Sound Income Strategies LLC Raises Stock Position in Rollins, Inc. (NYSE:ROL)

Sound Income Strategies LLC raised its holdings in Rollins, Inc. (NYSE:ROL) by 28,808.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,649 shares of the business services provider’s stock after purchasing an additional 6,626 shares during the quarter. Sound Income Strategies LLC’s holdings in Rollins were worth $308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in shares of Rollins by 54.7% in the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock worth $8,725,000 after buying an additional 61,475 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Rollins in the third quarter valued at approximately $1,428,000. Westfield Capital Management Co. LP purchased a new stake in Rollins in the 3rd quarter worth approximately $5,102,000. Intech Investment Management LLC grew its stake in shares of Rollins by 13.7% during the 3rd quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock worth $33,484,000 after purchasing an additional 79,546 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after purchasing an additional 420,399 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.69% of the stock is currently owned by corporate insiders.

Rollins Stock Down 0.6 %

ROL opened at $48.32 on Friday. The company has a market cap of $23.40 billion, a PE ratio of 50.33 and a beta of 0.75. Rollins, Inc. has a twelve month low of $40.41 and a twelve month high of $52.16. The company has a 50-day moving average price of $48.17 and a 200 day moving average price of $48.91. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The firm had revenue of $916.27 million for the quarter, compared to analyst estimates of $911.15 million. During the same period in the previous year, the company earned $0.28 EPS. Rollins’s revenue was up 9.0% compared to the same quarter last year. Sell-side analysts expect that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.37%. Rollins’s payout ratio is currently 68.75%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Wells Fargo & Company lifted their price target on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Barclays initiated coverage on Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Rollins has a consensus rating of “Hold” and an average target price of $51.50.

About Rollins

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.