Exchange Traded Concepts LLC Buys 20,354 Shares of Rollins, Inc. (NYSE:ROL)

Exchange Traded Concepts LLC grew its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 203.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,382 shares of the business services provider's stock after purchasing an additional 20,354 shares during the period. Exchange Traded Concepts LLC's holdings in Rollins were worth $1,408,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ROL. Brooklyn Investment Group purchased a new stake in Rollins in the 3rd quarter worth approximately $28,000. True Wealth Design LLC raised its holdings in shares of Rollins by 4,272.2% during the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider's stock worth $40,000 after acquiring an additional 769 shares in the last quarter. Versant Capital Management Inc raised its holdings 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 worth $41,000 after acquiring an additional 326 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Rollins during the third quarter valued at $52,000. Finally, Intact Investment Management Inc. purchased a new position in Rollins in the third quarter valued at about $71,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Performance

Shares of Rollins stock traded down $0.16 on Tuesday, reaching $49.35. The stock had a trading volume of 2,054,592 shares, compared to its average volume of 1,603,051. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. The business's 50-day moving average price is $48.15 and its two-hundred day moving average price is $48.90. The stock has a market cap of $23.90 billion, a P/E ratio of 51.40 and a beta of 0.75. Rollins, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $52.16.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Tuesday, February 25th. Rollins's dividend payout ratio is currently 68.75%.

Insider Transactions at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the sale, the insider now owns 124,214 shares in the company, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ROL. Wells Fargo & Company raised their price target on Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. UBS Group increased their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. Barclays initiated coverage on shares of Rollins in a report on Monday, November 4th. They set an "equal weight" rating and a $50.00 price target on the stock. Finally, Morgan Stanley upped their price objective on shares of Rollins from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $51.50.

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.