iA Global Asset Management Inc. Sells 10,491 Shares of Rollins, Inc. (NYSE:ROL)

iA Global Asset Management Inc. decreased its position in shares of Rollins, Inc. (NYSE:ROL) by 28.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,410 shares of the business services provider’s stock after selling 10,491 shares during the quarter. iA Global Asset Management Inc.’s holdings in Rollins were worth $1,224,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ROL. GSA Capital Partners LLP bought a new stake in Rollins during the third quarter worth about $393,000. Empowered Funds LLC lifted its holdings in shares of Rollins by 7.3% in the third quarter. Empowered Funds LLC now owns 4,604 shares of the business services provider’s stock worth $233,000 after acquiring an additional 313 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Rollins by 28.5% in the third quarter. Natixis Advisors LLC now owns 168,637 shares of the business services provider’s stock worth $8,530,000 after acquiring an additional 37,416 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Rollins by 1,394.6% in the third quarter. Quest Partners LLC now owns 10,029 shares of the business services provider’s stock worth $507,000 after acquiring an additional 9,358 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its holdings in shares of Rollins by 0.5% in the third quarter. Pathstone Holdings LLC now owns 90,831 shares of the business services provider’s stock worth $4,594,000 after acquiring an additional 484 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the sale, the insider now owns 41,173 shares of the company’s stock, valued at $2,131,937.94. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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. In the last 90 days, insiders sold 18,338 shares of company stock valued at $945,882. 4.69% of the stock is currently owned by company insiders.

Rollins Stock Down 0.1 %

Shares of NYSE ROL opened at $51.62 on Friday. The company has a 50 day simple moving average of $50.33 and a 200 day simple moving average of $49.48. The firm has a market cap of $25.00 billion, a PE ratio of 53.77 and a beta of 0.78. Rollins, Inc. has a 1 year low of $41.72 and a 1 year high of $53.72. 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 issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. On average, research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins’s dividend payout ratio is presently 68.75%.

Analysts Set New Price Targets

A number of research analysts have recently commented on ROL shares. UBS Group increased their target price on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Wells Fargo & Company increased their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Rollins in a report on Monday, January 6th. Morgan Stanley increased their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group increased their target price on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Rollins has a consensus rating of “Hold” and a consensus price target of $52.00.

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.