Rollins, Inc. (NYSE:ROL) Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB boosted its holdings in Rollins, Inc. (NYSE:ROL) by 116.4% during the 4th quarter, Holdings Channel reports. The fund owned 16,584 shares of the business services provider’s stock after acquiring an additional 8,919 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Rollins were worth $769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in ROL. Montrusco Bolton Investments Inc. grew its stake in shares of Rollins by 14.0% in the third 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 lifted its holdings in Rollins by 2.2% in the third 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 during the period. JPMorgan Chase & Co. grew its position 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 valued at $115,323,000 after buying an additional 420,399 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Rollins by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider’s stock valued at $109,655,000 after buying an additional 31,458 shares during the period. Finally, Eventide Asset Management LLC raised its position in shares of Rollins by 2.0% during the 3rd quarter. Eventide Asset Management LLC now owns 1,739,892 shares of the business services provider’s stock worth $88,004,000 after buying an additional 34,746 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

ROL has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Morgan Stanley lifted their price target on 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 assumed coverage on Rollins in a research note on Tuesday, January 7th. They issued a “hold” rating and a $48.00 price objective on the stock. UBS Group raised their target price on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Finally, StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.50.

Insider Activity

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the sale, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.69% of the stock is owned by company insiders.

Rollins Stock Down 0.3 %

Shares of Rollins stock opened at $49.93 on Tuesday. 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, Inc. has a 12-month low of $40.41 and a 12-month high of $52.16. The firm has a market capitalization of $24.18 billion, a PE ratio of 52.01 and a beta of 0.76. The stock’s fifty day moving average is $47.98 and its 200-day moving average is $48.90.

Rollins Announces Dividend

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 given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is currently 68.75%.

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.