Rollins, Inc. (NYSE:ROL) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its stake in shares of Rollins, Inc. (NYSE:ROL) by 1.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 527,522 shares of the business services provider’s stock after selling 7,822 shares during the period. Sei Investments Co.’s holdings in Rollins were worth $24,451,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in Rollins during the 3rd quarter valued at $28,000. Centricity Wealth Management LLC acquired a new stake in shares of Rollins in the fourth quarter valued at $31,000. True Wealth Design LLC boosted its stake in Rollins by 4,272.2% during the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after buying an additional 769 shares in the last quarter. Versant Capital Management Inc grew its holdings in Rollins by 57.8% during the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after acquiring an additional 326 shares during the period. Finally, Atala Financial Inc bought a new stake in Rollins in the fourth quarter worth about $47,000. Institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

Shares of NYSE:ROL opened at $53.03 on Thursday. The company’s fifty day moving average is $50.68 and its two-hundred day moving average is $49.52. The company has a market cap of $25.72 billion, a P/E ratio of 55.24 and a beta of 0.78. Rollins, Inc. has a 12-month low of $41.72 and a 12-month 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 results 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 return on equity of 37.94% and a net margin of 13.76%. Equities 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. Stockholders of record on Tuesday, February 25th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is 68.75%.

Insider Buying and Selling

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the sale, the insider now owns 9,602 shares of the company’s stock, valued at $509,866.20. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Elizabeth B. Chandler sold 13,193 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the transaction, the insider now owns 76,526 shares in the company, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,338 shares of company stock worth $945,882. 4.69% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective 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. Canaccord Genuity Group upped their price target on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a report on Friday, February 14th. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Wells Fargo & Company boosted their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $52.00.

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.