Rollins, Inc. (NYSE:ROL) Stake Cut by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its holdings in Rollins, Inc. (NYSE:ROL) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,391 shares of the business services provider’s stock after selling 787 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Rollins were worth $1,733,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Montrusco Bolton Investments Inc. raised its position in shares of 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 purchasing an additional 1,154,722 shares during the period. Geode Capital Management LLC increased its position 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 buying an additional 157,619 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Rollins by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after acquiring an additional 420,399 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Rollins by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider’s stock valued at $104,347,000 after acquiring an additional 83,326 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Rollins by 8.0% in the 4th quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider’s stock worth $103,471,000 after acquiring an additional 164,720 shares during the period. Institutional investors own 51.79% of the company’s stock.

Insider Activity

In related news, insider Traci Hornfeck sold 3,224 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total value of $171,194.40. Following the completion of the transaction, the insider now owns 9,602 shares of the company’s stock, valued at approximately $509,866.20. This trade represents a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the sale, the insider now directly owns 41,173 shares of the company’s stock, valued at approximately $2,131,937.94. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,338 shares of company stock worth $945,882. Insiders own 4.69% of the company’s stock.

Rollins Trading Down 0.1 %

Shares of ROL stock opened at $51.62 on Friday. The stock has a 50-day simple moving average of $50.33 and a 200 day simple moving average of $49.48. The stock has a market capitalization of $25.00 billion, a P/E ratio of 53.77 and a beta of 0.78. Rollins, Inc. has a fifty-two week low of $41.72 and a fifty-two week high of $53.72. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share 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, sell-side analysts expect 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. Shareholders of record on Tuesday, February 25th were issued a $0.165 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.28%. Rollins’s dividend payout ratio is currently 68.75%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley upped their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. UBS Group increased their price objective on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Wells Fargo & Company increased their price target on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, Canaccord Genuity Group lifted their price objective on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Rollins has a consensus rating of “Hold” and a consensus target price of $52.00.

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.