Barclays PLC Lowers Stock Holdings in Rollins, Inc. (NYSE:ROL)

Barclays PLC decreased its position in Rollins, Inc. (NYSE:ROL - Free Report) by 18.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 589,411 shares of the business services provider's stock after selling 132,056 shares during the quarter. Barclays PLC owned 0.12% of Rollins worth $27,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new position in Rollins during the 4th quarter worth approximately $29,000. Centricity Wealth Management LLC acquired a new stake in Rollins during the 4th quarter worth approximately $31,000. Mizuho Bank Ltd. purchased a new position in shares of Rollins in the fourth quarter valued at $37,000. Versant Capital Management Inc boosted its stake in shares of Rollins by 57.8% during the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider's stock valued at $41,000 after acquiring an additional 326 shares during the last quarter. Finally, Atala Financial Inc acquired a new position in Rollins during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 51.79% of the company's stock.

Insider Activity

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the sale, the insider now directly owns 41,173 shares in the company, valued at $2,131,937.94. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the insider now directly owns 9,602 shares in the company, valued at $509,866.20. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,259 shares of company stock worth $1,047,330. Insiders own 4.47% of the company's stock.

Rollins Stock Up 2.2 %

Shares of ROL traded up $1.23 during mid-day trading on Thursday, hitting $56.16. The company's stock had a trading volume of 1,440,058 shares, compared to its average volume of 1,710,594. 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 capitalization of $27.24 billion, a price-to-earnings ratio of 58.42 and a beta of 0.80. The company's 50-day moving average is $52.72 and its 200-day moving average is $50.10. Rollins, Inc. has a 52-week low of $42.34 and a 52-week high of $56.26.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. The company had revenue of $822.50 million for the quarter, compared to analysts' expectations of $817.09 million. Rollins had a return on equity of 37.94% and a net margin of 13.76%. On average, equities research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 12th will be issued a dividend of $0.165 per share. The ex-dividend date is Monday, May 12th. This represents a $0.66 annualized dividend and a yield of 1.18%. Rollins's payout ratio is 68.75%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ROL. Morgan Stanley upped their price target on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Barclays raised their price objective on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Friday, April 4th. UBS Group lifted their target price on Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Royal Bank of Canada boosted their target price on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Finally, Canaccord Genuity Group raised 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. Four equities 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, Rollins has an average rating of "Hold" and an average target price of $54.50.

About Rollins

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.