Hilltop National Bank Sells 292 Shares of Rollins, Inc. (NYSE:ROL)

Hilltop National Bank trimmed its stake in Rollins, Inc. (NYSE:ROL) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,225 shares of the business services provider’s stock after selling 292 shares during the period. Hilltop National Bank’s holdings in Rollins were worth $149,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of Rollins in the third quarter worth approximately $28,000. Quest Partners LLC bought a new position in shares of Rollins in the second quarter worth approximately $33,000. True Wealth Design LLC increased its position in shares of Rollins by 4,272.2% in the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after purchasing an additional 769 shares during the last quarter. Versant Capital Management Inc boosted its stake in Rollins by 57.8% in the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after buying an additional 326 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Rollins in the third quarter worth approximately $52,000. 51.79% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the transaction, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.69% of the company’s stock.

Analysts Set New Price Targets

ROL has been the subject of several research reports. Wells Fargo & Company upped their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Canaccord Genuity Group assumed coverage on Rollins in a research note on Tuesday. They set a “hold” rating and a $48.00 price objective for the company. Barclays assumed coverage on Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Finally, StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Rollins presently has a consensus rating of “Hold” and a consensus price target of $50.83.

Rollins Price Performance

ROL opened at $46.11 on Friday. The stock has a fifty day simple moving average of $48.54 and a two-hundred day simple moving average of $49.02. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The company has a market cap of $22.33 billion, a price-to-earnings ratio of 48.03 and a beta of 0.75. Rollins, Inc. has a 12-month low of $40.41 and a 12-month high of $52.16.

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

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, November 12th. This is an increase from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.43%. Rollins’s dividend payout ratio (DPR) is presently 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.