Rollins, Inc. (NYSE:ROL) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its stake in Rollins, Inc. (NYSE:ROL) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 53,627 shares of the business services provider’s stock after selling 2,379 shares during the quarter. Sanctuary Advisors LLC’s holdings in Rollins were worth $2,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in Rollins in the third quarter valued at approximately $28,000. True Wealth Design LLC boosted its stake in Rollins by 4,272.2% in the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 769 shares during the period. Versant Capital Management Inc boosted its position in shares of 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 buying an additional 326 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Rollins during the third quarter worth approximately $52,000. Finally, Intact Investment Management Inc. acquired a new position in shares of Rollins during the third quarter worth approximately $71,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ROL shares. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research report on Monday, January 6th. Morgan Stanley boosted their price objective on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Barclays started coverage on Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective for the company. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Rollins presently has an average rating of “Hold” and an average price target of $52.00.

Rollins Price Performance

Shares of NYSE:ROL opened at $51.29 on Friday. Rollins, Inc. has a 12 month low of $41.30 and a 12 month high of $52.83. The stock has a market cap of $24.83 billion, a price-to-earnings ratio of 53.42 and a beta of 0.76. The stock’s 50 day moving average price is $48.28 and its 200 day moving average price is $49.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62.

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

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.29%. Rollins’s payout ratio is 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.