Geode Capital Management LLC Grows Stock Position in Rollins, Inc. (NYSE:ROL)

Geode Capital Management LLC increased its position in Rollins, Inc. (NYSE:ROL - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,557,923 shares of the business services provider's stock after purchasing an additional 1,282,508 shares during the period. Geode Capital Management LLC owned approximately 1.77% of Rollins worth $395,819,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Rollins during the fourth quarter valued at $29,000. Centricity Wealth Management LLC purchased a new position in shares of Rollins during the fourth quarter valued at approximately $31,000. Versant Capital Management Inc lifted its position in Rollins by 57.8% during the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider's stock valued at $41,000 after purchasing an additional 326 shares during the period. Atala Financial Inc purchased a new stake in Rollins in the fourth quarter worth approximately $47,000. Finally, SRS Capital Advisors Inc. grew its position in Rollins by 25.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider's stock worth $66,000 after purchasing an additional 292 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on ROL. UBS Group lifted their price objective on Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a report on Friday, January 17th. Morgan Stanley raised their price objective on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a 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. Barclays boosted their price target on Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Finally, Canaccord Genuity Group lifted their price target on shares of Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $52.83.

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Rollins Trading Down 0.3 %

ROL traded down $0.15 during trading on Thursday, reaching $52.96. The company had a trading volume of 708,154 shares, compared to its average volume of 1,930,688. Rollins, Inc. has a 52 week low of $41.72 and a 52 week high of $56.26. The stock has a market cap of $25.69 billion, a P/E ratio of 55.25 and a beta of 0.80. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The business has a 50 day simple moving average of $51.70 and a 200-day simple moving average of $49.75.

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

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.25%. Rollins's dividend payout ratio (DPR) is 68.75%.

Insider Buying and Selling at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the sale, the insider now owns 41,173 shares in the company, valued at $2,131,937.94. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Traci Hornfeck sold 3,224 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the sale, the insider now owns 9,602 shares in the company, valued at approximately $509,866.20. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,338 shares of company stock worth $945,882. 4.47% of the stock is owned by insiders.

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.