Rollins, Inc. (NYSE:ROL) Shares Sold by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC lowered its stake in Rollins, Inc. (NYSE:ROL) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,400 shares of the business services provider’s stock after selling 389 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Rollins were worth $111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Rollins by 1.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock worth $489,036,000 after acquiring an additional 148,316 shares during the period. Montrusco Bolton Investments Inc. lifted 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 purchasing an additional 1,154,722 shares during the period. Geode Capital Management LLC boosted its stake 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 purchasing an additional 157,619 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Rollins by 4.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock valued at $137,860,000 after purchasing an additional 133,100 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 in the last quarter. Institutional investors own 51.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ROL. Barclays began coverage on Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Morgan Stanley increased their target price 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. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. Finally, Canaccord Genuity Group started coverage on Rollins in a research report on Tuesday, January 7th. They set a “hold” rating and a $48.00 price objective for the company. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Rollins has an average rating of “Hold” and a consensus target price of $50.83.

Rollins Trading Up 0.9 %

Rollins stock opened at $46.51 on Tuesday. The company has a 50 day moving average price of $48.51 and a 200 day moving average price of $48.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. Rollins, Inc. has a 52 week low of $40.41 and a 52 week high of $52.16. The firm has a market capitalization of $22.53 billion, a price-to-earnings ratio of 48.45 and a beta of 0.75.

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

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. Rollins’s dividend payout ratio is currently 68.75%.

Insiders Place Their Bets

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins 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 completion of the sale, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. The trade was a 10.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.69% of the company’s stock.

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.