Blue Trust Inc. Sells 5,785 Shares of Rollins, Inc. (NYSE:ROL)

Blue Trust Inc. cut its stake in shares of Rollins, Inc. (NYSE:ROL) by 88.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 747 shares of the business services provider’s stock after selling 5,785 shares during the quarter. Blue Trust Inc.’s holdings in Rollins were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Montrusco Bolton Investments Inc. raised its position in shares of Rollins by 14.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after buying an additional 1,154,722 shares in the last quarter. Fiera Capital Corp bought a new position in Rollins in the third quarter valued at $43,225,000. Point72 Asset Management L.P. purchased a new stake in Rollins during the third quarter valued at about $28,980,000. Allspring Global Investments Holdings LLC lifted its stake 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 purchasing an additional 490,183 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Rollins by 22.6% during the third 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 last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of ROL stock opened at $51.39 on Friday. The company has a market capitalization of $24.88 billion, a P/E ratio of 53.53 and a beta of 0.76. Rollins, Inc. has a fifty-two week low of $41.72 and a fifty-two week high of $52.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The stock has a 50 day moving average price of $48.48 and a two-hundred day moving average price of $49.19.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS 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%. Analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. Rollins’s dividend payout ratio is currently 68.75%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ROL. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. Barclays began coverage on shares of Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target on the stock. 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. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $52.00.

Insider Buying and Selling

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 stock was 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 in the company, valued at $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.69% of the stock is owned by insiders.

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.