Resona Asset Management Co. Ltd. purchased a new stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 130,022 shares of the business services provider's stock, valued at approximately $6,031,000.
Other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new stake in Rollins in the 4th quarter worth $29,000. Centricity Wealth Management LLC purchased a new position in Rollins in the 4th quarter worth approximately $31,000. Versant Capital Management Inc lifted its holdings in Rollins by 57.8% in the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider's stock worth $41,000 after purchasing an additional 326 shares in the last quarter. Atala Financial Inc bought a new position in Rollins in the 4th quarter worth approximately $47,000. Finally, Headlands Technologies LLC grew its holdings in Rollins by 425.1% during the 4th quarter. Headlands Technologies LLC now owns 1,402 shares of the business services provider's stock valued at $65,000 after buying an additional 1,135 shares in the last quarter. Institutional investors own 51.79% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on ROL shares. StockNews.com lowered shares of Rollins from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Morgan Stanley increased their target price on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Canaccord Genuity Group boosted their target price on shares of Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. Finally, UBS Group boosted their price target on Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $52.83.
Get Our Latest Stock Report on Rollins
Rollins Stock Performance
ROL stock traded up $0.41 during trading on Monday, hitting $55.63. 222,567 shares of the company traded hands, compared to its average volume of 1,710,058. The stock's 50-day simple moving average is $51.91 and its 200 day simple moving average is $49.80. Rollins, Inc. has a 1 year low of $41.72 and a 1 year high of $56.26. The company has a market cap of $26.98 billion, a PE ratio of 57.95 and a beta of 0.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62.
Rollins (NYSE:ROL - Get Free Report) last posted its earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, meeting analysts' consensus estimates of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. On average, equities analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.
Rollins Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.19%. The ex-dividend date was Tuesday, February 25th. Rollins's payout ratio is presently 68.75%.
Insiders Place Their Bets
In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.78, for a total transaction of $99,469.38. Following the sale, the insider now owns 41,173 shares of the company's stock, valued at $2,131,937.94. The trade was a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Traci Hornfeck sold 3,224 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the sale, the insider now owns 9,602 shares of the company's stock, valued at $509,866.20. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,259 shares of company stock worth $1,047,330. Company insiders own 4.47% of the company's stock.
About Rollins
(
Free Report)
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.
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