Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 11,700 Shares of Rollins, Inc. (NYSE:ROL)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of Rollins, Inc. (NYSE:ROL) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,396 shares of the business services provider’s stock after selling 11,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Rollins were worth $5,580,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Montrusco Bolton Investments Inc. boosted its position in shares of Rollins by 14.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after purchasing an additional 1,154,722 shares in the last quarter. Geode Capital Management LLC boosted its stake in Rollins by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock worth $366,821,000 after purchasing an additional 157,619 shares during the period. JPMorgan Chase & Co. boosted its stake in Rollins by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after purchasing an additional 420,399 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Rollins by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider’s stock worth $109,655,000 after purchasing an additional 31,458 shares during the period. Finally, Eventide Asset Management LLC boosted its stake in Rollins by 2.0% in the 3rd quarter. Eventide Asset Management LLC now owns 1,739,892 shares of the business services provider’s stock worth $88,004,000 after purchasing an additional 34,746 shares during the period. 51.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upped their target price 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. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Morgan Stanley upped their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Barclays began coverage on shares of Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price for the company. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.00.

Rollins Trading Down 0.1 %

Rollins stock opened at $51.37 on Wednesday. The firm has a 50-day moving average of $48.34 and a 200-day moving average of $49.15. Rollins, Inc. has a one year low of $41.72 and a one year high of $52.83. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The company has a market cap of $24.88 billion, a price-to-earnings ratio of 53.51 and a beta of 0.76.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 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, equities analysts expect that Rollins, Inc. will post 1.09 earnings per share 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 paid a $0.165 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.28%. Rollins’s dividend payout ratio (DPR) is currently 68.75%.

Insider Activity at Rollins

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 value 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.69% of the stock is currently owned by company insiders.

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.