R Squared Ltd Acquires New Holdings in Rollins, Inc. (NYSE:ROL)

R Squared Ltd bought a new stake in Rollins, Inc. (NYSE:ROL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,180 shares of the business services provider’s stock, valued at approximately $194,000.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in Rollins during the third quarter valued at about $28,000. True Wealth Design LLC lifted its holdings in Rollins by 4,272.2% in the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 769 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Rollins by 57.8% in the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after purchasing an additional 326 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Rollins in the 3rd quarter worth approximately $52,000. Finally, Intact Investment Management Inc. bought a new stake in shares of Rollins in the 3rd quarter worth approximately $71,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ROL shares. UBS Group lifted their price target 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. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Canaccord Genuity Group initiated coverage on Rollins in a research report on Tuesday, January 7th. They issued a “hold” rating and a $48.00 price target for the company. Wells Fargo & Company boosted their price objective on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Morgan Stanley raised their target price on shares of Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Rollins currently has an average rating of “Hold” and a consensus price target of $51.50.

Insider Buying and Selling at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s 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 transaction, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.69% of the company’s stock.

Rollins Trading Down 1.0 %

NYSE:ROL opened at $48.81 on Thursday. The company’s 50 day moving average is $48.15 and its 200-day moving average is $48.90. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12 month low of $40.41 and a 12 month high of $52.16. The firm has a market cap of $23.64 billion, a price-to-earnings ratio of 50.84 and a beta of 0.75.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Tuesday, February 25th. Rollins’s dividend payout ratio is 68.75%.

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.