AGF Management Ltd. Sells 11,168 Shares of Rollins, Inc. (NYSE:ROL)

AGF Management Ltd. decreased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,570 shares of the business services provider’s stock after selling 11,168 shares during the period. AGF Management Ltd.’s holdings in Rollins were worth $3,751,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Rollins in the 4th quarter valued at $84,675,000. Durable Capital Partners LP bought a new stake in Rollins in the first quarter valued at $61,799,000. Morgan Stanley raised its holdings in shares of Rollins by 78.8% during the fourth quarter. Morgan Stanley now owns 3,221,759 shares of the business services provider’s stock valued at $117,723,000 after purchasing an additional 1,419,569 shares during the period. Millennium Management LLC boosted its position in shares of Rollins by 97.8% during the 4th quarter. Millennium Management LLC now owns 2,693,672 shares of the business services provider’s stock worth $98,427,000 after purchasing an additional 1,331,911 shares in the last quarter. Finally, Ardevora Asset Management LLP acquired a new stake in shares of Rollins in the 2nd quarter valued at about $35,056,000. Institutional investors and hedge funds own 38.98% of the company’s stock.

Rollins Stock Down 1.1 %

ROL opened at $39.03 on Thursday. Rollins, Inc. has a fifty-two week low of $32.19 and a fifty-two week high of $45.04. The firm has a market capitalization of $18.89 billion, a P/E ratio of 47.02, a PEG ratio of 2.95 and a beta of 0.67. The company’s 50-day moving average is $36.72 and its 200 day moving average is $39.76. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.76.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, October 25th. The business services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $840.43 million for the quarter, compared to analysts’ expectations of $824.35 million. Rollins had a net margin of 13.77% and a return on equity of 33.81%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 EPS. Research analysts expect that Rollins, Inc. will post 0.89 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, November 9th. This is an increase from Rollins’s previous quarterly dividend of $0.13. Rollins’s dividend payout ratio is 72.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com initiated coverage on Rollins in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Stifel Nicolaus raised Rollins from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Friday, October 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Monday, August 14th. Finally, TheStreet downgraded shares of Rollins from a “b” rating to a “c+” rating in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Rollins has an average rating of “Moderate Buy” and an average target price of $50.20.

Insider Activity

In other Rollins news, major shareholder Randall Rollins Voting Trus R. sold 44,509,814 shares of Rollins stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $34.39, for a total value of $1,530,692,503.46. Following the sale, the insider now owns 164,581,449 shares of the company’s stock, valued at $5,659,956,031.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Randall Rollins Voting Trus R. sold 44,509,814 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $34.39, for a total value of $1,530,692,503.46. Following the transaction, the insider now owns 164,581,449 shares in the company, valued at $5,659,956,031.11. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jerry Jr. Gahlhoff sold 7,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $38.00, for a total value of $266,000.00. Following the completion of the sale, the chief executive officer now directly owns 225,091 shares of the company’s stock, valued at $8,553,458. The disclosure for this sale can be found here. Insiders own 4.70% 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.