Mitsubishi UFJ Trust & Banking Corp Sells 16,619 Shares of Rollins, Inc. (NYSE:ROL)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Rollins, Inc. (NYSE:ROL) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,976 shares of the business services provider’s stock after selling 16,619 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Rollins were worth $11,169,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Rollins during the fourth quarter valued at approximately $74,249,000. Point72 Asset Management L.P. bought a new stake in Rollins during the 3rd quarter valued at $28,980,000. Allspring Global Investments Holdings LLC raised its holdings in Rollins by 96.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider’s stock worth $46,046,000 after buying an additional 490,183 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after buying an additional 420,399 shares in the last quarter. Finally, Fiera Capital Corp grew its holdings in shares of Rollins by 32.3% during the fourth quarter. Fiera Capital Corp now owns 1,130,540 shares of the business services provider’s stock valued at $52,401,000 after buying an additional 275,963 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total value of $171,194.40. Following the sale, the insider now owns 9,602 shares of the company’s stock, valued at approximately $509,866.20. The trade was a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the transaction, the insider now directly owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,338 shares of company stock valued at $945,882 in the last three months. Company insiders own 4.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group upped their target price on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Wells Fargo & Company lifted their target price on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Canaccord Genuity Group increased their price target on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $52.00.

Rollins Stock Performance

Shares of Rollins stock opened at $53.04 on Friday. The business’s fifty day simple moving average is $50.88 and its 200 day simple moving average is $49.56. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a 12 month low of $41.72 and a 12 month high of $54.00. The firm has a market capitalization of $25.73 billion, a P/E ratio of 55.25 and a beta of 0.78.

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%. As a group, analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins’s payout ratio 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.