Rollins, Inc. (NYSE:ROL) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC increased its holdings in Rollins, Inc. (NYSE:ROL) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,794 shares of the business services provider’s stock after acquiring an additional 274 shares during the quarter. New York Life Investment Management LLC’s holdings in Rollins were worth $1,752,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewEdge Wealth LLC increased its holdings in Rollins by 3.7% during the 4th quarter. NewEdge Wealth LLC now owns 97,613 shares of the business services provider’s stock worth $4,524,000 after purchasing an additional 3,519 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Rollins by 8.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider’s stock worth $103,471,000 after buying an additional 164,720 shares in the last quarter. BankPlus Trust Department bought a new stake in shares of Rollins in the fourth quarter worth $167,000. IFP Advisors Inc raised its holdings in Rollins by 55.2% in the fourth quarter. IFP Advisors Inc now owns 5,341 shares of the business services provider’s stock valued at $248,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Asset Advisors Investment Management LLC boosted its stake in Rollins by 376.6% during the 4th quarter. Asset Advisors Investment Management LLC now owns 21,493 shares of the business services provider’s stock valued at $996,000 after acquiring an additional 16,983 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

ROL has been the topic of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Morgan Stanley upped their price objective on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. UBS Group increased their target price on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Wells Fargo & Company boosted their price target on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Canaccord Genuity Group raised their price objective on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $52.00.

Rollins Trading Up 1.9 %

Shares of NYSE ROL opened at $52.40 on Monday. Rollins, Inc. has a 12-month low of $41.72 and a 12-month high of $52.83. The company has a market cap of $25.37 billion, a price-to-earnings ratio of 54.58 and a beta of 0.76. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The stock’s 50 day simple moving average is $48.68 and its 200 day simple moving average is $49.25.

Rollins (NYSE:ROL) last announced its quarterly earnings results 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 13.76% and a return on equity of 37.94%. Equities research analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be given a $0.165 dividend. 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 dividend payout ratio (DPR) is 68.75%.

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction on Friday, February 21st. The stock was 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 owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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.