True Wealth Design LLC Has $40,000 Stock Position in Rollins, Inc. (NYSE:ROL)

True Wealth Design LLC lifted its stake in shares of Rollins, Inc. (NYSE:ROL) by 4,272.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 787 shares of the business services provider’s stock after purchasing an additional 769 shares during the period. True Wealth Design LLC’s holdings in Rollins were worth $40,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in 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 worth $489,036,000 after acquiring an additional 148,316 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its stake in Rollins by 14.0% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after purchasing an additional 1,154,722 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Rollins by 4.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock valued at $137,860,000 after purchasing an additional 133,100 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Rollins by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider’s stock worth $109,655,000 after buying an additional 31,458 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Rollins by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,156,892 shares of the business services provider’s stock valued at $105,247,000 after buying an additional 172,009 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insider Activity at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction on 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 directly owns 89,338 shares in the company, valued at $4,533,010.12. This represents a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,120 shares of company stock valued at $1,209,993 over the last quarter. 4.69% of the stock is owned by corporate insiders.

Rollins Trading Down 1.6 %

Shares of Rollins stock opened at $50.33 on Monday. Rollins, Inc. has a 52-week low of $39.94 and a 52-week high of $52.16. The stock has a market cap of $24.37 billion, a PE ratio of 52.43 and a beta of 0.70. The firm has a 50-day moving average of $49.58 and a 200-day moving average of $49.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

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

Rollins Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Analysts Set New Price Targets

ROL has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Barclays initiated coverage on shares of Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective for the company. Finally, StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Rollins has an average rating of “Hold” and a consensus target price of $49.83.

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.