Voya Financial Advisors Inc. Sells 5,215 Shares of Rollins, Inc. (NYSE:ROL)

Voya Financial Advisors Inc. trimmed its position in shares of Rollins, Inc. (NYSE:ROL) by 25.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,408 shares of the business services provider’s stock after selling 5,215 shares during the quarter. Voya Financial Advisors Inc.’s holdings in Rollins were worth $770,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. QRG Capital Management Inc. lifted its position in shares of Rollins by 4.7% during the 2nd quarter. QRG Capital Management Inc. now owns 4,547 shares of the business services provider’s stock worth $222,000 after buying an additional 203 shares in the last quarter. B.O.S.S. Retirement Advisors LLC increased its position in shares of Rollins by 4.9% during 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 acquiring an additional 212 shares during the last quarter. Mather Group LLC. lifted its holdings in Rollins by 8.8% during the third quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock worth $153,000 after acquiring an additional 246 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Rollins by 16.4% in the 2nd quarter. Federated Hermes Inc. now owns 1,766 shares of the business services provider’s stock worth $86,000 after buying an additional 249 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in shares of Rollins by 1.9% in the 3rd quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider’s stock worth $672,000 after buying an additional 252 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Performance

Shares of ROL stock opened at $48.85 on Friday. The firm’s 50 day moving average is $49.50 and its 200 day moving average is $49.05. The stock has a market capitalization of $23.66 billion, a P/E ratio of 50.89 and a beta of 0.72. Rollins, Inc. has a 12 month low of $40.41 and a 12 month high of $52.16. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) 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 analysts’ expectations of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. On average, sell-side analysts anticipate that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. Rollins’s payout ratio is presently 68.75%.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $50.49, for a total value of $236,545.65. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.

Analysts Set New Price Targets

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