Amundi Sells 656,533 Shares of Rollins, Inc. (NYSE:ROL)

Amundi reduced its position in shares of Rollins, Inc. (NYSE:ROL) by 50.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 657,234 shares of the business services provider’s stock after selling 656,533 shares during the quarter. Amundi’s holdings in Rollins were worth $30,463,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ROL. Raymond James Financial Inc. bought a new stake in shares of Rollins during the 4th quarter valued at about $74,249,000. Montrusco Bolton Investments Inc. grew its stake in shares of 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 valued at $465,503,000 after purchasing an additional 1,154,722 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Rollins during the 3rd quarter valued at about $28,980,000. Allspring Global Investments Holdings LLC grew its stake in shares of Rollins by 96.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider’s stock valued at $46,046,000 after purchasing an additional 490,183 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after purchasing an additional 420,399 shares during the period. 51.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research note on Monday, January 6th. Wells Fargo & Company lifted their price objective on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group lifted their price objective on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Finally, Canaccord Genuity Group lifted 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $52.00.

Insider Buying and Selling

In other news, insider Traci Hornfeck sold 3,224 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the sale, the insider now directly owns 9,602 shares of the company’s stock, valued at $509,866.20. This represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 $2,131,937.94. This trade represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,338 shares of company stock valued at $945,882. Corporate insiders own 4.69% of the company’s stock.

Rollins Stock Down 2.6 %

ROL stock opened at $50.58 on Thursday. The business’s 50-day moving average price is $49.56 and its 200-day moving average price is $49.40. 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, Inc. has a twelve month low of $41.72 and a twelve month high of $53.72. The stock has a market cap of $24.49 billion, a P/E ratio of 52.68 and a beta of 0.78.

Rollins (NYSE:ROL) last posted its quarterly 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 return on equity of 37.94% and a net margin of 13.76%. On average, equities research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were issued a $0.165 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.30%. 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.