Asset Advisors Investment Management LLC Acquires 16,983 Shares of Rollins, Inc. (NYSE:ROL)

Asset Advisors Investment Management LLC raised its stake in Rollins, Inc. (NYSE:ROL) by 376.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,493 shares of the business services provider’s stock after buying an additional 16,983 shares during the period. Asset Advisors Investment Management LLC’s holdings in Rollins were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in Rollins during the third quarter valued at approximately $28,000. Centricity Wealth Management LLC purchased a new position in shares of Rollins during the 4th quarter valued at about $31,000. True Wealth Design LLC lifted its holdings in Rollins by 4,272.2% in the third 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 period. Versant Capital Management Inc lifted 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 valued at $41,000 after purchasing an additional 326 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Rollins during the 3rd quarter worth about $52,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays began coverage on Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price for the company. Canaccord Genuity Group increased their price target on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Wells Fargo & Company raised their price objective on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, UBS Group raised their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $52.00.

Rollins Stock Performance

Shares of NYSE:ROL opened at $51.29 on Monday. Rollins, Inc. has a 12 month low of $41.30 and a 12 month high of $52.83. The business has a 50-day moving average of $48.28 and a two-hundred day moving average of $49.13. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The firm has a market capitalization of $24.83 billion, a PE ratio of 53.42 and a beta of 0.76.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, hitting 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, research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a 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.