17,201 Shares in Rollins, Inc. (NYSE:ROL) Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd bought a new position in shares of Rollins, Inc. (NYSE:ROL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,201 shares of the business services provider's stock, valued at approximately $796,000.

Other institutional investors have also made changes to their positions in the company. Montrusco Bolton Investments Inc. increased its holdings in Rollins by 14.0% in 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 during the last quarter. Geode Capital Management LLC boosted its holdings 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 valued at $366,821,000 after acquiring an additional 157,619 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 420,399 shares during the period. Charles Schwab Investment Management Inc. grew its position in Rollins by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider's stock valued at $109,655,000 after acquiring an additional 31,458 shares in the last quarter. Finally, Eventide Asset Management LLC increased its stake in Rollins by 2.0% during the third quarter. Eventide Asset Management LLC now owns 1,739,892 shares of the business services provider's stock worth $88,004,000 after purchasing an additional 34,746 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Down 1.1 %

NYSE:ROL traded down $0.56 during midday trading on Tuesday, hitting $49.10. 1,159,576 shares of the company were exchanged, compared to its average volume of 1,573,299. Rollins, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $52.16. The company has a market capitalization of $23.78 billion, a PE ratio of 51.14 and a beta of 0.76. 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 simple moving average of $48.04 and a 200 day simple moving average of $48.91.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.34%. The ex-dividend date is Tuesday, February 25th. Rollins's dividend payout ratio is presently 68.75%.

Analysts Set New Price Targets

ROL has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on shares of Rollins from $56.00 to $58.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Barclays assumed coverage on Rollins in a research note on Monday, November 4th. They issued an "equal weight" rating and a $50.00 price objective on the stock. Canaccord Genuity Group began coverage on Rollins in a research report on Tuesday, January 7th. They issued a "hold" rating and a $48.00 price target on the stock. Morgan Stanley boosted their price objective on Rollins from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 price target on shares of Rollins in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Rollins presently has a consensus rating of "Hold" and an average target price of $51.50.

Insiders Place Their Bets

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 stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.69% of the stock is owned by insiders.

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.