Wedmont Private Capital lessened its position in shares of Rollins, Inc. (NYSE:ROL – Free Report) by 10.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,166 shares of the business services provider’s stock after selling 917 shares during the period. Wedmont Private Capital’s holdings in Rollins were worth $376,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Rollins in the 3rd quarter worth about $1,428,000. Franklin Resources Inc. grew its stake in Rollins by 54.7% during the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock worth $8,725,000 after purchasing an additional 61,475 shares during the period. Westfield Capital Management Co. LP bought a new stake in Rollins in the third quarter worth approximately $5,102,000. Intech Investment Management LLC lifted its stake in Rollins by 13.7% in the third quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock valued at $33,484,000 after buying an additional 79,546 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after buying an additional 420,399 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently weighed in on ROL. Canaccord Genuity Group initiated coverage on shares of Rollins in a research note on Tuesday, January 7th. They issued a “hold” rating and a $48.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. Morgan Stanley raised their target price on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Wells Fargo & Company upped their price target on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, Barclays initiated coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective for the company. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $50.83.
Rollins Price Performance
ROL stock opened at $46.96 on Thursday. The company has a market capitalization of $22.74 billion, a P/E ratio of 48.92 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 business has a 50-day simple moving average of $48.44 and a two-hundred day simple moving average of $48.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.
Rollins (NYSE:ROL – Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. Research analysts expect that Rollins, Inc. will post 0.99 EPS for the current fiscal year.
Rollins Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a $0.165 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.41%. This is an increase from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio is currently 68.75%.
Insider Activity at Rollins
In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the sale, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.69% of the stock is 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.
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