Optivise Advisory Services LLC Sells 274 Shares of Rollins, Inc. (NYSE:ROL)

Optivise Advisory Services LLC reduced its stake in Rollins, Inc. (NYSE:ROL) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,457 shares of the business services provider’s stock after selling 274 shares during the period. Optivise Advisory Services LLC’s holdings in Rollins were worth $207,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. increased its holdings in Rollins by 54.7% during the 3rd quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock worth $8,725,000 after purchasing an additional 61,475 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after acquiring an additional 420,399 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Rollins by 136.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 265,945 shares of the business services provider’s stock worth $12,327,000 after acquiring an additional 153,437 shares during the period. True North Advisors LLC bought a new position in Rollins during the 4th quarter worth about $262,000. Finally, Avanza Fonder AB purchased a new position in Rollins during the 4th quarter valued at about $1,054,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ROL. UBS Group increased their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Canaccord Genuity Group increased their target price on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Morgan Stanley boosted their price target on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Royal Bank of Canada raised their price objective on Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Finally, Barclays boosted their target price on shares of Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, April 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Rollins has a consensus rating of “Hold” and an average price target of $54.50.

Rollins Trading Down 1.8 %

Shares of NYSE:ROL opened at $54.75 on Tuesday. The business’s 50-day moving average is $52.57 and its 200 day moving average is $50.02. 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, Inc. has a 1 year low of $42.25 and a 1 year high of $56.26. The firm has a market capitalization of $26.56 billion, a P/E ratio of 57.03 and a beta of 0.80.

Rollins (NYSE:ROL) last released its earnings results 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%. On average, research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Tuesday, February 25th. Rollins’s payout ratio is 68.75%.

Insider Buying and Selling

In related news, 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 transaction of $675,217.74. Following the completion of the transaction, the insider now owns 76,526 shares of the company’s stock, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the business’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $52.81, for a total value of $101,448.01. Following the completion of the transaction, the insider now directly owns 39,640 shares of the company’s stock, valued at approximately $2,093,388.40. This trade represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,259 shares of company stock worth $1,047,330 in the last 90 days. Insiders own 4.47% of the company’s stock.

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.