock, valued at approximately $4,533,010.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Elizabeth B. Chandler sold 4,686 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $47.82, for a total value of $224,084.52. Following the completion of the transaction, the insider now directly owns 95,023 shares in the company, valued at $4,543,999.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,056 shares of company stock worth $698,347. 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.