Bell Bank Reduces Stake in Rollins, Inc. (NYSE:ROL)

Bell Bank lessened its holdings in shares of Rollins, Inc. (NYSE:ROL) by 5.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 22,331 shares of the business services provider’s stock after selling 1,291 shares during the period. Bell Bank’s holdings in Rollins were worth $1,035,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new stake in Rollins during the third quarter worth approximately $28,000. Centricity Wealth Management LLC purchased a new position in shares of Rollins in the 4th quarter valued at $31,000. True Wealth Design LLC raised its stake 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 acquiring an additional 769 shares in the last quarter. Versant Capital Management Inc lifted its position in Rollins by 57.8% in the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 326 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Rollins in the third quarter valued at $52,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays initiated coverage on Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price on the stock. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Company raised their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Finally, Morgan Stanley boosted their price target on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $52.00.

Rollins Trading Down 0.1 %

NYSE:ROL opened at $51.29 on Friday. The stock has a market capitalization of $24.83 billion, a price-to-earnings ratio of 53.42 and a beta of 0.76. Rollins, Inc. has a 1 year low of $41.30 and a 1 year high of $52.83. The stock has a fifty day moving average price of $48.23 and a two-hundred day moving average price of $49.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. As a group, sell-side analysts anticipate 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 will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) 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.