Swiss National Bank Sells 41,400 Shares of Rollins, Inc. (NYSE:ROL)

Swiss National Bank lowered its position in Rollins, Inc. (NYSE:ROL) by 4.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 820,900 shares of the business services provider’s stock after selling 41,400 shares during the period. Swiss National Bank owned about 0.17% of Rollins worth $38,049,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ROL. Franklin Resources Inc. lifted its stake in Rollins by 54.7% in the 3rd 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 in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Rollins in the 3rd quarter worth $1,428,000. Westfield Capital Management Co. LP purchased a new stake in Rollins in the 3rd quarter worth $5,102,000. Intech Investment Management LLC lifted its stake in Rollins by 13.7% in the 3rd quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock worth $33,484,000 after purchasing an additional 79,546 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Rollins by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after purchasing an additional 420,399 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Up 1.4 %

Shares of NYSE ROL opened at $51.44 on Monday. The firm’s 50-day moving average price is $49.75 and its 200-day moving average price is $49.41. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $24.91 billion, a price-to-earnings ratio of 53.59 and a beta of 0.78. Rollins, Inc. has a 12-month low of $41.72 and a 12-month high of $53.72.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share 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%. On average, equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is currently 68.75%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Canaccord Genuity Group boosted their price target on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. UBS Group boosted their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Morgan Stanley boosted their price target on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. Finally, Wells Fargo & Company upped their target price on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Rollins has an average rating of “Hold” and a consensus target price of $52.00.

Insider Buying and Selling

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $51.78, for a total value of $99,469.38. Following the transaction, the insider now directly owns 41,173 shares in the company, valued at $2,131,937.94. This represents a 4.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Elizabeth B. Chandler sold 13,193 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the transaction, the insider now owns 76,526 shares in the company, valued at $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,338 shares of company stock valued at $945,882 in the last ninety days. 4.69% of the stock is owned by company 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.