Invesco Ltd. Grows Holdings in Rollins, Inc. (NYSE:ROL)

Invesco Ltd. increased its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,267,060 shares of the business services provider's stock after purchasing an additional 617,876 shares during the quarter. Invesco Ltd. owned 0.88% of Rollins worth $197,778,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in ROL. Bank of Montreal Can increased its holdings in shares of Rollins by 222.5% during the 4th quarter. Bank of Montreal Can now owns 745,955 shares of the business services provider's stock worth $34,575,000 after buying an additional 514,672 shares during the last quarter. Mizuho Bank Ltd. bought a new position in shares of Rollins during the fourth quarter valued at approximately $37,000. Resona Asset Management Co. Ltd. bought a new position in Rollins in the 4th quarter worth about $6,031,000. Thoroughbred Financial Services LLC increased its stake in shares of Rollins by 11.0% during the fourth quarter. Thoroughbred Financial Services LLC now owns 12,428 shares of the business services provider's stock valued at $576,000 after acquiring an additional 1,235 shares during the period. Finally, Motley Fool Asset Management LLC lifted its holdings in Rollins by 16.8% in the 4th quarter. Motley Fool Asset Management LLC now owns 11,767 shares of the business services provider's stock valued at $545,000 after acquiring an additional 1,695 shares during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the completion of the transaction, the insider now owns 9,602 shares of the company's stock, valued at $509,866.20. The trade was a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Elizabeth B. Chandler sold 13,193 shares of the business's stock in a transaction dated 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 directly owns 76,526 shares of the company's stock, valued at approximately $3,916,600.68. This trade represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,259 shares of company stock worth $1,047,330. Corporate insiders own 4.47% of the company's stock.

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Rollins Trading Down 0.5 %

ROL traded down $0.30 during trading on Wednesday, hitting $55.06. The company's stock had a trading volume of 1,667,893 shares, compared to its average volume of 1,713,491. The stock's fifty day moving average price is $52.14 and its 200-day moving average price is $49.88. The firm has a market capitalization of $26.71 billion, a P/E ratio of 57.35 and a beta of 0.80. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a twelve month low of $41.72 and a twelve month high of $57.25.

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

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 dividend yield of 1.20%. The ex-dividend date was Tuesday, February 25th. Rollins's dividend payout ratio is currently 68.75%.

Analyst Ratings Changes

A number of research analysts recently commented on ROL shares. Morgan Stanley boosted their price objective on shares of Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. StockNews.com lowered Rollins from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th. Barclays boosted their target price on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Friday, April 4th. Finally, Canaccord Genuity Group upped their target price on shares of Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $52.83.

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.