Rollins, Inc. (NYSE:ROL) Shares Acquired by Fiera Capital Corp

Fiera Capital Corp lifted its holdings in Rollins, Inc. (NYSE:ROL) by 32.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,130,540 shares of the business services provider’s stock after purchasing an additional 275,963 shares during the period. Fiera Capital Corp owned approximately 0.23% of Rollins worth $52,401,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group purchased a new position in Rollins in the 3rd quarter valued at approximately $28,000. True Wealth Design LLC boosted its holdings in Rollins by 4,272.2% in the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 769 shares during the period. Versant Capital Management Inc boosted its holdings in Rollins by 57.8% in the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 326 shares during the period. Capital Performance Advisors LLP acquired a new position in Rollins during the 3rd quarter worth $52,000. Finally, Intact Investment Management Inc. purchased a new stake in Rollins during the 3rd quarter worth about $71,000. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This trade represents a 10.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.69% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on ROL. Canaccord Genuity Group initiated coverage on Rollins in a research note on Tuesday, January 7th. They issued a “hold” rating and a $48.00 price objective for the company. Wells Fargo & Company lifted 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. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research report on Monday, January 6th. UBS Group lifted 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. Finally, Barclays initiated coverage on Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. 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.com, Rollins presently has a consensus rating of “Hold” and a consensus price target of $51.50.

Rollins Trading Up 0.3 %

Shares of Rollins stock opened at $50.07 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $47.99 and a 200-day simple moving average of $48.95. The stock has a market cap of $24.25 billion, a price-to-earnings ratio of 52.16 and a beta of 0.76. Rollins, Inc. has a 12-month low of $40.41 and a 12-month high of $52.16.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Rollins had a net margin of 14.18% and a return on equity of 38.67%. On average, equities analysts forecast that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be given a $0.165 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.32%. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

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.