KBC Group NV Purchases 99,990 Shares of Rollins, Inc. (NYSE:ROL)

KBC Group NV lifted its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 68.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 247,082 shares of the business services provider's stock after buying an additional 99,990 shares during the period. KBC Group NV owned about 0.05% of Rollins worth $11,452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brooklyn Investment Group acquired a new stake in Rollins in the 3rd quarter valued at about $28,000. True Wealth Design LLC increased its holdings 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 valued at $40,000 after purchasing an additional 769 shares in the last quarter. Versant Capital Management Inc raised its position in Rollins by 57.8% in the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider's stock worth $41,000 after purchasing an additional 326 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Rollins during the 3rd quarter worth $52,000. Finally, Intact Investment Management Inc. bought a new position in Rollins in the 3rd quarter valued at $71,000. Institutional investors own 51.79% of the company's stock.

Analyst Ratings Changes

ROL has been the topic of several research reports. UBS Group upped their price target on Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Morgan Stanley upped their target price on shares of Rollins from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. StockNews.com cut shares of Rollins from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Canaccord Genuity Group assumed coverage on shares of Rollins in a report on Tuesday, January 7th. They issued a "hold" rating and a $48.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $51.50.

Insider Activity

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction that occurred 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 directly owns 124,214 shares in the company, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.69% of the stock is currently owned by company insiders.

Rollins Trading Up 1.6 %

Shares of ROL stock traded up $0.78 on Thursday, hitting $49.53. The stock had a trading volume of 450,556 shares, compared to its average volume of 1,534,871. The firm has a market cap of $23.99 billion, a P/E ratio of 51.61 and a beta of 0.75. Rollins, Inc. has a twelve month low of $40.41 and a twelve month high of $52.16. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average price of $48.14 and a two-hundred day moving average price of $48.90.

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 dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, February 25th. Rollins's dividend payout ratio is currently 68.75%.

Rollins Company 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.