Rollins, Inc. (NYSE:ROL) Shares Sold by Choreo LLC

Choreo LLC trimmed its holdings in Rollins, Inc. (NYSE:ROL) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,130 shares of the business services provider’s stock after selling 562 shares during the period. Choreo LLC’s holdings in Rollins were worth $424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROL. Montrusco Bolton Investments Inc. lifted 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. Fiera Capital Corp acquired a new stake in shares of Rollins in the third quarter valued at approximately $43,225,000. Point72 Asset Management L.P. purchased a new position in Rollins during the third quarter worth approximately $28,980,000. JPMorgan Chase & Co. boosted 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 buying an additional 420,399 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Rollins by 535.2% in the 4th quarter. SG Americas Securities LLC now owns 261,379 shares of the business services provider’s stock valued at $12,115,000 after buying an additional 220,230 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Up 0.3 %

Shares of NYSE ROL opened at $50.07 on Thursday. Rollins, Inc. has a 52 week low of $40.41 and a 52 week high of $52.16. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $47.99 and a 200 day moving average price of $48.95. The stock has a market capitalization of $24.25 billion, a price-to-earnings ratio of 52.16 and a beta of 0.76.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. Rollins had a net margin of 14.18% and a return on equity of 38.67%. Equities research analysts anticipate that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.32%. Rollins’s dividend payout ratio is presently 68.75%.

Insider Buying and Selling at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ROL has been the topic of several recent research reports. Morgan Stanley boosted their price target on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Canaccord Genuity Group began coverage on shares of Rollins in a research report on Tuesday, January 7th. They set a “hold” rating and a $48.00 price target on the stock. Barclays assumed coverage on shares of Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target for the company. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, UBS Group increased their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Rollins has a consensus rating of “Hold” and a consensus price target 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.