SG Americas Securities LLC Buys 220,230 Shares of Rollins, Inc. (NYSE:ROL)

SG Americas Securities LLC grew its holdings in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 535.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 261,379 shares of the business services provider's stock after buying an additional 220,230 shares during the period. SG Americas Securities LLC owned approximately 0.05% of Rollins worth $12,115,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ROL. Montrusco Bolton Investments Inc. lifted its holdings in shares of Rollins by 14.0% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider's stock worth $465,503,000 after purchasing an additional 1,154,722 shares in the last quarter. Fiera Capital Corp acquired a new position in Rollins during the 3rd quarter valued at about $43,225,000. Point72 Asset Management L.P. purchased a new position in shares of Rollins during the third quarter valued at approximately $28,980,000. JPMorgan Chase & Co. lifted its stake in Rollins by 22.6% during 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 acquiring an additional 420,399 shares in the last quarter. Finally, Barclays PLC grew its position in Rollins by 34.8% in the 3rd quarter. Barclays PLC now owns 721,467 shares of the business services provider's stock worth $36,491,000 after purchasing an additional 186,452 shares in the last quarter. Institutional investors own 51.79% of the company's stock.

Insider Activity

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.69% of the company's stock.

Rollins Stock Performance

Shares of NYSE:ROL traded down $0.26 during trading on Friday, hitting $48.36. 336,646 shares of the company were exchanged, compared to its average volume of 1,525,815. The company has a market cap of $23.42 billion, a PE ratio of 50.36 and a beta of 0.75. Rollins, Inc. has a 52-week low of $40.41 and a 52-week high of $52.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The stock has a 50 day moving average of $48.23 and a 200 day moving average of $48.92.

Rollins (NYSE:ROL - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $916.27 million during the quarter, compared to analysts' expectations of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The business's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. As a group, equities research analysts predict that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.36%. Rollins's dividend payout ratio is presently 68.75%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price target on Rollins from $56.00 to $58.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Canaccord Genuity Group began coverage on shares of Rollins in a research note on Tuesday, January 7th. They issued a "hold" rating and a $48.00 target price on the stock. Royal Bank of Canada restated an "outperform" rating and set a $52.00 price target on shares of Rollins in a research note on Monday, January 6th. Morgan Stanley upped their price objective on Rollins from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, UBS Group boosted their target price on Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $51.50.

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.