iA Global Asset Management Inc. Sells 10,491 Shares of Rollins, Inc. (NYSE:ROL)

iA Global Asset Management Inc. reduced its position in Rollins, Inc. (NYSE:ROL) by 28.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 26,410 shares of the business services provider’s stock after selling 10,491 shares during the quarter. iA Global Asset Management Inc.’s holdings in Rollins were worth $1,224,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ROL. GSA Capital Partners LLP bought a new position in shares of Rollins in the 3rd quarter worth $393,000. Empowered Funds LLC lifted its holdings in shares of Rollins by 7.3% in the 3rd quarter. Empowered Funds LLC now owns 4,604 shares of the business services provider’s stock worth $233,000 after purchasing an additional 313 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Rollins by 28.5% in the 3rd quarter. Natixis Advisors LLC now owns 168,637 shares of the business services provider’s stock worth $8,530,000 after purchasing an additional 37,416 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Rollins by 1,394.6% in the 3rd quarter. Quest Partners LLC now owns 10,029 shares of the business services provider’s stock worth $507,000 after purchasing an additional 9,358 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its stake in Rollins by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 90,831 shares of the business services provider’s stock valued at $4,594,000 after acquiring an additional 484 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the sale, the insider now owns 41,173 shares of the company’s stock, valued at approximately $2,131,937.94. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the completion of the sale, the insider now directly owns 9,602 shares of the company’s stock, valued at approximately $509,866.20. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,338 shares of company stock valued at $945,882. 4.69% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ROL has been the topic of several recent analyst reports. Morgan Stanley raised their price objective on Rollins from $48.00 to $50.00 and gave the company 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 price objective on shares of Rollins in a research note on Monday, January 6th. Canaccord Genuity Group raised their price objective on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, UBS Group raised their price objective on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $52.00.

Rollins Trading Down 0.1 %

NYSE ROL opened at $51.62 on Friday. The stock has a market capitalization of $25.00 billion, a price-to-earnings ratio of 53.77 and a beta of 0.78. Rollins, Inc. has a one year low of $41.72 and a one year high of $53.72. 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 business’s fifty day moving average is $50.33 and its 200-day moving average is $49.48.

Rollins (NYSE:ROL) last released 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 return on equity of 37.94% and a net margin of 13.76%. Equities research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Tuesday, February 25th. Rollins’s payout ratio is 68.75%.

Rollins 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.