Manning & Napier Advisors LLC Cuts Position in Rollins, Inc. (NYSE:ROL)

Manning & Napier Advisors LLC lowered its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 268,055 shares of the business services provider's stock after selling 9,254 shares during the period. Manning & Napier Advisors LLC owned approximately 0.06% of Rollins worth $12,424,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Montrusco Bolton Investments Inc. boosted its position in shares of Rollins by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider's stock valued at $465,503,000 after acquiring an additional 1,154,722 shares during the period. Fiera Capital Corp purchased a new stake in Rollins in the 3rd quarter worth approximately $43,225,000. Point72 Asset Management L.P. purchased a new stake in Rollins in the 3rd quarter worth approximately $28,980,000. JPMorgan Chase & Co. boosted its holdings in Rollins by 22.6% in 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 during the period. Finally, SG Americas Securities LLC grew its position in shares of Rollins by 535.2% during the 4th quarter. SG Americas Securities LLC now owns 261,379 shares of the business services provider's stock valued at $12,115,000 after purchasing an additional 220,230 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Trading Up 1.7 %

Shares of NYSE:ROL traded up $0.81 during midday trading on Thursday, hitting $49.56. 353,371 shares of the stock traded hands, compared to its average volume of 1,528,857. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $24.00 billion, a PE ratio of 51.59 and a beta of 0.75. Rollins, Inc. has a one year low of $40.41 and a one year high of $52.16. The business's 50 day moving average is $48.14 and its two-hundred day moving average is $48.90.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins's dividend payout ratio (DPR) is currently 68.75%.

Insider Transactions at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the sale, the insider now directly owns 124,214 shares of the company's stock, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ROL shares. Royal Bank of Canada reiterated an "outperform" rating and set a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. Morgan Stanley increased their target price on Rollins from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Barclays assumed coverage on Rollins in a research note on Monday, November 4th. They set an "equal weight" rating and a $50.00 price target for the company. UBS Group increased their price objective on Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. Finally, StockNews.com downgraded Rollins from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Rollins presently has a consensus rating of "Hold" and a consensus target price of $51.50.

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.