iA Global Asset Management Inc. Has $1.22 Million Stock Position in Rollins, Inc. (NYSE:ROL)

iA Global Asset Management Inc. reduced its position in Rollins, Inc. (NYSE:ROL - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,410 shares of the business services provider's stock after selling 10,491 shares during the period. iA Global Asset Management Inc.'s holdings in Rollins were worth $1,224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Rollins in the 3rd quarter valued at $28,000. Centricity Wealth Management LLC acquired a new stake in shares of Rollins in the fourth quarter worth about $31,000. True Wealth Design LLC lifted its position in shares of Rollins by 4,272.2% in the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider's stock worth $40,000 after buying an additional 769 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Rollins by 57.8% during the 4th 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. Finally, Atala Financial Inc acquired a new position in shares of Rollins during the 4th quarter valued at about $47,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the transaction, the insider now owns 9,602 shares in the company, valued at $509,866.20. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Elizabeth B. Chandler sold 13,193 shares of the company'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 in the company, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,338 shares of company stock worth $945,882. Company insiders own 4.69% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group upped their target price on Rollins from $48.00 to $49.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Wells Fargo & Company upped their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a report 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 report on Monday, January 6th. Morgan Stanley boosted their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Finally, StockNews.com downgraded Rollins from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $52.00.

Rollins Stock Performance

NYSE ROL traded down $0.03 during midday trading on Tuesday, hitting $52.29. The company had a trading volume of 1,818,464 shares, compared to its average volume of 1,562,823. The firm has a fifty day simple moving average of $50.56 and a two-hundred day simple moving average of $49.50. Rollins, Inc. has a fifty-two week low of $41.72 and a fifty-two week high of $53.72. 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 stock has a market cap of $25.36 billion, a price-to-earnings ratio of 54.47 and a beta of 0.78.

Rollins (NYSE:ROL - Get Free Report) last released its 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 net margin of 13.76% and a return on equity of 37.94%. Equities analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, February 25th. Rollins's payout ratio 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.