Nicolet Advisory Services LLC Raises Holdings in Rollins, Inc. (NYSE:ROL)

Nicolet Advisory Services LLC increased its position in Rollins, Inc. (NYSE:ROL - Free Report) by 74.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,804 shares of the business services provider's stock after buying an additional 7,170 shares during the period. Nicolet Advisory Services LLC's holdings in Rollins were worth $774,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ROL. Franklin Resources Inc. increased its position in shares of Rollins by 54.7% during the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider's stock worth $8,725,000 after acquiring an additional 61,475 shares in the last quarter. JPMorgan Chase & Co. raised its position in 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 acquiring an additional 420,399 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Rollins by 136.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 265,945 shares of the business services provider's stock worth $12,327,000 after purchasing an additional 153,437 shares during the period. True North Advisors LLC purchased a new position in shares of Rollins during the 4th quarter valued at $262,000. Finally, Avanza Fonder AB purchased a new stake in Rollins during the fourth quarter valued at about $1,054,000. Institutional investors and hedge funds own 51.79% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on ROL. Royal Bank of Canada restated an "outperform" rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Canaccord Genuity Group increased their target price on Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Wells Fargo & Company increased their price target on shares of Rollins from $56.00 to $58.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Barclays lifted their price objective on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. Finally, UBS Group upped their price target on shares of Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Rollins has a consensus rating of "Hold" and an average target price of $52.83.

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Insider Activity at Rollins

In related news, insider Thomas D. Tesh sold 1,921 shares of the firm's stock in a transaction on 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 sale, the insider now directly owns 41,173 shares in the company, valued at $2,131,937.94. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Traci Hornfeck sold 3,224 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the sale, the insider now owns 9,602 shares of the company's stock, valued at $509,866.20. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,338 shares of company stock valued at $945,882. Corporate insiders own 4.47% of the company's stock.

Rollins Stock Performance

Shares of ROL traded up $2.55 on Wednesday, reaching $53.20. The company's stock had a trading volume of 2,903,421 shares, compared to its average volume of 1,701,648. 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 capitalization of $25.81 billion, a P/E ratio of 55.42 and a beta of 0.80. Rollins, Inc. has a 12-month low of $41.72 and a 12-month high of $56.26. The stock's 50 day simple moving average is $51.70 and its two-hundred day simple moving average is $49.75.

Rollins (NYSE:ROL - Get Free Report) last released its 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 net margin of 13.76% and a return on equity of 37.94%. Research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins's dividend payout ratio (DPR) is currently 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.