E. Ohman J or Asset Management AB Sells 20,795 Shares of Rollins, Inc. (NYSE:ROL)

E. Ohman J or Asset Management AB lowered its stake in Rollins, Inc. (NYSE:ROL - Free Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 685,478 shares of the business services provider's stock after selling 20,795 shares during the quarter. E. Ohman J or Asset Management AB owned approximately 0.14% of Rollins worth $31,772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. B.O.S.S. Retirement Advisors LLC increased its stake in Rollins by 4.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider's stock worth $230,000 after purchasing an additional 212 shares in the last quarter. Eastern Bank increased its stake in Rollins by 0.5% in the 4th quarter. Eastern Bank now owns 50,410 shares of the business services provider's stock worth $2,337,000 after purchasing an additional 236 shares in the last quarter. Mather Group LLC. increased its stake in Rollins by 8.8% in the 3rd quarter. Mather Group LLC. now owns 3,027 shares of the business services provider's stock worth $153,000 after purchasing an additional 246 shares in the last quarter. Raymond James Trust N.A. increased its stake in Rollins by 1.9% in the 3rd quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider's stock worth $672,000 after purchasing an additional 252 shares in the last quarter. Finally, Motley Fool Asset Management LLC grew its stake in Rollins by 3.0% during the 3rd quarter. Motley Fool Asset Management LLC now owns 10,072 shares of the business services provider's stock valued at $509,000 after acquiring an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Stock Performance

ROL traded down $0.56 on Tuesday, hitting $49.10. The company had a trading volume of 1,159,576 shares, compared to its average volume of 1,573,299. The company's fifty day moving average price is $48.04 and its 200 day moving average price is $48.91. Rollins, Inc. has a 1-year low of $40.41 and a 1-year high of $52.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The stock has a market cap of $23.78 billion, a price-to-earnings ratio of 51.14 and a beta of 0.76.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.34%. Rollins's dividend payout ratio (DPR) is currently 68.75%.

Analysts Set New Price Targets

Several equities analysts have weighed in on ROL shares. Barclays started coverage on Rollins in a research note on Monday, November 4th. They set an "equal weight" rating and a $50.00 target price on the stock. Canaccord Genuity Group started coverage on Rollins in a research note on Tuesday, January 7th. They set a "hold" rating and a $48.00 target price on the stock. Morgan Stanley lifted their target price on Rollins from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Finally, UBS Group lifted their price target on Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Rollins currently has an average rating of "Hold" and a consensus price target of $51.50.

Insider Buying and Selling

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares of the company's stock, valued at $6,195,794.32. The trade was a 10.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.69% of the company's stock.

Rollins Company 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.