Zurcher Kantonalbank Zurich Cantonalbank Purchases 9,380 Shares of Rollins, Inc. (NYSE:ROL)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 16.8% during the third quarter, Holdings Channel.com reports. The fund owned 65,252 shares of the business services provider’s stock after purchasing an additional 9,380 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Rollins were worth $3,300,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ROL. Tidal Investments LLC lifted its position in shares of Rollins by 26.6% during the 1st quarter. Tidal Investments LLC now owns 13,595 shares of the business services provider’s stock valued at $629,000 after acquiring an additional 2,860 shares during the period. Cetera Advisors LLC bought a new stake in Rollins during the first quarter worth about $319,000. DNB Asset Management AS lifted its position in Rollins by 11.0% during the second quarter. DNB Asset Management AS now owns 59,638 shares of the business services provider’s stock worth $2,910,000 after purchasing an additional 5,912 shares during the period. Mather Group LLC. lifted its position in Rollins by 18.1% during the second quarter. Mather Group LLC. now owns 2,781 shares of the business services provider’s stock worth $129,000 after purchasing an additional 427 shares during the period. Finally, Park Avenue Securities LLC lifted its position in Rollins by 2.1% during the second quarter. Park Avenue Securities LLC now owns 19,186 shares of the business services provider’s stock worth $936,000 after purchasing an additional 396 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Barclays started coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price for the company. Finally, Wells Fargo & Company increased their target price on shares of Rollins from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $49.83.

Insider Activity at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total transaction of $236,545.65. Following the completion of the transaction, the insider now owns 84,653 shares in the company, valued at approximately $4,274,129.97. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their position. The disclosure for this sale can be found here. 4.69% of the stock is owned by company insiders.

Rollins Stock Down 0.4 %

Shares of NYSE ROL opened at $49.66 on Wednesday. The company has a 50 day simple moving average of $49.54 and a 200 day simple moving average of $49.05. The firm has a market cap of $24.05 billion, a PE ratio of 51.73 and a beta of 0.72. Rollins, Inc. has a 1 year low of $40.41 and a 1 year high of $52.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $916.27 million during 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 firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. On average, research analysts forecast that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio (DPR) is 68.75%.

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.