Smartleaf Asset Management LLC Cuts Stock Position in Rollins, Inc. (NYSE:ROL)

Smartleaf Asset Management LLC lessened its position in shares of Rollins, Inc. (NYSE:ROL) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,792 shares of the business services provider’s stock after selling 632 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Rollins were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in shares of Rollins during the third quarter worth about $28,000. Centricity Wealth Management LLC acquired a new stake in Rollins in the 4th quarter worth approximately $31,000. True Wealth Design LLC grew its position in Rollins by 4,272.2% during the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after purchasing an additional 769 shares during the last quarter. Versant Capital Management Inc increased its stake in Rollins by 57.8% during the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 326 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Rollins in the third quarter worth $52,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Rollins Stock Up 0.2 %

Rollins stock opened at $52.62 on Thursday. The business’s 50-day moving average price is $49.04 and its 200 day moving average price is $49.33. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The firm has a market cap of $25.48 billion, a price-to-earnings ratio of 54.81 and a beta of 0.76. Rollins, Inc. has a 52 week low of $41.72 and a 52 week high of $53.72.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. As a group, sell-side analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

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 1.25%. Rollins’s payout ratio is 68.75%.

Insiders Place Their Bets

In other 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 completion of the sale, the insider now directly owns 76,526 shares in the company, valued at $3,916,600.68. The trade was a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Traci Hornfeck sold 3,224 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the transaction, the insider now directly owns 9,602 shares of the company’s stock, valued at approximately $509,866.20. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.

Rollins 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.