Bank of New York Mellon Corp Boosts Stock Position in Rollins, Inc. (NYSE:ROL)

Bank of New York Mellon Corp lifted its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,232,385 shares of the business services provider's stock after buying an additional 164,720 shares during the quarter. Bank of New York Mellon Corp owned about 0.46% of Rollins worth $103,471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Montrusco Bolton Investments Inc. raised its holdings in shares of Rollins by 14.0% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider's stock worth $465,503,000 after acquiring an additional 1,154,722 shares during the last quarter. Fiera Capital Corp purchased a new position in Rollins in the third quarter valued at about $43,225,000. Point72 Asset Management L.P. purchased a new stake in shares of Rollins during the 3rd quarter worth approximately $28,980,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Rollins by 96.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider's stock worth $46,046,000 after purchasing an additional 490,183 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider's stock valued at $115,323,000 after purchasing an additional 420,399 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ROL. Royal Bank of Canada reiterated an "outperform" rating and set a $52.00 price target on shares of Rollins in a research note on Monday, January 6th. Wells Fargo & Company boosted their target price on shares of Rollins from $56.00 to $58.00 and gave the company an "overweight" rating in a report on Monday, December 16th. UBS Group upped their price target on Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. StockNews.com upgraded shares of Rollins from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Canaccord Genuity Group upped their target price on Rollins from $48.00 to $49.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $52.00.

Rollins Stock Performance

NYSE:ROL traded up $0.10 during trading hours on Wednesday, reaching $52.62. The company had a trading volume of 1,390,443 shares, compared to its average volume of 1,561,901. Rollins, Inc. has a 52 week low of $41.72 and a 52 week high of $53.72. The firm's 50 day moving average price is $49.04 and its 200-day moving average price is $49.33. 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 firm has a market cap of $25.48 billion, a price-to-earnings ratio of 54.81 and a beta of 0.76.

Rollins (NYSE:ROL - Get Free Report) last posted its quarterly 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, analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Tuesday, February 25th. Rollins's payout ratio is 68.75%.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the sale, the insider now directly owns 76,526 shares in the company, valued at $3,916,600.68. This represents a 14.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Traci Hornfeck sold 3,224 shares of the firm's stock in a transaction that occurred on 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 approximately $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. Corporate insiders own 4.69% of the company's stock.

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.