112,425 Shares in Rollins, Inc. (NYSE:ROL) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 112,425 shares of the business services provider's stock, valued at approximately $5,211,000.

A number of other hedge funds have also modified their holdings of ROL. Geode Capital Management LLC boosted its position in Rollins by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider's stock worth $366,821,000 after acquiring an additional 157,619 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Rollins by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider's stock worth $115,323,000 after purchasing an additional 420,399 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Rollins by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider's stock worth $104,347,000 after acquiring an additional 83,326 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Rollins by 8.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider's stock valued at $103,471,000 after purchasing an additional 164,720 shares during the last quarter. Finally, Eventide Asset Management LLC grew its stake in Rollins by 2.0% in the third quarter. Eventide Asset Management LLC now owns 1,739,892 shares of the business services provider's stock valued at $88,004,000 after purchasing an additional 34,746 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

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Rollins Stock Performance

NYSE ROL traded down $0.74 during trading on Friday, reaching $53.04. The company's stock had a trading volume of 1,798,045 shares, compared to its average volume of 1,655,750. The firm has a 50 day moving average price of $50.88 and a 200 day moving average price of $49.56. Rollins, Inc. has a 12 month low of $41.72 and a 12 month high of $54.00. The firm has a market capitalization of $25.73 billion, a price-to-earnings ratio of 55.25 and a beta of 0.78. 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 issued its quarterly earnings results 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 return on equity of 37.94% and a net margin of 13.76%. As a group, equities analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently announced 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 1.24%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins's dividend payout ratio (DPR) is currently 68.75%.

Insider Buying and Selling

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elizabeth B. Chandler sold 13,193 shares of the firm's stock in a transaction 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 directly owns 76,526 shares in the company, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,338 shares of company stock worth $945,882. Company insiders own 4.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ROL. UBS Group increased their price objective on Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Wells Fargo & Company raised their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. StockNews.com downgraded shares of Rollins from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Canaccord Genuity Group raised their price objective on shares of Rollins from $48.00 to $49.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Rollins currently has an average rating of "Hold" and a consensus price target of $52.00.

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.