Rollins, Inc. (NYSE:ROL) Shares Sold by Founders Financial Alliance LLC

Founders Financial Alliance LLC trimmed its position in Rollins, Inc. (NYSE:ROL) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,476 shares of the business services provider’s stock after selling 1,057 shares during the quarter. Founders Financial Alliance LLC’s holdings in Rollins were worth $949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Rollins during the 4th quarter worth $74,249,000. Montrusco Bolton Investments Inc. increased its stake in Rollins by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after purchasing an additional 1,154,722 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Rollins in the third quarter valued at about $28,980,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Rollins by 96.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider’s stock valued at $46,046,000 after acquiring an additional 490,183 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 420,399 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were 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 of the company’s stock, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Traci Hornfeck sold 3,224 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the transaction, the insider now directly owns 9,602 shares of the company’s stock, valued at $509,866.20. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.69% of the company’s stock.

Rollins Stock Performance

NYSE:ROL opened at $52.24 on Tuesday. The firm has a 50 day simple moving average of $49.36 and a 200-day simple moving average of $49.38. 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 cap of $25.30 billion, a PE ratio of 54.42 and a beta of 0.78. Rollins, Inc. has a 1-year low of $41.72 and a 1-year 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, meeting 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 analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins’s dividend payout ratio is presently 68.75%.

Wall Street Analyst Weigh In

ROL has been the topic of a number of research analyst reports. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. UBS Group boosted their price objective on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Morgan Stanley lifted their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Canaccord Genuity Group lifted their target price on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $52.00.

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.