Sargent Investment Group LLC Purchases 58,693 Shares of Rollins, Inc. (NYSE:ROL)

Sargent Investment Group LLC boosted its holdings in Rollins, Inc. (NYSE:ROL) by 877.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,383 shares of the business services provider’s stock after purchasing an additional 58,693 shares during the period. Sargent Investment Group LLC’s holdings in Rollins were worth $3,039,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mather Group LLC. raised its stake in Rollins by 9.8% in the fourth quarter. Mather Group LLC. now owns 3,325 shares of the business services provider’s stock valued at $154,000 after buying an additional 298 shares during the period. Trust Point Inc. bought a new stake in shares of Rollins during the 4th quarter worth $745,000. Conestoga Capital Advisors LLC increased its position in Rollins by 1.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,022,325 shares of the business services provider’s stock worth $47,385,000 after purchasing an additional 12,755 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Rollins by 45.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 287,536 shares of the business services provider’s stock valued at $13,327,000 after acquiring an additional 89,899 shares during the last quarter. Finally, Mediolanum International Funds Ltd acquired a new position in shares of Rollins in the fourth quarter valued at approximately $796,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ROL shares. UBS Group raised their target price on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research report on Monday. Morgan Stanley boosted their price target on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Rollins in a report on Monday, January 6th. Finally, Barclays started coverage on shares of Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price for the company. 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 has a consensus rating of “Hold” and an average price target of $51.50.

Insider Buying and Selling at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.69% of the company’s stock.

Rollins Stock Performance

Rollins stock opened at $49.10 on Wednesday. Rollins, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $52.16. The firm’s fifty day moving average price is $48.04 and its 200-day moving average price is $48.91. The stock has a market cap of $23.78 billion, a P/E ratio of 51.14 and a beta of 0.76. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s payout ratio is presently 68.75%.

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.