Vestmark Advisory Solutions Inc. Increases Position in Rollins, Inc. (NYSE:ROL)

Vestmark Advisory Solutions Inc. raised its position in Rollins, Inc. (NYSE:ROL) by 227.5% during the third quarter, Holdings Channel reports. The firm owned 24,965 shares of the business services provider’s stock after buying an additional 17,342 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Rollins were worth $851,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its position in Rollins by 782.7% in the second quarter. CWM LLC now owns 1,324 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 1,174 shares during the period. Tompkins Financial Corp increased its position in shares of Rollins by 1,490.6% during the second quarter. Tompkins Financial Corp now owns 1,527 shares of the business services provider’s stock worth $55,000 after acquiring an additional 1,431 shares during the period. CSat Investment Advisory L.P. increased its position in shares of Rollins by 70.6% during the second quarter. CSat Investment Advisory L.P. now owns 2,074 shares of the business services provider’s stock worth $75,000 after acquiring an additional 858 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Rollins during the third quarter worth $97,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Rollins by 2,219.0% during the third quarter. Tower Research Capital LLC TRC now owns 3,896 shares of the business services provider’s stock worth $133,000 after acquiring an additional 3,728 shares during the period. 42.31% of the stock is currently owned by institutional investors.

Shares of Rollins stock traded down $0.06 during trading hours on Wednesday, reaching $37.44. 2,545,176 shares of the company were exchanged, compared to its average volume of 1,333,319. Rollins, Inc. has a 1 year low of $31.36 and a 1 year high of $43.91. The stock’s fifty day moving average is $36.16 and its 200 day moving average is $35.89. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.75 and a current ratio of 0.79. The firm has a market cap of $12.67 billion, a PE ratio of 52.73 and a beta of 0.34.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Rollins had a return on equity of 31.20% and a net margin of 10.42%. The business had revenue of $556.50 million for the quarter, compared to analyst estimates of $547.92 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. Research analysts expect that Rollins, Inc. will post 0.73 earnings per share for the current year.

The business also recently disclosed a None dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 11th will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, November 7th. Rollins’s dividend payout ratio is currently 59.15%.

A number of analysts have recently weighed in on ROL shares. Zacks Investment Research raised Rollins from a “sell” rating to a “hold” rating and set a $41.00 price objective on the stock in a research report on Thursday, October 24th. Royal Bank of Canada started coverage on Rollins in a research report on Tuesday, October 8th. They set a “sector perform” rating and a $34.00 price objective on the stock. Finally, Stifel Nicolaus raised Rollins from a “sell” rating to a “hold” rating and upped their price objective for the stock from $28.50 to $34.00 in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Rollins has a consensus rating of “Hold” and an average price target of $38.18.

About Rollins

Rollins, Inc, through its subsidiaries, provides pest and termite control services to residential and commercial customers. It offers protection against termite damage, rodents, and insects to homes and businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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