Parkside Financial Bank & Trust Lowers Stock Position in Rollins, Inc. (NYSE:ROL)

Parkside Financial Bank & Trust cut its position in shares of Rollins, Inc. (NYSE:ROL) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,926 shares of the business services provider’s stock after selling 454 shares during the period. Parkside Financial Bank & Trust’s holdings in Rollins were worth $275,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in Rollins during the third quarter worth $28,000. Centricity Wealth Management LLC purchased a new stake in Rollins during the fourth quarter worth $31,000. True Wealth Design LLC boosted its holdings in Rollins by 4,272.2% during the third 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 in the last quarter. Versant Capital Management Inc boosted its holdings in Rollins by 57.8% during the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after buying an additional 326 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Rollins during the third quarter worth $52,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Price Performance

Shares of NYSE ROL opened at $52.40 on Friday. The firm has a 50-day simple moving average of $48.68 and a 200-day simple moving average of $49.25. 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 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 52 week low of $41.72 and a 52 week high of $52.83.

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

Rollins Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 4.69% of the stock is owned by company insiders.

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.