Twin Tree Management LP Sells 33,526 Shares of Rollins, Inc. (NYSE:ROL)

Twin Tree Management LP reduced its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 91.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,939 shares of the business services provider's stock after selling 33,526 shares during the period. Twin Tree Management LP's holdings in Rollins were worth $136,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ROL. Raymond James Financial Inc. bought a new stake in Rollins in the fourth quarter worth about $74,249,000. Montrusco Bolton Investments Inc. raised its position in Rollins by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider's stock worth $465,503,000 after acquiring an additional 1,154,722 shares during the period. Point72 Asset Management L.P. bought a new stake in Rollins in the third quarter worth about $28,980,000. Allspring Global Investments Holdings LLC raised its position in 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 worth $46,046,000 after acquiring an additional 490,183 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider's stock worth $115,323,000 after acquiring an additional 420,399 shares during the period. 51.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. UBS Group lifted their price objective on shares of Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. Wells Fargo & Company lifted their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Morgan Stanley lifted their target price 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Finally, StockNews.com downgraded shares of Rollins from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $52.00.

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Rollins Price Performance

NYSE:ROL traded down $0.32 during mid-day trading on Thursday, hitting $51.71. 1,445,310 shares of the stock traded hands, compared to its average volume of 1,557,248. The business's 50-day moving average price is $50.12 and its 200 day moving average price is $49.45. The company has a market cap of $25.04 billion, a PE ratio of 53.86 and a beta of 0.78. Rollins, Inc. has a 12-month low of $41.72 and a 12-month high of $53.72. 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 (NYSE:ROL - Get Free Report) last issued 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%. On average, analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.28%. Rollins's payout ratio is presently 68.75%.

Insider Buying and Selling at Rollins

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the sale, the insider now directly owns 9,602 shares in the company, valued at $509,866.20. The trade was a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the sale, the insider now owns 76,526 shares of the company's stock, valued at approximately $3,916,600.68. The trade was a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,338 shares of company stock worth $945,882 over the last three months. 4.69% 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.