Premier Fund Managers Ltd Has $64.93 Million Holdings in Rollins, Inc. (NYSE:ROL)

Premier Fund Managers Ltd boosted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 8.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,300,000 shares of the business services provider’s stock after acquiring an additional 100,000 shares during the period. Rollins comprises about 2.3% of Premier Fund Managers Ltd’s portfolio, making the stock its 10th largest position. Premier Fund Managers Ltd owned approximately 0.27% of Rollins worth $64,929,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Rollins by 0.6% during the first quarter. Vanguard Group Inc. now owns 32,438,440 shares of the business services provider’s stock valued at $1,500,927,000 after purchasing an additional 206,873 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Rollins by 4.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,991 shares of the business services provider’s stock valued at $694,000 after acquiring an additional 586 shares during the period. UniSuper Management Pty Ltd raised its position in shares of Rollins by 501.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 23,500 shares of the business services provider’s stock worth $1,087,000 after acquiring an additional 19,596 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Rollins by 11.6% in the 1st quarter. Bessemer Group Inc. now owns 33,426 shares of the business services provider’s stock worth $1,546,000 after acquiring an additional 3,463 shares in the last quarter. Finally, Natixis purchased a new stake in shares of Rollins during the 1st quarter worth $493,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling

In other news, insider Elizabeth B. Chandler sold 4,685 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $50.49, for a total value of $236,545.65. Following the sale, the insider now directly owns 84,653 shares of the company’s stock, valued at $4,274,129.97. This represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction 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 directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,120 shares of company stock worth $1,209,993 in the last 90 days. Insiders own 4.69% of the company’s stock.

Rollins Stock Performance

Shares of Rollins stock opened at $49.50 on Wednesday. The firm has a market capitalization of $23.97 billion, a P/E ratio of 51.56 and a beta of 0.70. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average price of $49.57 and a 200 day moving average price of $48.77. Rollins, Inc. has a 52 week low of $39.20 and a 52 week high of $52.16.

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 analysts’ expectations of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. Sell-side analysts expect that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.33%. This is an increase from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, November 12th. Rollins’s dividend payout ratio is presently 68.75%.

Wall Street Analyst Weigh In

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

Rollins 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.