Gladius Capital Management LP Has $963,000 Stock Holdings in Rollins, Inc. (NYSE:ROL)

Gladius Capital Management LP grew its stake in shares of Rollins, Inc. (NYSE:ROL) by 13.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,040 shares of the business services provider’s stock after purchasing an additional 2,278 shares during the period. Rollins makes up 0.1% of Gladius Capital Management LP’s investment portfolio, making the stock its 12th biggest holding. Gladius Capital Management LP’s holdings in Rollins were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiera Capital Corp bought a new stake in shares of Rollins during the third quarter valued at approximately $43,225,000. Cetera Investment Advisers increased its stake in Rollins by 4,697.4% during the 1st quarter. Cetera Investment Advisers now owns 324,109 shares of the business services provider’s stock valued at $14,997,000 after purchasing an additional 317,353 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Rollins by 350.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 368,521 shares of the business services provider’s stock worth $17,118,000 after buying an additional 286,780 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Rollins in the second quarter valued at $13,580,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Rollins by 185.0% during the second quarter. Assenagon Asset Management S.A. now owns 384,935 shares of the business services provider’s stock worth $18,781,000 after acquiring an additional 249,860 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ROL shares. Barclays began coverage on Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company increased their target price on shares of Rollins from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Rollins presently has an average rating of “Hold” and an average price target of $49.83.

Rollins Trading Down 0.4 %

NYSE ROL opened at $49.91 on Friday. The stock has a market capitalization of $24.17 billion, a price-to-earnings ratio of 51.99 and a beta of 0.70. The business’s fifty day moving average is $49.56 and its 200-day moving average is $48.67. 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, Inc. has a one year low of $39.03 and a one year high of $52.16.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The company had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. During the same period in the prior year, the firm posted $0.28 EPS. The business’s revenue was up 9.0% on a year-over-year basis. Equities research analysts predict that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.32%. This is a positive change from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, November 12th. Rollins’s dividend payout ratio is 68.75%.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 4,685 shares of the stock in a transaction dated 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 $4,274,129.97. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.69% of the company’s stock.

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.