JPMorgan Chase & Co. Trims Stock Position in Rollins, Inc. (NYSE:ROL)

JPMorgan Chase & Co. decreased its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,917,936 shares of the business services provider's stock after selling 362,069 shares during the quarter. JPMorgan Chase & Co. owned 0.40% of Rollins worth $88,896,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Eastern Bank raised its position in Rollins by 0.5% in the 4th quarter. Eastern Bank now owns 50,410 shares of the business services provider's stock worth $2,337,000 after buying an additional 236 shares during the last quarter. Kensington Investment Counsel LLC grew its stake in shares of Rollins by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider's stock worth $1,767,000 after acquiring an additional 263 shares during the period. New York Life Investment Management LLC raised its holdings in shares of Rollins by 0.7% during the fourth quarter. New York Life Investment Management LLC now owns 37,794 shares of the business services provider's stock valued at $1,752,000 after purchasing an additional 274 shares during the last quarter. Motley Fool Asset Management LLC boosted its holdings in Rollins by 3.0% in the third quarter. Motley Fool Asset Management LLC now owns 10,072 shares of the business services provider's stock worth $509,000 after purchasing an additional 289 shares during the last quarter. 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. Hedge funds and other institutional investors own 51.79% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Rollins from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Wells Fargo & Company increased their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. UBS Group lifted their target price on Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. Barclays upped their price target on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, Canaccord Genuity Group lifted their price objective on Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Rollins currently has an average rating of "Hold" and a consensus price target of $52.83.

Insider Transactions at Rollins

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 Traci Hornfeck sold 3,224 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the sale, the insider now directly 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. Insiders sold 18,338 shares of company stock valued at $945,882 in the last quarter. 4.47% of the stock is currently owned by corporate insiders.

Rollins Stock Down 0.5 %

ROL stock traded down $0.26 during trading on Tuesday, hitting $50.69. 2,758,725 shares of the company's stock traded hands, compared to its average volume of 1,696,368. The firm has a market capitalization of $24.59 billion, a P/E ratio of 52.80 and a beta of 0.80. Rollins, Inc. has a 1 year low of $41.72 and a 1 year high of $56.26. 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 fifty day simple moving average of $51.56 and a two-hundred day simple moving average of $49.71.

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

Rollins Announces Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.30%. Rollins's dividend 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.