Aigen Investment Management LP Makes New Investment in Rollins, Inc. (NYSE:ROL)

Aigen Investment Management LP purchased a new stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,020 shares of the business services provider's stock, valued at approximately $279,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Montrusco Bolton Investments Inc. raised its position in shares of Rollins by 14.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider's stock valued at $465,503,000 after purchasing an additional 1,154,722 shares during the period. Geode Capital Management LLC grew its stake in shares of Rollins by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider's stock worth $366,821,000 after buying an additional 157,619 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider's stock worth $115,323,000 after purchasing an additional 420,399 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Rollins by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider's stock worth $104,347,000 after purchasing an additional 83,326 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Rollins by 8.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider's stock valued at $103,471,000 after buying an additional 164,720 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

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Rollins Price Performance

NYSE:ROL traded down $0.36 during trading hours on Tuesday, reaching $51.92. 2,867,701 shares of the company were exchanged, compared to its average volume of 1,567,697. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The stock's 50-day moving average is $49.47 and its 200-day moving average is $49.39. The firm has a market cap of $25.14 billion, a PE ratio of 54.09 and a beta of 0.78. Rollins, Inc. has a twelve month low of $41.72 and a twelve month high of $53.72.

Rollins (NYSE:ROL - Get Free Report) last issued 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 net margin of 13.76% and a return on equity of 37.94%. On average, sell-side analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins's dividend payout ratio (DPR) is 68.75%.

Insider Activity

In related 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 value of $675,217.74. Following the completion of the sale, the insider now owns 76,526 shares of the company's stock, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the sale, the insider now directly owns 41,173 shares of the company's stock, valued at $2,131,937.94. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,338 shares of company stock worth $945,882 over the last three months. Insiders own 4.69% of the company's stock.

Analyst Ratings Changes

ROL has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. StockNews.com raised shares of Rollins from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. 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. Finally, Wells Fargo & Company upped their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Rollins currently has a consensus rating of "Hold" and an average target price of $52.00.

Rollins 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.