Trust Point Inc. Purchases Shares of 16,067 Rollins, Inc. (NYSE:ROL)

Trust Point Inc. acquired a new position in shares of Rollins, Inc. (NYSE:ROL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,067 shares of the business services provider’s stock, valued at approximately $745,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. grew its holdings in Rollins by 54.7% in the 3rd quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock valued at $8,725,000 after buying an additional 61,475 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Rollins in the third quarter valued at approximately $1,428,000. Westfield Capital Management Co. LP acquired a new position in Rollins during the third quarter worth approximately $5,102,000. Intech Investment Management LLC raised its stake in Rollins by 13.7% during the third 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. raised 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 period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

ROL has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. 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. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Rollins in a report on Monday, January 6th. UBS Group raised their price target on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Finally, StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.50.

Rollins Trading Down 1.1 %

ROL opened at $49.10 on Wednesday. The firm’s 50 day moving average is $48.04 and its 200-day moving average is $48.91. 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 market capitalization of $23.78 billion, a P/E ratio of 51.14 and a beta of 0.76.

Rollins Dividend Announcement

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 of this dividend is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.34%. Rollins’s dividend payout ratio is currently 68.75%.

Insider Buying and Selling at Rollins

In other Rollins 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 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 represents a 10.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.69% of the stock is currently owned by corporate 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.