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

HFR Wealth Management LLC trimmed its position in Rollins, Inc. (NYSE:ROL) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 272,535 shares of the business services provider’s stock after selling 725 shares during the period. Rollins comprises about 3.1% of HFR Wealth Management LLC’s portfolio, making the stock its 14th largest holding. HFR Wealth Management LLC owned approximately 0.06% of Rollins worth $12,632,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. boosted 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 worth $8,725,000 after buying an additional 61,475 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Rollins in the 3rd quarter worth about $1,428,000. Westfield Capital Management Co. LP acquired a new stake in Rollins in the 3rd quarter worth about $5,102,000. Intech Investment Management LLC lifted its stake in Rollins by 13.7% in the 3rd 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted 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. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Canaccord Genuity Group raised their target price on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Morgan Stanley raised their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company raised their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $52.00.

Rollins Stock Up 1.1 %

ROL stock opened at $52.96 on Tuesday. The firm has a market cap of $25.64 billion, a PE ratio of 55.17 and a beta of 0.76. 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 firm’s 50 day moving average price is $48.81 and its 200-day moving average price is $49.28. Rollins, Inc. has a one year low of $41.72 and a one year high of $53.19.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. On average, equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Tuesday, February 25th. Rollins’s payout ratio is 68.75%.

Insider Buying and Selling at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of the business’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 value of $675,217.74. Following the sale, the insider now owns 76,526 shares of the company’s stock, valued at $3,916,600.68. The trade was a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.69% of the stock is owned by corporate insiders.

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.