CIBC Private Wealth Group LLC Has $4.14 Million Stock Position in Rollins, Inc. (NYSE:ROL)

CIBC Private Wealth Group LLC reduced its stake in shares of Rollins, Inc. (NYSE:ROL) by 0.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 89,322 shares of the business services provider’s stock after selling 307 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Rollins were worth $4,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp acquired a new position in shares of Rollins during the fourth quarter valued at about $29,000. Centricity Wealth Management LLC acquired a new position in Rollins in the 4th quarter valued at approximately $31,000. Versant Capital Management Inc lifted its position in shares of Rollins by 57.8% in the 4th 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. Atala Financial Inc bought a new stake in shares of Rollins in the 4th quarter worth approximately $47,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Rollins by 25.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider’s stock worth $66,000 after purchasing an additional 292 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROL has been the subject of a number of recent research reports. Canaccord Genuity Group upped their target price on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Morgan Stanley upped their target price on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, UBS Group raised their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Rollins has a consensus rating of “Hold” and an average target price of $52.00.

Insider Activity

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the sale, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Traci Hornfeck sold 3,224 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the transaction, the insider now directly owns 9,602 shares of the company’s stock, valued at approximately $509,866.20. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,338 shares of company stock worth $945,882. 4.47% of the stock is owned by corporate insiders.

Rollins Stock Up 0.5 %

ROL opened at $54.32 on Wednesday. Rollins, Inc. has a twelve month low of $41.72 and a twelve month high of $54.43. The firm has a market cap of $26.35 billion, a price-to-earnings ratio of 56.58 and a beta of 0.78. The firm’s 50-day simple moving average is $51.11 and its 200-day simple moving average is $49.62. 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 (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, hitting the consensus estimate of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Tuesday, February 25th. Rollins’s 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.