Arrowstreet Capital Limited Partnership Has $468,000 Stock Position in Rollins, Inc. (NYSE:ROL)

Arrowstreet Capital Limited Partnership cut its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 44.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,087 shares of the business services provider's stock after selling 8,104 shares during the period. Arrowstreet Capital Limited Partnership's holdings in Rollins were worth $468,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ROL. Norges Bank bought a new position in shares of Rollins in the fourth quarter worth $176,784,000. Raymond James Financial Inc. bought a new position in Rollins in the 4th quarter valued at about $74,249,000. Allspring Global Investments Holdings LLC increased its stake in 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 valued at $46,046,000 after buying an additional 490,183 shares during the period. JPMorgan Chase & Co. raised its position in shares of Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider's stock worth $115,323,000 after buying an additional 420,399 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in shares of Rollins by 32.3% in the 4th quarter. Fiera Capital Corp now owns 1,130,540 shares of the business services provider's stock worth $52,401,000 after acquiring an additional 275,963 shares during the period. 51.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays boosted their target price on Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a report on Friday, April 4th. Canaccord Genuity Group upped their price objective on Rollins from $48.00 to $49.00 and gave the company a "hold" rating in a report on Friday, February 14th. Wells Fargo & Company lifted their target price on Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. 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. Finally, Morgan Stanley lifted their price objective on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" 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 company. According to data from MarketBeat, Rollins presently has an average rating of "Hold" and an average target price of $52.83.

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Insider Activity

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the transaction, the insider now owns 76,526 shares of the company's stock, valued at $3,916,600.68. The trade was a 14.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Traci Hornfeck sold 3,224 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were 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 in the company, valued at $509,866.20. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,259 shares of company stock worth $1,047,330. 4.47% of the stock is owned by corporate insiders.

Rollins Trading Down 0.5 %

ROL traded down $0.30 during trading on Tuesday, reaching $55.39. The company had a trading volume of 1,206,290 shares, compared to its average volume of 1,713,534. The firm's 50-day simple moving average is $52.04 and its 200 day simple moving average is $49.84. 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 $26.87 billion, a price-to-earnings ratio of 57.69 and a beta of 0.80. Rollins, Inc. has a 12-month low of $41.72 and a 12-month high of $57.55.

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

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a $0.165 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.19%. Rollins's dividend payout ratio (DPR) 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.