Rollins, Inc. (NYSE:ROL) Shares Sold by HFR Wealth Management LLC

HFR Wealth Management LLC decreased its holdings in Rollins, Inc. (NYSE:ROL) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,535 shares of the business services provider’s stock after selling 725 shares during the period. Rollins comprises approximately 3.1% of HFR Wealth Management LLC’s portfolio, making the stock its 14th largest position. HFR Wealth Management LLC’s holdings in Rollins were worth $12,632,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Eastern Bank grew its stake in shares of Rollins by 0.5% during the fourth quarter. Eastern Bank now owns 50,410 shares of the business services provider’s stock worth $2,337,000 after purchasing an additional 236 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of Rollins by 1.9% during the third quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider’s stock worth $672,000 after purchasing an additional 252 shares in the last quarter. New York Life Investment Management LLC grew its stake in shares of Rollins by 0.7% during the fourth quarter. New York Life Investment Management LLC now owns 37,794 shares of the business services provider’s stock worth $1,752,000 after purchasing an additional 274 shares in the last quarter. Motley Fool Asset Management LLC grew its stake in shares of Rollins by 3.0% during the third quarter. Motley Fool Asset Management LLC now owns 10,072 shares of the business services provider’s stock worth $509,000 after purchasing an additional 289 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in shares of Rollins by 25.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider’s stock worth $66,000 after purchasing an additional 292 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on ROL shares. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Canaccord Genuity Group boosted their target price on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Morgan Stanley boosted 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. Wells Fargo & Company boosted their price target on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Barclays began coverage on shares of Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $52.00.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total value 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. This represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.69% of the company’s stock.

Rollins Price Performance

Shares of ROL opened at $52.96 on Tuesday. Rollins, Inc. has a 1-year low of $41.72 and a 1-year high of $53.19. The stock has a market cap of $25.64 billion, a PE ratio of 55.17 and a beta of 0.76. 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 firm has a fifty day moving average price of $48.81 and a 200 day moving average price of $49.28.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. As a group, sell-side analysts anticipate 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 Monday, March 10th. Stockholders of record on Tuesday, February 25th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.25%. Rollins’s payout ratio is 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.