Rollins, Inc. (NYSE:ROL) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 168.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,342 shares of the business services provider's stock after buying an additional 25,288 shares during the quarter. Commonwealth Equity Services LLC's holdings in Rollins were worth $1,870,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its position in Rollins by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider's stock valued at $366,821,000 after acquiring an additional 157,619 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 purchasing an additional 420,399 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Rollins by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider's stock worth $104,347,000 after purchasing an additional 83,326 shares during the last quarter. Bank of New York Mellon Corp increased 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 buying an additional 164,720 shares during the period. Finally, Eventide Asset Management LLC lifted its holdings in Rollins by 2.0% during the 3rd quarter. Eventide Asset Management LLC now owns 1,739,892 shares of the business services provider's stock valued at $88,004,000 after buying an additional 34,746 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ROL shares. StockNews.com downgraded shares of Rollins from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. UBS Group upped their target price on Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a report on Friday, January 17th. Morgan Stanley lifted their price objective on Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, Wells Fargo & Company increased their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $52.00.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the 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 transaction, the insider now directly owns 76,526 shares of the company's stock, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction that occurred on Monday, March 10th. The stock was 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 $2,131,937.94. This trade represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,338 shares of company stock worth $945,882. Insiders own 4.47% of the company's stock.

Rollins Stock Up 0.0 %

ROL stock traded up $0.02 during trading on Tuesday, reaching $54.05. 483,812 shares of the company traded hands, compared to its average volume of 1,653,404. The business has a 50 day simple moving average of $51.00 and a 200 day simple moving average of $49.59. Rollins, Inc. has a 12 month low of $41.72 and a 12 month high of $54.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The company has a market capitalization of $26.22 billion, a price-to-earnings ratio of 56.33 and a beta of 0.78.

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

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins's payout ratio is presently 68.75%.

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.