Tower Research Capital LLC TRC Raises Holdings in Rollins, Inc. (NYSE:ROL)

Tower Research Capital LLC TRC grew its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 54.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,605 shares of the business services provider's stock after purchasing an additional 6,922 shares during the period. Tower Research Capital LLC TRC's holdings in Rollins were worth $909,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Rollins in the fourth quarter valued at $29,000. Centricity Wealth Management LLC acquired a new position in shares of Rollins in the fourth quarter worth $31,000. Mizuho Bank Ltd. purchased a new stake in shares of Rollins during the fourth quarter worth $37,000. Versant Capital Management Inc grew its stake in Rollins by 57.8% during the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider's stock worth $41,000 after purchasing an additional 326 shares in the last quarter. Finally, Atala Financial Inc purchased a new position in Rollins in the fourth quarter worth approximately $47,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Price Performance

Rollins stock traded up $0.30 during trading hours on Tuesday, hitting $56.32. The stock had a trading volume of 1,562,350 shares, compared to its average volume of 1,709,165. Rollins, Inc. has a 1-year low of $44.29 and a 1-year high of $56.53. 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's fifty day moving average is $53.03 and its two-hundred day moving average is $50.24. The stock has a market capitalization of $27.32 billion, a price-to-earnings ratio of 58.67 and a beta of 0.80.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The company had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts predict 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 will be paid on Tuesday, June 10th. Investors of record on Monday, May 12th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Monday, May 12th. Rollins's payout ratio is currently 66.67%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Royal Bank of Canada upped their price target on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. StockNews.com upgraded shares of Rollins from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Barclays raised their target price on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Friday, April 4th. Morgan Stanley raised their price target on Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, UBS Group upped their price objective on Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.57.

Insider Activity at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the firm'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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Elizabeth B. Chandler sold 13,193 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the transaction, the insider now directly 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. In the last quarter, insiders sold 20,259 shares of company stock valued at $1,047,330. 4.47% of the stock is owned by insiders.

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.