Rollins, Inc. (NYSE:ROL) Shares Sold by ING Groep NV

ING Groep NV decreased its stake in shares of Rollins, Inc. (NYSE:ROL) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,876 shares of the business services provider’s stock after selling 1,692 shares during the period. ING Groep NV’s holdings in Rollins were worth $1,663,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in ROL. Montrusco Bolton Investments Inc. increased its position in Rollins by 14.0% during the 3rd 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 in the last quarter. Geode Capital Management LLC grew its holdings in shares of Rollins by 2.2% during 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 buying an additional 157,619 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Rollins by 1.5% in 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 last quarter. Finally, Eventide Asset Management LLC lifted its stake in shares of Rollins by 2.0% during the third quarter. Eventide Asset Management LLC now owns 1,739,892 shares of the business services provider’s stock valued at $88,004,000 after buying an additional 34,746 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Rollins Stock Performance

Rollins stock opened at $51.29 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. Rollins, Inc. has a 12 month low of $41.30 and a 12 month high of $52.83. The company has a market cap of $24.83 billion, a price-to-earnings ratio of 53.42 and a beta of 0.76. The stock’s 50-day moving average is $48.28 and its 200-day moving average is $49.13.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share 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%. Equities analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ROL. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Wells Fargo & Company upped their target price on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. UBS Group increased their target price on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Morgan Stanley lifted their price target on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.00.

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.