Cabot Wealth Management Inc. Purchases 417 Shares of Rollins, Inc. (NYSE:ROL)

Cabot Wealth Management Inc. raised its holdings in Rollins, Inc. (NYSE:ROL) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,027 shares of the business services provider’s stock after buying an additional 417 shares during the period. Cabot Wealth Management Inc.’s holdings in Rollins were worth $3,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ROL. Montrusco Bolton Investments Inc. grew its position in Rollins by 14.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after buying an additional 1,154,722 shares during the period. Geode Capital Management LLC boosted its holdings in Rollins by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock valued at $366,821,000 after acquiring an additional 157,619 shares during the period. JPMorgan Chase & Co. lifted its holdings in Rollins by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after buying an additional 420,399 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Rollins by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider’s stock valued at $109,655,000 after buying an additional 31,458 shares during the period. Finally, Eventide Asset Management LLC raised its holdings in Rollins by 2.0% in the third quarter. Eventide Asset Management LLC now owns 1,739,892 shares of the business services provider’s stock worth $88,004,000 after purchasing an additional 34,746 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

NYSE:ROL opened at $51.29 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The business has a 50 day simple moving average of $48.28 and a 200-day simple moving average of $49.12. The firm has a market capitalization of $24.83 billion, a price-to-earnings ratio of 53.42 and a beta of 0.76. Rollins, Inc. has a 1 year low of $41.30 and a 1 year high of $52.83.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Equities analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, February 25th. Rollins’s payout ratio is 68.75%.

Analyst Ratings Changes

ROL has been the topic of several recent research reports. Canaccord Genuity Group upped their price target on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Barclays started coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. UBS Group boosted their target price on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Morgan Stanley raised their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company upped their price objective on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $52.00.

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.