Machina Capital S.A.S. Purchases 7,209 Shares of Rollins, Inc. (NYSE:ROL)

Machina Capital S.A.S. grew its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 96.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,686 shares of the business services provider's stock after buying an additional 7,209 shares during the quarter. Machina Capital S.A.S.'s holdings in Rollins were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROL. Raymond James Financial Inc. bought a new position in Rollins during the 4th quarter valued at $74,249,000. Montrusco Bolton Investments Inc. boosted its stake in Rollins by 14.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider's stock valued at $465,503,000 after purchasing an additional 1,154,722 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Rollins during the 3rd quarter valued at $28,980,000. Allspring Global Investments Holdings LLC boosted its stake in Rollins by 96.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider's stock valued at $46,046,000 after purchasing an additional 490,183 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider's stock valued at $115,323,000 after purchasing an additional 420,399 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

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Rollins Stock Down 0.7 %

NYSE:ROL traded down $0.36 during mid-day trading on Tuesday, reaching $51.92. The stock had a trading volume of 2,867,701 shares, compared to its average volume of 1,567,697. 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 stock has a market cap of $25.14 billion, a P/E ratio of 54.09 and a beta of 0.78. The business's 50 day moving average is $49.47 and its 200 day moving average is $49.39. Rollins, Inc. has a fifty-two week low of $41.72 and a fifty-two week high of $53.72.

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

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were paid 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 1.27%. Rollins's dividend payout ratio (DPR) is presently 68.75%.

Insider Activity 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 shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the transaction, the insider now owns 76,526 shares of the company's stock, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the transaction, 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. In the last ninety days, insiders have sold 18,338 shares of company stock valued at $945,882. Corporate insiders own 4.69% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ROL. StockNews.com raised Rollins from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. UBS Group raised their price objective on Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. Morgan Stanley raised their price objective on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Royal Bank of Canada reissued an "outperform" rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Finally, Wells Fargo & Company raised their price objective on Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $52.00.

About Rollins

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.