Wealthfront Advisers LLC Sells 73,085 Shares of Rollins, Inc. (NYSE:ROL)

Wealthfront Advisers LLC lessened its holdings in Rollins, Inc. (NYSE:ROL) by 81.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,365 shares of the business services provider’s stock after selling 73,085 shares during the period. Wealthfront Advisers LLC’s holdings in Rollins were worth $825,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ROL. Raymond James Financial Inc. bought a new position in shares of Rollins in the 4th quarter worth approximately $74,249,000. Montrusco Bolton Investments Inc. raised its stake in Rollins by 14.0% during 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 acquiring an additional 1,154,722 shares during the period. Point72 Asset Management L.P. bought a new stake in Rollins during the 3rd quarter worth approximately $28,980,000. Allspring Global Investments Holdings LLC raised its stake in Rollins by 96.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider’s stock worth $46,046,000 after acquiring an additional 490,183 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after acquiring an additional 420,399 shares during the period. Institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling

In other news, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction on Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the sale, the insider now directly owns 41,173 shares in the company, valued at approximately $2,131,937.94. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction 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 approximately $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,338 shares of company stock worth $945,882 over the last three months. 4.69% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on ROL. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday. Canaccord Genuity Group increased their price objective on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a report on Friday, February 14th. 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. Finally, UBS Group increased their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $52.00.

Rollins Trading Up 1.4 %

ROL stock opened at $51.44 on Friday. The firm has a fifty day moving average price of $49.75 and a 200 day moving average price of $49.42. Rollins, Inc. has a fifty-two week low of $41.72 and a fifty-two week high of $53.72. 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 has a market cap of $24.91 billion, a PE ratio of 53.59 and a beta of 0.78.

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

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were given a $0.165 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.28%. Rollins’s dividend payout ratio is presently 68.75%.

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.