Magnetar Financial LLC Invests $254,000 in Rollins, Inc. (NYSE:ROL)

Magnetar Financial LLC acquired a new stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,487 shares of the business services provider's stock, valued at approximately $254,000.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Rollins during the 4th quarter worth approximately $74,249,000. Point72 Asset Management L.P. purchased a new position in shares of Rollins in the third quarter worth $28,980,000. Allspring Global Investments Holdings LLC raised its holdings in Rollins by 96.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider's stock valued at $46,046,000 after buying an additional 490,183 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider's stock valued at $115,323,000 after buying an additional 420,399 shares during the period. Finally, Fiera Capital Corp increased its position in shares of Rollins by 32.3% in the fourth quarter. Fiera Capital Corp now owns 1,130,540 shares of the business services provider's stock valued at $52,401,000 after acquiring an additional 275,963 shares during the period. Institutional investors own 51.79% of the company's stock.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the transaction, the insider now owns 76,526 shares in the company, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 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 18,338 shares of company stock valued at $945,882. Insiders own 4.47% of the company's stock.

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Rollins Stock Up 1.4 %

Shares of NYSE ROL traded up $0.77 on Thursday, reaching $53.82. 1,645,920 shares of the company's stock traded hands, compared to its average volume of 1,565,531. The business's 50 day simple moving average is $50.68 and its two-hundred day simple moving average is $49.52. Rollins, Inc. has a 12 month low of $41.72 and a 12 month high of $53.97. The company has a market cap of $26.10 billion, a price-to-earnings ratio of 56.06 and a beta of 0.78. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (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%. As a group, equities research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.23%. Rollins's dividend payout ratio is currently 68.75%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Canaccord Genuity Group boosted their price target on Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a report on Friday, February 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 price target on shares of Rollins in a report on Monday, January 6th. UBS Group raised their target price on shares of Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. StockNews.com downgraded shares of Rollins from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Finally, Morgan Stanley lifted their price objective on Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $52.00.

Rollins Company Profile

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.