Apollon Wealth Management LLC Buys 1,225 Shares of Rollins, Inc. (NYSE:ROL)

Apollon Wealth Management LLC grew its stake in Rollins, Inc. (NYSE:ROL) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,973 shares of the business services provider’s stock after acquiring an additional 1,225 shares during the period. Apollon Wealth Management LLC’s holdings in Rollins were worth $1,297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ROL. Appleton Partners Inc. MA increased its stake in shares of Rollins by 129.1% in the 4th quarter. Appleton Partners Inc. MA now owns 49,365 shares of the business services provider’s stock valued at $2,288,000 after buying an additional 27,820 shares during the period. Triasima Portfolio Management inc. acquired a new stake in Rollins in the fourth quarter worth about $210,000. Lecap Asset Management Ltd. acquired a new stake in Rollins in the fourth quarter worth about $1,436,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Rollins by 2.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 33,118 shares of the business services provider’s stock worth $1,535,000 after purchasing an additional 792 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its position in Rollins by 4.7% during the 4th quarter. Bleakley Financial Group LLC now owns 8,744 shares of the business services provider’s stock valued at $405,000 after purchasing an additional 390 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on ROL. 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. Canaccord Genuity Group started coverage on Rollins in a research report on Tuesday, January 7th. They issued a “hold” rating and a $48.00 price target on the stock. Barclays initiated coverage on shares of Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. Morgan Stanley upped their target price on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Rollins presently has a consensus rating of “Hold” and a consensus price target of $51.50.

Rollins Price Performance

Shares of ROL opened at $49.93 on Tuesday. The stock has a 50 day simple moving average of $47.98 and a 200 day simple moving average of $48.90. Rollins, Inc. has a 52-week low of $40.41 and a 52-week high of $52.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. The firm has a market capitalization of $24.18 billion, a PE ratio of 52.01 and a beta of 0.76.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Insider Transactions at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $6,195,794.32. This represents a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.