Convergence Financial LLC Makes New $549,000 Investment in Rollins, Inc. $ROL

Convergence Financial LLC acquired a new stake in shares of Rollins, Inc. (NYSE:ROL) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 18,226 shares of the business services provider’s stock, valued at approximately $549,000.

Several other large investors also recently bought and sold shares of ROL. Asset Management One Co. Ltd. boosted its holdings in shares of Rollins by 83.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 368,980 shares of the business services provider’s stock valued at $11,114,000 after acquiring an additional 168,261 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Rollins by 196.4% in the third quarter. Oppenheimer & Co. Inc. now owns 41,316 shares of the business services provider’s stock worth $1,244,000 after acquiring an additional 27,378 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in shares of Rollins by 20.8% during the third quarter. Bank Pictet & Cie Europe AG now owns 30,245 shares of the business services provider’s stock valued at $911,000 after purchasing an additional 5,200 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Rollins by 45.7% during the third quarter. V Square Quantitative Management LLC now owns 11,201 shares of the business services provider’s stock valued at $337,000 after purchasing an additional 3,511 shares during the last quarter. Finally, Wealth Enhancement Trust Services Inc. raised its holdings in shares of Rollins by 108.9% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 36,997 shares of the business services provider’s stock valued at $1,114,000 after purchasing an additional 19,287 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ROL has been the topic of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Rollins from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Raymond James Financial set a $35.00 target price on shares of Rollins in a research note on Thursday, July 23rd. The Goldman Sachs Group set a $42.00 price target on Rollins in a report on Thursday, October 22nd. Argus downgraded Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Barclays set a $45.00 price target on Rollins and gave the stock an “overweight” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.82.

Rollins Stock Up 3.7%

ROL opened at $34.74 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 0.35. Rollins, Inc. has a 1-year low of $29.28 and a 1-year high of $66.14. The company has a market capitalization of $16.61 billion, a PE ratio of 29.13, a PEG ratio of 3.79 and a beta of 0.73. The firm’s 50 day simple moving average is $33.56 and its two-hundred day simple moving average is $47.12.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, October 21st. The business services provider reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Rollins had a net margin of 13.19% and a return on equity of 39.43%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the company posted $0.35 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts forecast that Rollins, Inc. will post 1.14 EPS for the current year.

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. This is an increase from Rollins’s previous quarterly dividend of $0.1825. Rollins’s payout ratio is 66.97%.

About Rollins

Rollins, Inc is a provider of pest and termite control services for residential and commercial customers. The company offers protection against common pests such as ants, cockroaches, rodents, termites, mosquitoes and bedbugs, along with wildlife control and other specialty services.

Rollins serves customers through a portfolio of regional and international brands, including Orkin, the company’s best-known pest control business; HomeTeam Pest Defense; Western Pest Services; Critter Control; and other local and specialized operations.