LPL Financial LLC Boosts Holdings in Rollins, Inc. (NYSE:ROL)

LPL Financial LLC boosted its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 18.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,428 shares of the business services provider's stock after buying an additional 51,304 shares during the quarter. LPL Financial LLC owned 0.07% of Rollins worth $14,945,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Eastern Bank grew its stake in Rollins by 0.5% during the 4th quarter. Eastern Bank now owns 50,410 shares of the business services provider's stock worth $2,337,000 after purchasing an additional 236 shares in the last quarter. Kensington Investment Counsel LLC boosted its stake in shares of Rollins by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider's stock valued at $1,767,000 after buying an additional 263 shares during the period. New York Life Investment Management LLC grew its position 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 worth $1,752,000 after buying an additional 274 shares in the last quarter. Motley Fool Asset Management LLC increased its stake in shares of Rollins by 3.0% during the third quarter. Motley Fool Asset Management LLC now owns 10,072 shares of the business services provider's stock worth $509,000 after buying an additional 289 shares during the period. Finally, SRS Capital Advisors Inc. raised its holdings in Rollins by 25.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider's stock valued at $66,000 after acquiring an additional 292 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.78, for a total transaction of $99,469.38. Following the sale, the insider now directly owns 41,173 shares in the company, valued at approximately $2,131,937.94. The trade was a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Traci Hornfeck sold 3,224 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 9,602 shares in the company, valued at approximately $509,866.20. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,338 shares of company stock valued at $945,882. 4.47% of the stock is owned by corporate insiders.

Rollins Stock Performance

Shares of ROL stock traded down $3.75 during midday trading on Friday, hitting $52.15. The company had a trading volume of 4,217,701 shares, compared to its average volume of 1,680,404. The stock has a market cap of $25.29 billion, a price-to-earnings ratio of 54.32 and a beta of 0.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The company's 50 day simple moving average is $51.46 and its 200 day simple moving average is $49.69. Rollins, Inc. has a 52-week low of $41.72 and a 52-week high of $56.26.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data 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 net margin of 13.76% and a return on equity of 37.94%. Research analysts anticipate 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. Investors of record on Tuesday, February 25th were given a $0.165 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.27%. Rollins's payout ratio is currently 68.75%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ROL shares. StockNews.com cut shares of Rollins from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. UBS Group boosted their target price on shares of Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a research note 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 report on Friday, February 14th. Canaccord Genuity Group increased their price objective on Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a report on Friday, February 14th. Finally, Barclays boosted their target price on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Friday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $52.83.

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.