Cibc World Markets Corp Buys 6,021 Shares of Rollins, Inc. (NYSE:ROL)

Cibc World Markets Corp raised its stake in Rollins, Inc. (NYSE:ROL) by 15.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,750 shares of the business services provider’s stock after buying an additional 6,021 shares during the period. Cibc World Markets Corp’s holdings in Rollins were worth $2,074,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Postrock Partners LLC bought a new position in shares of Rollins in the 4th quarter worth $1,259,000. Atala Financial Inc purchased a new stake in shares of Rollins in the 4th quarter valued at $47,000. Commonwealth Equity Services LLC boosted its stake in shares of Rollins by 168.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 40,342 shares of the business services provider’s stock valued at $1,870,000 after purchasing an additional 25,288 shares in the last quarter. Impact Capital Partners LLC purchased a new stake in shares of Rollins in the 4th quarter valued at $588,000. Finally, DecisionMap Wealth Management LLC purchased a new stake in shares of Rollins in the 4th quarter valued at $872,000. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 0.1 %

Shares of ROL opened at $51.62 on Friday. The firm has a fifty day simple moving average of $50.33 and a two-hundred day simple moving average of $49.48. Rollins, Inc. has a twelve month low of $41.72 and a twelve month high of $53.72. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $25.00 billion, a P/E ratio of 53.77 and a beta of 0.78.

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

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a $0.165 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.28%. Rollins’s dividend payout ratio is 68.75%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ROL. Morgan Stanley upped 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. Wells Fargo & Company upped their price objective on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Canaccord Genuity Group upped their price objective on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $52.00.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the completion of the transaction, the insider now directly owns 76,526 shares in the company, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the transaction, the insider now owns 41,173 shares of the company’s stock, valued at approximately $2,131,937.94. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,338 shares of company stock valued at $945,882. Company 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.