Rollins, Inc. (NYSE:ROL) Shares Sold by Red Spruce Capital LLC

Red Spruce Capital LLC reduced its position in Rollins, Inc. (NYSE:ROL) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,572 shares of the business services provider’s stock after selling 1,361 shares during the period. Red Spruce Capital LLC’s holdings in Rollins were worth $768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in shares of Rollins in the third quarter worth about $28,000. True Wealth Design LLC raised its stake in Rollins by 4,272.2% in the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 769 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Rollins by 57.8% in the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 326 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Rollins during the third quarter worth $52,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of Rollins in the third quarter valued at about $71,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the sale, the insider now owns 124,214 shares in the company, valued at $6,195,794.32. This represents a 10.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.69% of the stock is owned by company insiders.

Rollins Stock Up 0.3 %

NYSE:ROL opened at $48.59 on Wednesday. Rollins, Inc. has a 52 week low of $40.41 and a 52 week high of $52.16. The stock’s fifty day moving average is $48.34 and its two-hundred day moving average is $48.94. The stock has a market capitalization of $23.53 billion, a price-to-earnings ratio of 50.61 and a beta of 0.75. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The firm had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. During the same period in the prior year, the firm earned $0.28 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. Research analysts anticipate that Rollins, Inc. will post 0.99 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ROL. Barclays started coverage on shares of Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective for the company. Wells Fargo & Company lifted their price target on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Morgan Stanley increased 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. Canaccord Genuity Group started coverage on shares of Rollins in a research report on Tuesday, January 7th. They set a “hold” rating and a $48.00 price target on the stock. Finally, UBS Group raised their target price on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.50.

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.