Impact Capital Partners LLC Acquires Shares of 12,683 Rollins, Inc. (NYSE:ROL)

Impact Capital Partners LLC bought a new position in shares of Rollins, Inc. (NYSE:ROL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,683 shares of the business services provider’s stock, valued at approximately $588,000.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Rollins during the fourth quarter valued at approximately $74,249,000. 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 valued at $465,503,000 after purchasing an additional 1,154,722 shares during the period. Point72 Asset Management L.P. bought a new position in Rollins in the 3rd quarter worth $28,980,000. Allspring Global Investments Holdings LLC lifted its position in shares of Rollins by 96.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider’s stock worth $46,046,000 after purchasing an additional 490,183 shares during the period. Finally, JPMorgan Chase & Co. boosted 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 in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Stock Up 0.3 %

ROL stock opened at $50.69 on Friday. Rollins, Inc. has a twelve month low of $41.72 and a twelve month high of $53.72. The firm has a market cap of $24.55 billion, a PE ratio of 52.81 and a beta of 0.78. The business has a 50 day moving average of $49.65 and a 200 day moving average of $49.41. 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 announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (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%. On average, research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Tuesday, February 25th. Rollins’s payout ratio is 68.75%.

Insider Activity at Rollins

In other news, insider Thomas D. Tesh sold 1,921 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $51.78, for a total transaction of $99,469.38. Following the sale, the insider now owns 41,173 shares of the company’s stock, valued at $2,131,937.94. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the sale, the insider now owns 76,526 shares of the company’s stock, valued at $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,338 shares of company stock valued at $945,882 over the last 90 days. Corporate insiders own 4.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ROL. Wells Fargo & Company increased their price target 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. Canaccord Genuity Group increased their target price on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Morgan Stanley increased their price objective on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.