Rollins, Inc. (NYSE:ROL) Stock Position Lowered by TD Asset Management Inc.

TD Asset Management Inc. cut its stake in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 7.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,921,286 shares of the business services provider's stock after selling 143,716 shares during the period. TD Asset Management Inc. owned 0.40% of Rollins worth $89,052,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group acquired a new position in Rollins during the third quarter valued at approximately $28,000. Centricity Wealth Management LLC acquired a new position in shares of Rollins during the 4th quarter valued at $31,000. True Wealth Design LLC boosted its position in 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 purchasing an additional 769 shares during the period. Versant Capital Management Inc increased its holdings in 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 purchasing an additional 326 shares in the last quarter. Finally, Atala Financial Inc purchased a new position in Rollins in the fourth quarter valued at about $47,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the company's stock in a transaction on 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 transaction, the insider now directly owns 76,526 shares in the company, valued at $3,916,600.68. This represents a 14.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total value of $171,194.40. Following the sale, the insider now directly owns 9,602 shares in the company, valued at approximately $509,866.20. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,338 shares of company stock worth $945,882 over the last ninety days. 4.47% of the stock is owned by insiders.

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Rollins Stock Up 1.9 %

ROL stock traded up $1.00 during mid-day trading on Monday, hitting $54.06. 2,199,424 shares of the company were exchanged, compared to its average volume of 1,657,916. The firm has a fifty day simple moving average of $51.00 and a 200 day simple moving average of $49.59. The company has a market capitalization of $26.22 billion, a PE ratio of 56.31 and a beta of 0.78. Rollins, Inc. has a twelve month low of $41.72 and a twelve month high of $54.22. 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 (NYSE:ROL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. On average, research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Tuesday, February 25th. Rollins's dividend payout ratio is currently 68.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ROL shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Morgan Stanley lifted their price objective on shares of Rollins from $48.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. UBS Group upped their target price on shares of Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Canaccord Genuity Group boosted their price objective on shares of Rollins from $48.00 to $49.00 and gave the stock a "hold" rating in a report on Friday, February 14th. Finally, StockNews.com lowered Rollins from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Rollins currently has a consensus rating of "Hold" and a consensus target price of $52.00.

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.