APG Asset Management N.V. Decreases Stake in Rollins, Inc. (NYSE:ROL)

APG Asset Management N.V. trimmed its position in Rollins, Inc. (NYSE:ROL) by 34.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,668,041 shares of the business services provider’s stock after selling 5,483,726 shares during the period. Rollins accounts for 1.3% of APG Asset Management N.V.’s investment portfolio, making the stock its 9th biggest position. APG Asset Management N.V.’s holdings in Rollins were worth $477,512,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Rollins during the fourth quarter worth about $206,000. Abacus FCF Advisors LLC increased its holdings in shares of Rollins by 46.5% in the 4th quarter. Abacus FCF Advisors LLC now owns 56,243 shares of the business services provider’s stock worth $2,607,000 after buying an additional 17,856 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Rollins by 3.4% in the 4th quarter. Bank of Nova Scotia now owns 37,641 shares of the business services provider’s stock worth $1,745,000 after buying an additional 1,229 shares during the last quarter. Shelton Capital Management raised its position in shares of Rollins by 6.6% during the 4th quarter. Shelton Capital Management now owns 14,417 shares of the business services provider’s stock valued at $668,000 after buying an additional 898 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Rollins by 16.9% during the 4th quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider’s stock worth $197,778,000 after acquiring an additional 617,876 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Price Performance

Shares of ROL stock opened at $50.92 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. Rollins, Inc. has a fifty-two week low of $41.72 and a fifty-two week high of $56.26. The firm has a market cap of $24.70 billion, a P/E ratio of 53.04 and a beta of 0.80. The business’s 50 day moving average price is $51.49 and its 200-day moving average price is $49.70.

Rollins (NYSE:ROL) last released 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 net margin of 13.76% and a return on equity of 37.94%. On average, equities research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently disclosed 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 yield of 1.30%. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Wall Street Analyst Weigh In

ROL has been the topic of a number of research reports. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. UBS Group boosted their target price on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Wells Fargo & Company boosted their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Barclays lifted their target price on shares of Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $52.83.

Insiders Place Their Bets

In related news, insider Traci Hornfeck sold 3,224 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 9,602 shares of the company’s stock, valued at $509,866.20. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the transaction, the insider now directly owns 76,526 shares of the company’s stock, valued at $3,916,600.68. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,338 shares of company stock worth $945,882. Company insiders own 4.47% of the company’s stock.

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.