Rollins, Inc. (NYSE:ROL) Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC increased its position in shares of Rollins, Inc. (NYSE:ROLFree Report) by 4.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 34,775 shares of the business services provider’s stock after buying an additional 1,608 shares during the quarter. New York Life Investment Management LLC’s holdings in Rollins were worth $1,298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC acquired a new position in Rollins during the second quarter worth $29,000. KB Financial Partners LLC acquired a new stake in Rollins during the first quarter worth about $32,000. Cornerstone Planning Group LLC bought a new position in Rollins during the second quarter worth about $47,000. Fred Alger Management LLC bought a new position in Rollins during the third quarter worth about $41,000. Finally, Money Concepts Capital Corp bought a new position in Rollins during the fourth quarter worth about $51,000. 38.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Rollins

In related news, CEO Jerry Jr. Gahlhoff sold 7,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $40.00, for a total value of $280,000.00. Following the completion of the sale, the chief executive officer now owns 218,091 shares in the company, valued at approximately $8,723,640. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ROL. Morgan Stanley began coverage on shares of Rollins in a research note on Thursday, December 21st. They issued an “equal weight” rating and a $42.00 target price for the company. UBS Group upped their price objective on Rollins from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Stifel Nicolaus raised Rollins from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Friday, October 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Read Our Latest Report on ROL

Rollins Stock Performance

Shares of Rollins stock opened at $44.01 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.82. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $45.04. The firm has a fifty day moving average of $42.81 and a two-hundred day moving average of $40.00. The stock has a market capitalization of $21.30 billion, a price-to-earnings ratio of 53.02, a PEG ratio of 3.00 and a beta of 0.64.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 21st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Tuesday, February 20th. Rollins’s dividend payout ratio is currently 72.29%.

Rollins Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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