Ieq Capital LLC Purchases 1,868 Shares of Rollins, Inc. (NYSE:ROL)

Ieq Capital LLC lifted its position in Rollins, Inc. (NYSE:ROLFree Report) by 33.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,380 shares of the business services provider’s stock after buying an additional 1,868 shares during the period. Ieq Capital LLC’s holdings in Rollins were worth $275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in Rollins by 2.2% in the second quarter. BlackRock Inc. now owns 25,919,854 shares of the business services provider’s stock worth $1,110,147,000 after purchasing an additional 569,215 shares in the last quarter. Vanguard Group Inc. raised its holdings in Rollins by 1.5% in the first quarter. Vanguard Group Inc. now owns 25,485,984 shares of the business services provider’s stock worth $893,283,000 after purchasing an additional 384,126 shares in the last quarter. Select Equity Group L.P. raised its holdings in Rollins by 1.5% in the first quarter. Select Equity Group L.P. now owns 12,922,308 shares of the business services provider’s stock worth $484,974,000 after purchasing an additional 189,977 shares in the last quarter. State Street Corp raised its holdings in Rollins by 1.3% in the second quarter. State Street Corp now owns 11,286,374 shares of the business services provider’s stock worth $483,395,000 after purchasing an additional 146,536 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in Rollins by 0.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,611,402 shares of the business services provider’s stock worth $283,166,000 after purchasing an additional 40,222 shares in the last quarter. 38.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on ROL. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Morgan Stanley assumed coverage on Rollins in a research note on Thursday, December 21st. They set an “equal weight” rating and a $42.00 price target on the stock. Stifel Nicolaus upgraded Rollins from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Friday, October 20th. TheStreet lowered Rollins from a “b” rating to a “c+” rating in a research note on Thursday, October 19th. Finally, UBS Group boosted their price target on Rollins from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.14.

View Our Latest Analysis on Rollins

Insider Activity at Rollins

In related news, CEO Jerry Jr. Gahlhoff sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $40.00, for a total value of $280,000.00. Following the sale, the chief executive officer now owns 218,091 shares in the company, valued at $8,723,640. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.70% of the stock is owned by insiders.

Rollins Price Performance

Shares of NYSE ROL opened at $43.54 on Wednesday. The business’s 50 day moving average price is $42.52 and its 200 day moving average price is $40.02. The firm has a market cap of $21.08 billion, a P/E ratio of 52.46, a P/E/G ratio of 2.98 and a beta of 0.63. Rollins, Inc. has a 52 week low of $32.19 and a 52 week high of $45.04. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.54.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 21st will be given a $0.15 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $0.60 dividend on an annualized basis and a yield of 1.38%. Rollins’s dividend payout ratio is currently 72.29%.

Rollins Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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