Sei Investments Co. Sells 7,822 Shares of Rollins, Inc. (NYSE:ROL)

Sei Investments Co. decreased its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 527,522 shares of the business services provider's stock after selling 7,822 shares during the period. Sei Investments Co. owned approximately 0.11% of Rollins worth $24,451,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Rollins during the 4th quarter worth about $74,249,000. Point72 Asset Management L.P. bought a new position in shares of Rollins during the third quarter worth about $28,980,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Rollins by 96.1% during 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 buying an additional 490,183 shares in the last quarter. JPMorgan Chase & Co. raised its position in Rollins by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider's stock valued at $115,323,000 after buying an additional 420,399 shares during the last quarter. Finally, Fiera Capital Corp lifted its stake in Rollins by 32.3% in the 4th quarter. Fiera Capital Corp now owns 1,130,540 shares of the business services provider's stock valued at $52,401,000 after acquiring an additional 275,963 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Stock Performance

Shares of ROL traded down $0.74 during midday trading on Friday, reaching $53.04. The stock had a trading volume of 1,798,045 shares, compared to its average volume of 1,655,750. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The firm has a 50 day simple moving average of $50.88 and a 200-day simple moving average of $49.56. The firm has a market cap of $25.73 billion, a PE ratio of 55.25 and a beta of 0.78. Rollins, Inc. has a one year low of $41.72 and a one year high of $54.00.

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Rollins (NYSE:ROL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, hitting analysts' consensus estimates of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. As a group, sell-side analysts anticipate 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 $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins's dividend payout ratio (DPR) is presently 68.75%.

Analyst Ratings Changes

Several brokerages have recently weighed in on ROL. Canaccord Genuity Group raised their price target on shares of Rollins from $48.00 to $49.00 and gave the stock a "hold" rating in a research note on Friday, February 14th. 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 report 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 report on Friday, February 14th. Finally, Wells Fargo & Company lifted their target price on Rollins from $56.00 to $58.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $52.00.

Insider Buying and Selling at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of the firm's 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 completion of the sale, the insider now directly 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Traci Hornfeck sold 3,224 shares of the business'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 value of $171,194.40. Following the sale, the insider now owns 9,602 shares of the company's stock, valued at approximately $509,866.20. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,338 shares of company stock valued at $945,882 in the last quarter. 4.47% of the stock is currently owned by insiders.

Rollins Company 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.