27,378 Rollins, Inc. $ROL Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in Rollins, Inc. (NYSE:ROL) by 196.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,316 shares of the business services provider’s stock after buying an additional 27,378 shares during the period. Oppenheimer & Co. Inc.’s holdings in Rollins were worth $1,244,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG raised its stake in shares of Rollins by 20.8% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 30,245 shares of the business services provider’s stock worth $911,000 after buying an additional 5,200 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of Rollins by 45.7% in the third quarter. V Square Quantitative Management LLC now owns 11,201 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 3,511 shares during the period. Wealth Enhancement Trust Services Inc. raised its stake in Rollins by 108.9% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 36,997 shares of the business services provider’s stock worth $1,114,000 after purchasing an additional 19,287 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Rollins by 17.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,125 shares of the business services provider’s stock valued at $464,000 after purchasing an additional 1,692 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Rollins by 3.7% in the 2nd quarter. State Street Corp now owns 13,561,228 shares of the business services provider’s stock valued at $566,046,000 after buying an additional 488,046 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Performance

Shares of ROL stock opened at $36.03 on Tuesday. The stock has a 50 day simple moving average of $33.51 and a 200-day simple moving average of $46.86. The company has a market cap of $17.23 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 3.79 and a beta of 0.73. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a 12-month low of $29.28 and a 12-month high of $66.14.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, October 21st. The business services provider reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $1.09 billion for 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 business’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. On average, equities analysts forecast that Rollins, Inc. will post 1.14 EPS for the current year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This is an increase from Rollins’s previous quarterly dividend of $0.1825. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. Rollins’s dividend payout ratio (DPR) is currently 66.97%.

Analyst Ratings Changes

ROL has been the topic of a number of recent analyst reports. Barclays set a $45.00 price objective on Rollins and gave the company an “overweight” rating in a report on Friday, July 24th. Bank of America lowered shares of Rollins from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $55.00 to $35.00 in a research note on Thursday, July 23rd. The Goldman Sachs Group set a $42.00 price objective on shares of Rollins in a report on Thursday, October 22nd. Raymond James Financial set a $35.00 target price on Rollins in a research report on Thursday, July 23rd. Finally, BNP Paribas Exane dropped their price objective on shares of Rollins from $44.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $39.25.

Rollins Company Profile

Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.

Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company’s best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.