D.A. Davidson & CO. Invests $3.06 Million in Rollins, Inc. (NYSE:ROL)

D.A. Davidson & CO. bought a new position in shares of Rollins, Inc. (NYSE:ROL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 65,902 shares of the business services provider’s stock, valued at approximately $3,055,000.

Other large investors also recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in shares of Rollins during the third quarter worth approximately $28,000. True Wealth Design LLC increased its stake in Rollins by 4,272.2% during the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after acquiring an additional 769 shares during the period. Versant Capital Management Inc increased its stake in Rollins by 57.8% during 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. Capital Performance Advisors LLP bought a new position in Rollins during the 3rd quarter worth $52,000. Finally, Intact Investment Management Inc. bought a new position in Rollins during the 3rd quarter worth $71,000. Institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ROL shares. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Wells Fargo & Company raised their price objective on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley lifted their price target on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group lifted their price target on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $52.00.

Rollins Stock Up 1.1 %

Shares of ROL opened at $51.32 on Friday. The company has a market capitalization of $24.85 billion, a PE ratio of 53.45 and a beta of 0.76. Rollins, Inc. has a 12 month low of $40.88 and a 12 month high of $52.83. The stock’s 50-day moving average price is $48.23 and its two-hundred day moving average price is $49.08. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30.

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%. On average, analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

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