Cibc World Markets Corp Increases Stake in Rollins, Inc. (NYSE:ROL)

Cibc World Markets Corp increased its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 15.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,750 shares of the business services provider's stock after purchasing an additional 6,021 shares during the quarter. Cibc World Markets Corp's holdings in Rollins were worth $2,074,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of Rollins in the 3rd quarter valued at about $28,000. Centricity Wealth Management LLC acquired a new position in shares of Rollins during the fourth quarter worth $31,000. True Wealth Design LLC lifted its holdings in shares of Rollins by 4,272.2% during the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider's stock valued at $40,000 after purchasing an additional 769 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Rollins by 57.8% in the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider's stock worth $41,000 after purchasing an additional 326 shares in the last quarter. Finally, Atala Financial Inc acquired a new position in Rollins during the 4th quarter valued at about $47,000. Institutional investors own 51.79% of the company's stock.

Insider Activity at Rollins

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the transaction, the insider now owns 9,602 shares in the company, valued at approximately $509,866.20. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Elizabeth B. Chandler sold 13,193 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 76,526 shares of the company's stock, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,338 shares of company stock worth $945,882. 4.69% of the stock is owned by company insiders.

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Analysts Set New Price Targets

Several equities research analysts have weighed in on ROL shares. Royal Bank of Canada reissued an "outperform" rating and issued a $52.00 price target on shares of Rollins in a report on Monday, January 6th. StockNews.com cut shares of Rollins from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Morgan Stanley upped their target price on Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. UBS Group lifted their price target on Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. Finally, Canaccord Genuity Group increased their price objective on Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $52.00.

Rollins Stock Performance

ROL traded up $0.70 during midday trading on Wednesday, hitting $53.03. 2,513,234 shares of the company were exchanged, compared to its average volume of 1,566,355. The firm has a market capitalization of $25.72 billion, a price-to-earnings ratio of 55.24 and a beta of 0.78. The company's 50 day simple moving average is $50.56 and its 200 day simple moving average is $49.50. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a 1-year low of $41.72 and a 1-year high of $53.80.

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

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins's dividend payout ratio (DPR) is presently 68.75%.

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.