Tortoise Investment Management LLC Has $39,000 Position in Rollins, Inc. (NYSE:ROL)

Tortoise Investment Management LLC reduced its holdings in shares of Rollins, Inc. (NYSE:ROL – Get Rating) by 22.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,105 shares of the business services provider’s stock after selling 320 shares during the period. Tortoise Investment Management LLC’s holdings in Rollins were worth $39,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Daiwa Securities Group Inc. grew its holdings in Rollins by 2.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 12,875 shares of the business services provider’s stock worth $440,000 after acquiring an additional 330 shares during the period. Alaska Permanent Fund Corp grew its stake in shares of Rollins by 17.0% in the 1st quarter. Alaska Permanent Fund Corp now owns 2,303 shares of the business services provider’s stock valued at $81,000 after buying an additional 334 shares during the period. Chevy Chase Trust Holdings Inc. grew its stake in shares of Rollins by 0.3% in the 1st quarter. Chevy Chase Trust Holdings Inc. now owns 136,083 shares of the business services provider’s stock valued at $4,769,000 after buying an additional 342 shares during the period. Koshinski Asset Management Inc. grew its stake in shares of Rollins by 16.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 2,457 shares of the business services provider’s stock valued at $86,000 after buying an additional 353 shares during the period. Finally, M&T Bank Corp grew its stake in shares of Rollins by 3.3% in the 4th quarter. M&T Bank Corp now owns 11,947 shares of the business services provider’s stock valued at $408,000 after buying an additional 379 shares during the period. 38.98% of the stock is currently owned by institutional investors and hedge funds.

Rollins Price Performance

Shares of NYSE ROL opened at $37.60 on Friday. Rollins, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $40.11. The stock has a market cap of $18.51 billion, a price-to-earnings ratio of 56.12 and a beta of 0.59. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.98. The firm’s 50-day simple moving average is $35.39 and its 200 day simple moving average is $33.98.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Wednesday, August 10th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $0.40 annualized dividend and a yield of 1.06%. Rollins’s payout ratio is 59.70%.

Analyst Ratings Changes

Several analysts have recently commented on ROL shares. Royal Bank of Canada raised their target price on Rollins from $33.00 to $40.00 and gave the company a “sector perform” rating in a research note on Monday, April 11th. Wells Fargo & Company assumed coverage on shares of Rollins in a research report on Tuesday, July 12th. They issued an “equal weight” rating and a $37.00 price target on the stock.

About Rollins

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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.