Rollins, Inc. (NYSE:ROL) Shares Sold by MGO One Seven LLC

MGO One Seven LLC lessened its stake in shares of Rollins, Inc. (NYSE:ROL) by 20.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,873 shares of the business services provider’s stock after selling 1,251 shares during the quarter. MGO One Seven LLC’s holdings in Rollins were worth $226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROL. Norges Bank acquired a new position in shares of Rollins during the 4th quarter valued at $176,784,000. Marshall Wace LLP lifted its stake in Rollins by 389.2% during the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock valued at $128,396,000 after purchasing an additional 2,203,859 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Rollins during the fourth quarter valued at approximately $74,249,000. Geode Capital Management LLC boosted its holdings in Rollins by 17.6% during the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock worth $395,819,000 after buying an additional 1,282,508 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Rollins by 9,005.6% in the fourth quarter. Canada Pension Plan Investment Board now owns 833,889 shares of the business services provider’s stock worth $38,651,000 after buying an additional 824,731 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ROL. The Goldman Sachs Group set a $61.00 price objective on Rollins and gave the stock a “buy” rating in a research note on Thursday, April 24th. Barclays lifted their price target on Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, April 4th. UBS Group upped 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. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Finally, Royal Bank of Canada raised their price objective on shares of Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.57.

Rollins Stock Up 0.5 %

Rollins stock opened at $56.32 on Wednesday. The firm’s 50 day moving average price is $53.13 and its two-hundred day moving average price is $50.28. The firm has a market cap of $27.32 billion, a PE ratio of 58.67 and a beta of 0.80. Rollins, Inc. has a twelve month low of $44.29 and a twelve month high of $56.54. 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 announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The business had revenue of $822.50 million during the quarter, compared to analyst estimates of $817.09 million. During the same period last year, the company earned $0.20 earnings per share. Rollins’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, research analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 12th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.17%. Rollins’s payout ratio is 66.67%.

Insider Buying and Selling at Rollins

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of the 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 transaction, the insider now owns 9,602 shares in the company, valued at $509,866.20. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the business’s stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $52.81, for a total transaction of $101,448.01. Following the completion of the sale, the insider now owns 39,640 shares of the company’s stock, valued at $2,093,388.40. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,259 shares of company stock worth $1,047,330 over the last ninety days. 4.47% of the stock is currently owned by insiders.

Rollins Company 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.