Raymond James Financial Inc. Acquires Shares of 1,601,930 Rollins, Inc. (NYSE:ROL)

Raymond James Financial Inc. bought a new position in Rollins, Inc. (NYSE:ROL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,601,930 shares of the business services provider's stock, valued at approximately $74,249,000. Raymond James Financial Inc. owned about 0.33% of Rollins as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ROL. Montrusco Bolton Investments Inc. boosted its holdings in Rollins by 14.0% during 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. Point72 Asset Management L.P. acquired a new stake in shares of Rollins in the third quarter worth $28,980,000. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 worth $46,046,000 after purchasing an additional 490,183 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Rollins by 22.6% during the third 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, Fiera Capital Corp lifted its position in Rollins by 32.3% in the fourth quarter. Fiera Capital Corp now owns 1,130,540 shares of the business services provider's stock worth $52,401,000 after purchasing an additional 275,963 shares during the period. Institutional investors own 51.79% of the company's stock.

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Insider Buying and Selling

In other news, insider Thomas D. Tesh sold 1,921 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the sale, the insider now owns 41,173 shares in the company, valued at $2,131,937.94. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the sale, the insider now owns 76,526 shares of the company's stock, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,338 shares of company stock worth $945,882. Corporate insiders own 4.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ROL. StockNews.com upgraded shares of Rollins from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. UBS Group upped their price objective on Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Wells Fargo & Company raised 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. Canaccord Genuity Group increased their price objective on Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 price target on shares of Rollins in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Rollins currently has a consensus rating of "Hold" and a consensus target price of $52.00.

Rollins Trading Down 0.5 %

NYSE:ROL traded down $0.26 during trading hours on Tuesday, hitting $52.02. The stock had a trading volume of 792,224 shares, compared to its average volume of 1,560,946. The business's 50 day moving average is $49.36 and its 200-day moving average is $49.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The company has a market cap of $25.19 billion, a price-to-earnings ratio of 54.24 and a beta of 0.78. Rollins, Inc. has a one year low of $41.72 and a one year high of $53.72.

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

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins's dividend payout ratio is currently 68.75%.

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.