Taikang Asset Management Hong Kong Co Ltd Sells 21,973 Shares of Rollins, Inc. (NYSE:ROL)

Taikang Asset Management Hong Kong Co Ltd reduced its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 26.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,747 shares of the business services provider's stock after selling 21,973 shares during the period. Taikang Asset Management Hong Kong Co Ltd's holdings in Rollins were worth $2,862,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROL. ICW Investment Advisors LLC raised its stake in shares of Rollins by 3.7% in the fourth quarter. ICW Investment Advisors LLC now owns 30,859 shares of the business services provider's stock valued at $1,430,000 after acquiring an additional 1,115 shares during the last quarter. Hershey Financial Advisers LLC bought a new position in Rollins in the 4th quarter valued at $1,324,000. LPL Financial LLC boosted its stake in Rollins by 18.9% in the fourth quarter. LPL Financial LLC now owns 322,428 shares of the business services provider's stock worth $14,945,000 after purchasing an additional 51,304 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Rollins in the fourth quarter worth $789,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Rollins during the fourth quarter worth $5,211,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $52.00 price target on shares of Rollins in a report on Monday, January 6th. Morgan Stanley boosted their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Canaccord Genuity Group upped their target price on shares of Rollins from $48.00 to $49.00 and gave the stock a "hold" rating in a research report on Friday, February 14th. Wells Fargo & Company raised their price target on shares of Rollins from $56.00 to $58.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Finally, UBS Group boosted their price objective on shares of Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $52.00.

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Insider Transactions at Rollins

In related news, insider Traci Hornfeck sold 3,224 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the transaction, the insider now 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 sale 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 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 of the company's stock, valued at $3,916,600.68. The trade was a 14.70 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,338 shares of company stock worth $945,882. 4.47% of the stock is currently owned by company insiders.

Rollins Trading Down 1.4 %

NYSE ROL traded down $0.74 during trading hours on Friday, hitting $53.04. The company's stock had a trading volume of 1,798,045 shares, compared to its average volume of 1,655,750. Rollins, Inc. has a twelve month low of $41.72 and a twelve month high of $54.00. The firm has a market capitalization of $25.73 billion, a P/E ratio of 55.25 and a beta of 0.78. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average of $50.88 and a 200 day moving average of $49.56.

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

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Tuesday, February 25th. Rollins's dividend payout ratio (DPR) is currently 68.75%.

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.