MGO One Seven LLC Sells 46,699 Shares of Rollins, Inc. $ROL

Key Points

• MGO One Seven cut its Rollins stake by 83.7% in the third quarter, selling 46,699 shares and ending the period with 9,065 shares worth about $273,000. Institutional investors collectively own 51.79% of the company.
• Rollins reported quarterly EPS of $0.34, matching estimates, while revenue of $1.09 billion fell short of expectations but rose 6.2% year over year. The company raised its quarterly dividend from $0.1825 to $0.20 per share.
• Analyst sentiment was broadly neutral: the stock carries a consensus “Hold” rating and an average price target of $40.56.

MGO One Seven LLC decreased its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 83.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 9,065 shares of the business services provider's stock after selling 46,699 shares during the period. MGO One Seven LLC's holdings in Rollins were worth $273,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Americana Partners LLC bought a new position in Rollins in the third quarter worth $319,000. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Rollins by 137.7% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,236 shares of the business services provider's stock valued at $37,000 after purchasing an additional 716 shares in the last quarter. Convergence Financial LLC purchased a new position in shares of Rollins during the third quarter valued at approximately $549,000. Asset Management One Co. Ltd. grew its stake in shares of Rollins by 83.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 368,980 shares of the business services provider's stock worth $11,114,000 after buying an additional 168,261 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Rollins by 196.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 41,316 shares of the business services provider's stock worth $1,244,000 after buying an additional 27,378 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Price Performance

Shares of ROL opened at $38.63 on Tuesday. The firm has a fifty day simple moving average of $33.68 and a two-hundred day simple moving average of $46.25. The firm has a market cap of $18.47 billion, a PE ratio of 33.37, a P/E/G ratio of 4.34 and a beta of 0.73. 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.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The business services provider reported $0.34 EPS for the quarter, meeting analysts' consensus estimates of $0.34. The company had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.11 billion. Rollins had a return on equity of 39.43% and a net margin of 13.19%. Rollins's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, equities analysts anticipate that Rollins, Inc. will post 1.14 EPS for the current year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Tuesday, November 10th will be given a $0.20 dividend. The ex-dividend date is Tuesday, November 10th. This is a boost from Rollins's previous quarterly dividend of $0.1825. This represents a $0.80 annualized dividend and a yield of 2.1%. Rollins's payout ratio is 66.97%.

Wall Street Analysts Forecast Growth

ROL has been the topic of a number of recent research reports. Wells Fargo & Company increased their target price on Rollins from $26.00 to $30.00 and gave the stock an "underweight" rating in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Rollins from $40.00 to $35.00 and set a "neutral" rating for the company in a research note on Tuesday, October 13th. Morgan Stanley dropped their target price on shares of Rollins from $45.00 to $43.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 13th. Canaccord Genuity Group set a $33.00 price target on shares of Rollins and gave the company a "hold" rating in a research report on Friday, October 23rd. Finally, Royal Bank Of Canada cut Rollins from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $52.00 to $40.00 in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $40.56.

Rollins Company Profile

Rollins, Inc is a global provider of pest and termite control services for residential and commercial customers. Its services include inspections, prevention and treatment for common household and business pests, as well as termite protection, mosquito control and wildlife removal.

The company operates through brands including Orkin, HomeTeam Pest Defense and Clark Pest Control. Founded in 1948, Rollins expanded into pest control with its 1964 acquisition of Orkin, which remains one of its best-known brands.

Based in Atlanta, Georgia, Rollins serves customers across the United States and in international markets.

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