Family Legacy Inc. Takes $334,000 Position in Rollins, Inc. (NYSE:ROL)

Family Legacy Inc. bought a new stake in Rollins, Inc. (NYSE:ROL) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,200 shares of the business services provider’s stock, valued at approximately $334,000.

Other large investors also recently added to or reduced their stakes in the company. Eastern Bank increased its holdings in Rollins by 0.5% during the 4th quarter. Eastern Bank now owns 50,410 shares of the business services provider’s stock worth $2,337,000 after purchasing an additional 236 shares during the period. Kensington Investment Counsel LLC raised its position in Rollins by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider’s stock worth $1,767,000 after buying an additional 263 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Rollins by 0.7% in the 4th quarter. New York Life Investment Management LLC now owns 37,794 shares of the business services provider’s stock valued at $1,752,000 after buying an additional 274 shares during the period. Motley Fool Asset Management LLC grew its stake in shares of Rollins by 3.0% during the 3rd quarter. Motley Fool Asset Management LLC now owns 10,072 shares of the business services provider’s stock worth $509,000 after purchasing an additional 289 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in Rollins by 25.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider’s stock valued at $66,000 after buying an additional 292 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the transaction, the insider now directly owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. The trade was a 14.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Traci Hornfeck sold 3,224 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the sale, the insider now directly owns 9,602 shares of the company’s stock, valued at approximately $509,866.20. This trade represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,338 shares of company stock valued at $945,882. 4.47% of the stock is currently owned by corporate insiders.

Rollins Trading Down 1.4 %

NYSE:ROL opened at $53.04 on Monday. Rollins, Inc. has a 12 month low of $41.72 and a 12 month high of $54.00. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The firm has a market cap of $25.73 billion, a price-to-earnings ratio of 55.25 and a beta of 0.78. The company’s 50 day moving average is $50.88 and its 200-day moving average is $49.56.

Rollins (NYSE:ROL) last issued 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 analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.24%. Rollins’s dividend payout ratio is 68.75%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Morgan Stanley raised their price target on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Rollins in a report on Monday, January 6th. UBS Group raised their price objective on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Finally, Canaccord Genuity Group raised their price target on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $52.00.

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.