Markel Corp Boosts Holdings in Rollins, Inc. (ROL)

Markel Corp boosted its position in shares of Rollins, Inc. (NYSE:ROL) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 443,700 shares of the business services provider’s stock after buying an additional 30,000 shares during the period. Markel Corp owned 0.20% of Rollins worth $20,472,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ROL. BlackRock Inc. increased its stake in Rollins by 13,047.7% during the 1st quarter. BlackRock Inc. now owns 7,575,422 shares of the business services provider’s stock worth $281,276,000 after buying an additional 7,517,804 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Rollins during the 2nd quarter worth approximately $64,889,000. Vanguard Group Inc. increased its stake in Rollins by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 9,709,860 shares of the business services provider’s stock worth $360,527,000 after buying an additional 647,641 shares in the last quarter. State Street Corp increased its stake in Rollins by 22.0% during the 2nd quarter. State Street Corp now owns 3,057,753 shares of the business services provider’s stock worth $124,482,000 after buying an additional 551,185 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Rollins by 38.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,142,621 shares of the business services provider’s stock worth $46,516,000 after buying an additional 314,410 shares in the last quarter. Institutional investors own 37.19% of the company’s stock.

In other news, insider John F. Wilson sold 12,876 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $44.60, for a total transaction of $574,269.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 56.30% of the company’s stock.

Rollins, Inc. (NYSE:ROL) traded up 1.13% during midday trading on Tuesday, hitting $43.72. The stock had a trading volume of 258,081 shares. The firm has a market cap of $9.53 billion, a P/E ratio of 52.48 and a beta of 0.31. Rollins, Inc. has a 12-month low of $30.33 and a 12-month high of $48.29. The stock has a 50-day moving average price of $45.75 and a 200 day moving average price of $42.95.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01). Rollins had a return on equity of 29.60% and a net margin of 11.15%. The business had revenue of $450.40 million for the quarter, compared to analysts’ expectations of $449.92 million. During the same period last year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts anticipate that Rollins, Inc. will post $0.85 earnings per share for the current fiscal year.

The firm also recently disclosed a special dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 10th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, November 9th. This represents a dividend yield of 1.04%. Rollins’s dividend payout ratio (DPR) is 54.76%.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Rollins from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Saturday, July 29th. BidaskClub lowered Rollins from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, KeyCorp restated a “hold” rating on shares of Rollins in a research report on Sunday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Rollins currently has an average rating of “Buy” and a consensus price target of $44.67.

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About Rollins

Rollins, Inc is a service company, which operates in pest and termite control business segment. The Company, through its subsidiaries, provides its services to both residential and commercial customers in North America, Australia, and Europe with international franchises in Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Canada, Australia, and Mexico.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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