Rollins, Inc. (NYSE:ROL) Shares Sold by Thrive Wealth Management LLC

Thrive Wealth Management LLC reduced its position in shares of Rollins, Inc. (NYSE:ROL) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,173 shares of the business services provider’s stock after selling 357 shares during the period. Thrive Wealth Management LLC’s holdings in Rollins were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Montrusco Bolton Investments Inc. increased its stake in Rollins by 14.0% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after purchasing an additional 1,154,722 shares in the last quarter. Geode Capital Management LLC increased its stake in Rollins by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock worth $366,821,000 after purchasing an additional 157,619 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Rollins by 22.6% in 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Rollins by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider’s stock worth $109,655,000 after purchasing an additional 31,458 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Rollins by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,156,892 shares of the business services provider’s stock worth $105,247,000 after purchasing an additional 172,009 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ROL. UBS Group lifted their target price on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company lifted their target price on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Canaccord Genuity Group began coverage on Rollins in a research note on Tuesday, January 7th. They set a “hold” rating and a $48.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Finally, Barclays began coverage on Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.50.

Rollins Stock Up 0.2 %

Shares of Rollins stock opened at $48.40 on Monday. The firm has a market cap of $23.44 billion, a price-to-earnings ratio of 50.42 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. Rollins, Inc. has a 52-week low of $40.41 and a 52-week high of $52.16. The stock has a 50-day simple moving average of $48.39 and a 200-day simple moving average of $48.95.

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

Rollins Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were issued a $0.165 dividend. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.36%. The ex-dividend date was Tuesday, November 12th. Rollins’s payout ratio is 68.75%.

Insider Buying and Selling

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the transaction, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.69% of the company’s stock.

Rollins Company 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.