Envestnet Portfolio Solutions Inc. Has $1.73 Million Stake in Rollins, Inc. (NYSE:ROL)

Envestnet Portfolio Solutions Inc. lowered its position in Rollins, Inc. (NYSE:ROL) by 2.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,391 shares of the business services provider’s stock after selling 787 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Rollins were worth $1,733,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Montrusco Bolton Investments Inc. grew its position in Rollins by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after acquiring an additional 1,154,722 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Rollins by 2.2% in the third quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock worth $366,821,000 after purchasing an additional 157,619 shares in the last quarter. JPMorgan Chase & Co. increased its position in Rollins by 22.6% during the third 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings in Rollins by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider’s stock valued at $104,347,000 after buying an additional 83,326 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Rollins by 8.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider’s stock worth $103,471,000 after buying an additional 164,720 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ROL shares. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Wells Fargo & Company increased their price target on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Canaccord Genuity Group boosted their price objective 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Finally, Morgan Stanley lifted their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.00.

Insider Activity at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the sale, the insider now directly owns 41,173 shares in the company, valued at approximately $2,131,937.94. This represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $51.18, for a total value of $675,217.74. Following the transaction, the insider now owns 76,526 shares of the company’s stock, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,338 shares of company stock worth $945,882. 4.69% of the stock is owned by corporate insiders.

Rollins Price Performance

Shares of Rollins stock opened at $51.62 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 company has a market cap of $25.00 billion, a PE ratio of 53.77 and a beta of 0.78. The firm has a fifty day moving average price of $50.33 and a two-hundred day moving average price of $49.48. Rollins, Inc. has a fifty-two week low of $41.72 and a fifty-two week high of $53.72.

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

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins’s dividend payout ratio is presently 68.75%.

Rollins 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.