Venturi Wealth Management LLC Boosts Holdings in Rollins, Inc. (NYSE:ROL)

Venturi Wealth Management LLC lifted its stake in Rollins, Inc. (NYSE:ROL) by 23.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,804 shares of the business services provider’s stock after purchasing an additional 2,625 shares during the quarter. Venturi Wealth Management LLC’s holdings in Rollins were worth $698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of ROL. Empowered Funds LLC bought a new position in shares of Rollins during the 1st quarter valued at approximately $252,000. QRG Capital Management Inc. bought a new position in shares of Rollins during the 1st quarter valued at approximately $201,000. Bleakley Financial Group LLC lifted its holdings in Rollins by 8.1% in the 1st quarter. Bleakley Financial Group LLC now owns 7,468 shares of the business services provider’s stock worth $346,000 after purchasing an additional 560 shares in the last quarter. Motley Fool Asset Management LLC lifted its holdings in Rollins by 328.2% in the 1st quarter. Motley Fool Asset Management LLC now owns 38,268 shares of the business services provider’s stock worth $1,771,000 after purchasing an additional 29,331 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in Rollins by 19.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 10,690 shares of the business services provider’s stock worth $495,000 after purchasing an additional 1,767 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

ROL has been the topic of a number of research analyst reports. Barclays initiated coverage on Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Thursday, July 25th. Wells Fargo & Company upped their price objective 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Rollins currently has a consensus rating of “Hold” and an average target price of $49.83.

Rollins Stock Up 1.4 %

Shares of ROL opened at $50.88 on Tuesday. The stock has a market capitalization of $24.64 billion, a price-to-earnings ratio of 53.00 and a beta of 0.70. 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 business’s 50 day simple moving average is $49.52 and its 200-day simple moving average is $48.52. Rollins, Inc. has a 1 year low of $38.23 and a 1 year high of $51.96.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $916.27 million for 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 business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. As a group, equities analysts expect that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. This is an increase from Rollins’s previous quarterly dividend of $0.15. Rollins’s payout ratio is currently 68.75%.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the business’s stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.69% of the company’s stock.

Rollins Company 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.