Charles Schwab Investment Management Inc. Raises Stock Holdings in Rollins, Inc. (NYSE:ROL)

Charles Schwab Investment Management Inc. lifted its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,251,275 shares of the business services provider's stock after purchasing an additional 83,326 shares during the period. Charles Schwab Investment Management Inc. owned 0.46% of Rollins worth $104,347,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Montrusco Bolton Investments Inc. grew its position 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 buying an additional 1,154,722 shares during the period. Geode Capital Management LLC increased its stake in shares of Rollins by 2.2% during the third quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider's stock valued at $366,821,000 after buying an additional 157,619 shares during the period. JPMorgan Chase & Co. lifted its position in Rollins by 22.6% during 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 acquiring an additional 420,399 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Rollins by 8.0% in the 4th quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider's stock worth $103,471,000 after acquiring an additional 164,720 shares during the last quarter. Finally, Eventide Asset Management LLC grew its holdings in Rollins by 2.0% during the third quarter. Eventide Asset Management LLC now owns 1,739,892 shares of the business services provider's stock worth $88,004,000 after acquiring an additional 34,746 shares during the period. Hedge funds and other institutional investors own 51.79% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 target price on shares of Rollins in a report on Monday, January 6th. Canaccord Genuity Group raised their price objective 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. StockNews.com upgraded shares of Rollins from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Morgan Stanley increased 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. Finally, Wells Fargo & Company upped their target price on shares of Rollins from $56.00 to $58.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $52.00.

Rollins Stock Down 0.5 %

Shares of NYSE ROL traded down $0.24 during mid-day trading on Tuesday, hitting $52.04. The company had a trading volume of 792,224 shares, compared to its average volume of 1,560,927. 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 50-day simple moving average of $49.36 and a two-hundred day simple moving average of $49.38. The company has a market capitalization of $25.20 billion, a PE ratio of 54.24 and a beta of 0.78. Rollins, Inc. has a one year low of $41.72 and a one year high of $53.72.

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

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.27%. Rollins's dividend payout ratio (DPR) is presently 68.75%.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the business's stock in a transaction on 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 $3,916,600.68. The trade was a 14.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the 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 owns 41,173 shares of the company's stock, valued at approximately $2,131,937.94. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,338 shares of company stock worth $945,882. Insiders own 4.69% of the company's stock.

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.