Gabelli Funds LLC Has $61.39 Million Stock Position in Rollins, Inc. (NYSE:ROL)

Gabelli Funds LLC trimmed its position in Rollins, Inc. (NYSE:ROL - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,324,500 shares of the business services provider's stock after selling 16,300 shares during the period. Gabelli Funds LLC owned approximately 0.27% of Rollins worth $61,391,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ROL. FMR LLC boosted its holdings in Rollins by 65.9% in the 3rd quarter. FMR LLC now owns 39,200 shares of the business services provider's stock valued at $1,983,000 after purchasing an additional 15,574 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Rollins by 17.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,526 shares of the business services provider's stock valued at $431,000 after buying an additional 1,269 shares during the period. Barclays PLC grew its holdings in Rollins by 34.8% during the third quarter. Barclays PLC now owns 721,467 shares of the business services provider's stock worth $36,491,000 after acquiring an additional 186,452 shares during the period. Coldstream Capital Management Inc. raised its position in Rollins by 6.6% in the third quarter. Coldstream Capital Management Inc. now owns 7,152 shares of the business services provider's stock worth $362,000 after acquiring an additional 445 shares in the last quarter. Finally, Anchor Investment Management LLC lifted its holdings in Rollins by 724.3% in the third quarter. Anchor Investment Management LLC now owns 1,797 shares of the business services provider's stock valued at $91,000 after acquiring an additional 1,579 shares during the period. Hedge funds and other institutional investors own 51.79% of the company's stock.

Rollins Stock Performance

Shares of NYSE:ROL traded up $0.79 during trading hours on Friday, hitting $55.80. The stock had a trading volume of 2,046,191 shares, compared to its average volume of 1,714,471. The stock's fifty day simple moving average is $52.47 and its 200 day simple moving average is $49.99. 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 firm has a market capitalization of $27.07 billion, a price-to-earnings ratio of 58.13 and a beta of 0.80. Rollins, Inc. has a 1-year low of $42.19 and a 1-year high of $56.26.

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 for the quarter, meeting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Sell-side analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins's dividend payout ratio is currently 68.75%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ROL. StockNews.com upgraded shares of Rollins from a "hold" rating to a "buy" rating in a report on Thursday. Morgan Stanley upped their price target on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. 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. Barclays upped their target price on shares of Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a report on Friday, April 4th. Finally, Royal Bank of Canada boosted their price target on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $54.50.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction that occurred on 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 in the company, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the transaction, the insider now directly owns 41,173 shares in the company, valued at approximately $2,131,937.94. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,259 shares of company stock worth $1,047,330. Corporate insiders own 4.47% of the company's stock.

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.