Royal London Asset Management Ltd. Grows Stake in Rollins, Inc. (NYSE:ROL)

Royal London Asset Management Ltd. grew its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 151,548 shares of the business services provider's stock after buying an additional 20,156 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Rollins were worth $7,024,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ROL. Brooklyn Investment Group purchased a new position in Rollins during the third quarter worth about $28,000. Centricity Wealth Management LLC acquired a new position in Rollins during the 4th quarter worth approximately $31,000. True Wealth Design LLC raised its stake in shares of Rollins by 4,272.2% during the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider's stock worth $40,000 after buying an additional 769 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Rollins by 57.8% in the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider's stock valued at $41,000 after buying an additional 326 shares during the period. Finally, Atala Financial Inc purchased a new stake in shares of Rollins in the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 51.79% of the company's stock.

Insider Transactions at Rollins

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was 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. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction dated Monday, March 10th. The shares were 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 $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. Insiders have sold a total of 18,338 shares of company stock worth $945,882 in the last three months. Company insiders own 4.47% of the company's stock.

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Rollins Price Performance

ROL stock traded up $0.77 during trading on Thursday, hitting $53.82. The stock had a trading volume of 1,645,920 shares, compared to its average volume of 1,565,531. The stock has a market cap of $26.10 billion, a price-to-earnings ratio of 56.06 and a beta of 0.78. 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 company's 50 day moving average price is $50.68 and its two-hundred day moving average price is $49.52. Rollins, Inc. has a 1-year low of $41.72 and a 1-year high of $53.97.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. On average, sell-side analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

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 dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Tuesday, February 25th. Rollins's dividend payout ratio is currently 68.75%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company increased 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. StockNews.com downgraded shares of Rollins from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Royal Bank of Canada reissued an "outperform" rating and set a $52.00 price target on shares of Rollins in a research note on Monday, January 6th. Morgan Stanley raised their price objective on Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Finally, UBS Group boosted their target price on Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Rollins currently has a consensus rating of "Hold" and a consensus price target of $52.00.

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.