Dynamic Technology Lab Private Ltd Sells 21,081 Shares of Rollins, Inc. (NYSE:ROL)

Dynamic Technology Lab Private Ltd lowered its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 74.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,151 shares of the business services provider's stock after selling 21,081 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Rollins were worth $331,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Rollins by 17.6% in the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock worth $395,819,000 after acquiring an additional 1,282,508 shares during the last quarter. Norges Bank bought a new position in shares of Rollins during the 4th quarter worth about $176,784,000. JPMorgan Chase & Co. raised its position 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 buying an additional 420,399 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $104,347,000 after buying an additional 83,326 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Rollins by 8.0% during the fourth 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 in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

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Rollins Price Performance

NYSE:ROL traded down $0.20 on Tuesday, reaching $55.50. The stock had a trading volume of 246,020 shares, compared to its average volume of 1,709,819. The company has a market capitalization of $26.92 billion, a P/E ratio of 57.82 and a beta of 0.80. The stock has a fifty day moving average price of $52.04 and a 200-day moving average price of $49.84. The company has a quick ratio of 0.62, a current ratio of 0.69 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 $57.55.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 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%. Research 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 was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.19%. Rollins's dividend payout ratio is 68.75%.

Insider Buying and Selling

In other news, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the completion of the sale, the insider now directly owns 9,602 shares of the company's stock, valued at approximately $509,866.20. This trade represents a 25.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Elizabeth B. Chandler sold 13,193 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 76,526 shares in the company, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,259 shares of company stock worth $1,047,330 in the last 90 days. Corporate insiders own 4.47% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on ROL shares. Morgan Stanley raised their price objective on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. 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. StockNews.com lowered shares of Rollins from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Canaccord Genuity Group raised their price objective on shares of Rollins from $48.00 to $49.00 and gave the stock a "hold" rating in a report on Friday, February 14th. Finally, UBS Group upped their target price on shares of Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $52.83.

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.