Landscape Capital Management L.L.C. Decreases Holdings in Rollins, Inc. (NYSE:ROL)

Landscape Capital Management L.L.C. reduced its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 91.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,087 shares of the business services provider's stock after selling 75,855 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Rollins were worth $328,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ROL. Geode Capital Management LLC grew its holdings in Rollins by 17.6% during 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 during the last quarter. Norges Bank acquired a new position in shares of Rollins during the fourth quarter worth $176,784,000. JPMorgan Chase & Co. grew its stake in shares of 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 purchasing an additional 420,399 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Rollins by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider's stock valued at $104,347,000 after purchasing an additional 83,326 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Rollins by 8.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider's stock worth $103,471,000 after buying an additional 164,720 shares during the period. Institutional investors own 51.79% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ROL. Morgan Stanley raised 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 boosted their price target on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Friday, April 4th. StockNews.com downgraded shares of Rollins from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th. 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 research report on Friday, January 17th. Finally, Wells Fargo & Company lifted their price objective on Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $52.83.

Rollins Stock Up 2.2 %

NYSE ROL traded up $1.19 during mid-day trading on Friday, hitting $55.30. The company's stock had a trading volume of 3,977,777 shares, compared to its average volume of 1,715,854. The firm has a market capitalization of $26.82 billion, a price-to-earnings ratio of 57.60 and a beta of 0.80. The company's 50 day simple moving average is $51.91 and its 200 day simple moving average is $49.80. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a twelve month low of $41.72 and a twelve month high of $56.26.

Rollins (NYSE:ROL - Get Free Report) last issued 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 net margin of 13.76% and a return on equity of 37.94%. Analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins's dividend payout ratio (DPR) is presently 68.75%.

Insider Activity

In related news, insider Traci Hornfeck sold 3,224 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the transaction, the insider now directly owns 9,602 shares in the company, valued at approximately $509,866.20. The trade was a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elizabeth B. Chandler sold 13,193 shares of the company's 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 completion of the sale, the insider now directly owns 76,526 shares of the company's stock, valued at $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 have sold 20,259 shares of company stock worth $1,047,330 over the last 90 days. 4.47% of the stock is currently owned by corporate 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.