Rollins, Inc. (NYSE:ROL) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC cut its position in Rollins, Inc. (NYSE:ROL - Free Report) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,205,133 shares of the business services provider's stock after selling 26,445 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 2.11% of Rollins worth $473,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Rollins by 17.6% during the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock valued at $395,819,000 after acquiring an additional 1,282,508 shares in the last quarter. Invesco Ltd. increased its holdings in Rollins by 16.9% during the 4th quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider's stock worth $197,778,000 after purchasing an additional 617,876 shares during the last quarter. Norges Bank acquired a new position in shares of Rollins in the 4th quarter valued at approximately $176,784,000. Marshall Wace LLP boosted its stake in shares of Rollins by 389.2% during the 4th quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider's stock valued at $128,396,000 after buying an additional 2,203,859 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Rollins by 11.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,519,333 shares of the business services provider's stock worth $116,774,000 after buying an additional 260,223 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Stock Performance

NYSE ROL traded up $0.65 during trading hours on Thursday, reaching $55.58. The company's stock had a trading volume of 3,360,329 shares, compared to its average volume of 1,717,685. The stock has a market cap of $26.96 billion, a PE ratio of 57.90 and a beta of 0.80. The business has a 50-day simple moving average of $52.72 and a 200 day simple moving average of $50.10. Rollins, Inc. has a 52 week low of $42.34 and a 52 week high of $56.29. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Equities research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Monday, May 12th. Rollins's dividend payout ratio (DPR) is 68.75%.

Insider Transactions at Rollins

In other news, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the sale, the insider now owns 76,526 shares of the company's stock, valued at approximately $3,916,600.68. The trade was a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $52.81, for a total value of $101,448.01. Following the completion of the transaction, the insider now directly owns 39,640 shares of the company's stock, valued at $2,093,388.40. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,259 shares of company stock worth $1,047,330. Insiders own 4.47% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. StockNews.com raised shares of Rollins from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. 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 report on Friday, January 17th. Morgan Stanley lifted their price target on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Canaccord Genuity Group upped their price objective on Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada lifted their target price on Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Rollins has an average rating of "Hold" and a consensus price target of $54.50.

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.