Russell Investments Group Ltd. Sells 48,024 Shares of Rollins, Inc. (NYSE:ROL)

Russell Investments Group Ltd. lowered its holdings in Rollins, Inc. (NYSE:ROL - Free Report) by 22.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 170,130 shares of the business services provider's stock after selling 48,024 shares during the quarter. Russell Investments Group Ltd.'s holdings in Rollins were worth $7,886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Rollins during the fourth quarter valued at approximately $176,784,000. Raymond James Financial Inc. purchased a new position in Rollins during the 4th quarter worth $74,249,000. Geode Capital Management LLC grew its stake in shares of Rollins by 17.6% in the 4th quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider's stock worth $395,819,000 after acquiring an additional 1,282,508 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Rollins by 32.2% in the 4th quarter. Wellington Management Group LLP now owns 2,023,253 shares of the business services provider's stock worth $93,778,000 after acquiring an additional 493,300 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Rollins by 96.1% in the fourth 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 purchasing an additional 490,183 shares during the last quarter. Institutional investors own 51.79% of the company's stock.

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Insider Buying and Selling

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Traci Hornfeck sold 3,224 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the sale, the insider now directly owns 9,602 shares in the company, valued at $509,866.20. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,259 shares of company stock valued at $1,047,330. Company insiders own 4.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group upped their price objective on shares of Rollins from $48.00 to $49.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. UBS Group increased their price target on Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. Morgan Stanley boosted their price objective on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Barclays raised their target price on Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research report on Friday, April 4th. Finally, Wells Fargo & Company boosted their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Rollins has a consensus rating of "Hold" and a consensus price target of $52.83.

Rollins Stock Performance

Shares of ROL traded down $0.30 during mid-day trading on Tuesday, hitting $55.39. The stock had a trading volume of 1,206,290 shares, compared to its average volume of 1,713,569. Rollins, Inc. has a 52 week low of $41.72 and a 52 week high of $57.55. 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 business has a fifty day moving average price of $52.04 and a 200-day moving average price of $49.84. The firm has a market cap of $26.87 billion, a P/E ratio of 57.69 and a beta of 0.80.

Rollins (NYSE:ROL - Get Free Report) last announced its quarterly earnings data 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 return on equity of 37.94% and a net margin of 13.76%. On average, equities research analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Tuesday, February 25th. Rollins's 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.