RB Capital Management LLC Reduces Stake in Rollins, Inc. (NYSE:ROL)

RB Capital Management LLC lowered its stake in Rollins, Inc. (NYSE:ROL) by 1.9% in the 4th quarter, HoldingsChannel reports. The fund owned 24,384 shares of the business services provider’s stock after selling 468 shares during the period. RB Capital Management LLC’s holdings in Rollins were worth $1,130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Rollins by 17.6% in the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock worth $395,819,000 after acquiring an additional 1,282,508 shares in the last quarter. Invesco Ltd. boosted its position in shares of Rollins by 16.9% during the fourth quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider’s stock valued at $197,778,000 after buying an additional 617,876 shares during the period. Norges Bank purchased a new position in shares of Rollins during the fourth quarter valued at approximately $176,784,000. Northern Trust Corp boosted its position in shares of Rollins by 11.8% during the fourth quarter. Northern Trust Corp now owns 3,046,844 shares of the business services provider’s stock valued at $141,221,000 after buying an additional 322,610 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Rollins by 389.2% during the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock valued at $128,396,000 after buying an additional 2,203,859 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Transactions at Rollins

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the transaction, the insider now directly owns 76,526 shares of the company’s stock, valued at $3,916,600.68. This represents a 14.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $56.54, for a total value of $108,613.34. Following the transaction, the insider now directly owns 38,028 shares in the company, valued at $2,150,103.12. This represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,180 shares of company stock valued at $1,155,943. Corporate insiders own 4.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ROL shares. Canaccord Genuity Group boosted their price target on Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a report on Friday, April 25th. Morgan Stanley boosted 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. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. Barclays boosted their price target on Rollins from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, April 4th. Finally, Royal Bank of Canada boosted their price target on Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $55.57.

Rollins Trading Down 0.5%

ROL opened at $57.02 on Thursday. The firm has a market cap of $27.63 billion, a price-to-earnings ratio of 59.39 and a beta of 0.79. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a 12 month low of $45.00 and a 12 month high of $57.63. The stock has a fifty day moving average price of $54.67 and a 200-day moving average price of $51.16.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $822.50 million during the quarter, compared to analyst estimates of $817.09 million. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. As a group, equities research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Monday, May 12th. Rollins’s payout ratio is 66.67%.

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.