National Bank of Canada FI Sells 13,281 Shares of Rollins, Inc. (NYSE:ROL)

National Bank of Canada FI lessened its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,678 shares of the business services provider's stock after selling 13,281 shares during the quarter. National Bank of Canada FI's holdings in Rollins were worth $7,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Rollins by 2.2% in the third quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider's stock worth $366,821,000 after buying an additional 157,619 shares during the period. Norges Bank purchased a new stake in shares of Rollins during the fourth quarter valued at approximately $176,784,000. JPMorgan Chase & Co. grew its holdings in shares of Rollins by 22.6% in 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 4th quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider's stock valued at $104,347,000 after buying an additional 83,326 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Rollins by 8.0% during the 4th 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 buying an additional 164,720 shares during the period. 51.79% of the stock is owned by institutional investors.

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Insider Activity at Rollins

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $51.18, for a total value of $675,217.74. Following the completion of the transaction, the insider now owns 76,526 shares in the company, valued at $3,916,600.68. The trade was a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the transaction, the insider now directly owns 41,173 shares of the company's stock, valued at approximately $2,131,937.94. This trade represents a 4.46 % 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. 4.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ROL. UBS Group boosted their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. Royal Bank of Canada reissued an "outperform" rating and set a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Wells Fargo & Company lifted their price target 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 upped their price objective on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. Finally, StockNews.com cut shares of Rollins from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $52.83.

Rollins Stock Up 0.3 %

NYSE:ROL traded up $0.18 during mid-day trading on Thursday, hitting $53.29. 597,476 shares of the company's stock were exchanged, compared to its average volume of 1,697,485. The company has a market cap of $25.85 billion, a PE ratio of 55.64 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. Rollins, Inc. has a one year low of $41.72 and a one year high of $56.26. The business has a fifty day moving average price of $51.70 and a 200 day moving average price of $49.75.

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

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a $0.165 dividend. 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 is presently 68.75%.

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.