APG Asset Management N.V. Has $477.51 Million Stock Position in Rollins, Inc. (NYSE:ROL)

APG Asset Management N.V. lessened its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 34.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,668,041 shares of the business services provider's stock after selling 5,483,726 shares during the period. Rollins comprises 1.3% of APG Asset Management N.V.'s investment portfolio, making the stock its 9th biggest holding. APG Asset Management N.V. owned 2.20% of Rollins worth $477,512,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ROL. Norges Bank bought a new stake in Rollins in the 4th quarter worth about $176,784,000. Raymond James Financial Inc. purchased a new position in shares of Rollins in the 4th quarter worth approximately $74,249,000. Geode Capital Management LLC grew its holdings in shares of Rollins by 17.6% in the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock valued at $395,819,000 after acquiring an additional 1,282,508 shares in the last quarter. Invesco Ltd. increased its position in shares of Rollins by 16.9% during the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider's stock valued at $197,778,000 after acquiring an additional 617,876 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Rollins by 222.5% during the fourth quarter. Bank of Montreal Can now owns 745,955 shares of the business services provider's stock worth $34,575,000 after acquiring an additional 514,672 shares during the period. Institutional investors and hedge funds own 51.79% of the company's stock.

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Insiders Place Their Bets

In other 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 completion of the sale, the insider now directly owns 41,173 shares of the company's stock, valued at approximately $2,131,937.94. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction on 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 transaction, the insider now directly owns 76,526 shares in the company, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,259 shares of company stock worth $1,047,330 in the last ninety days. 4.47% of the stock is currently owned by insiders.

Rollins Price Performance

NYSE:ROL traded up $1.19 during mid-day trading on Friday, hitting $55.30. 3,977,777 shares of the stock traded hands, compared to its average volume of 1,716,271. The business's 50-day moving average price is $51.91 and its 200 day moving average price is $49.80. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The company has a market cap of $26.82 billion, a PE ratio of 57.60 and a beta of 0.80. Rollins, Inc. has a 12-month low of $41.72 and a 12-month high of $56.26.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. On average, analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were given a dividend of $0.165 per share. 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 68.75%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ROL shares. UBS Group boosted their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a report on Friday, January 17th. StockNews.com lowered Rollins from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Royal Bank of Canada reiterated an "outperform" rating and set a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. Canaccord Genuity Group boosted their price target on shares of Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Finally, Barclays lifted their price objective on shares of Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research note on Friday, April 4th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $52.83.

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.