Voloridge Investment Management LLC Lowers Holdings in Rollins, Inc. (NYSE:ROL)

Voloridge Investment Management LLC lessened its holdings in shares of Rollins, Inc. (NYSE:ROL) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,002,254 shares of the business services provider’s stock after selling 141,433 shares during the quarter. Voloridge Investment Management LLC owned about 0.21% of Rollins worth $46,454,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Keel Point LLC lifted its holdings in shares of Rollins by 5.1% in the fourth quarter. Keel Point LLC now owns 5,397 shares of the business services provider’s stock worth $250,000 after buying an additional 262 shares in the last quarter. Kensington Investment Counsel LLC lifted its stake in Rollins by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider’s stock worth $1,767,000 after purchasing an additional 263 shares in the last quarter. New York Life Investment Management LLC boosted its holdings in shares of Rollins by 0.7% during 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 purchasing an additional 274 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Rollins by 25.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 292 shares during the last quarter. Finally, Mather Group LLC. grew its position in shares of Rollins by 9.8% during the fourth quarter. Mather Group LLC. now owns 3,325 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 298 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Down 0.2%

Shares of ROL opened at $57.32 on Wednesday. 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 business has a fifty day moving average of $54.56 and a 200 day moving average of $51.12. The company has a market cap of $27.78 billion, a PE ratio of 59.71 and a beta of 0.79. Rollins, Inc. has a 52-week low of $45.00 and a 52-week high of $57.63.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Rollins had a net margin of 13.76% and a return on equity of 37.94%. The business had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, sell-side analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.165 per share. The ex-dividend date is Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.15%. Rollins’s dividend payout ratio is 66.67%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ROL shares. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Royal Bank of Canada upped their price objective on Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. The Goldman Sachs Group set a $61.00 target price on Rollins and gave the company a “buy” rating in a research report on Thursday, April 24th. Barclays boosted their price target on shares of Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, April 4th. Finally, Morgan Stanley increased their price objective on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Rollins has an average rating of “Moderate Buy” and a consensus price target of $55.57.

Insider Transactions at Rollins

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the business’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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the business’s stock in a transaction dated 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 directly owns 41,173 shares of the company’s stock, valued at approximately $2,131,937.94. This trade represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,180 shares of company stock worth $1,155,943. 4.47% of the stock is currently owned by company 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.