Amalgamated Bank Sells 1,211 Shares of Rollins, Inc. (NYSE:ROL)

Amalgamated Bank trimmed its holdings in Rollins, Inc. (NYSE:ROL) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,995 shares of the business services provider’s stock after selling 1,211 shares during the quarter. Amalgamated Bank’s holdings in Rollins were worth $3,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Brooklyn Investment Group purchased a new stake in Rollins in the third quarter worth about $28,000. Centricity Wealth Management LLC bought a new stake in shares of Rollins in the 4th quarter worth approximately $31,000. True Wealth Design LLC grew its stake in shares of Rollins by 4,272.2% in the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after buying an additional 769 shares during the last quarter. Versant Capital Management Inc increased its position in Rollins by 57.8% during the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after buying an additional 326 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Rollins during the third quarter valued at $52,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Up 1.9 %

ROL opened at $52.40 on Friday. The stock has a market capitalization of $25.37 billion, a price-to-earnings ratio of 54.58 and a beta of 0.76. The firm has a 50 day moving average price of $48.68 and a 200-day moving average price of $49.25. Rollins, Inc. has a twelve month low of $41.72 and a twelve month high of $52.83. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Equities research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s dividend payout ratio is 68.75%.

Insider Buying and Selling at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the transaction, the insider now directly owns 76,526 shares in the company, valued at approximately $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.69% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ROL has been the topic of a number of recent research reports. Barclays started coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. Morgan Stanley raised their price objective on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. UBS Group upped their target price on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Canaccord Genuity Group upped their price objective on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $52.00.

About Rollins

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.