Aigen Investment Management LP Buys New Position in Rollins, Inc. (NYSE:ROL)

Aigen Investment Management LP bought a new stake in Rollins, Inc. (NYSE:ROL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,020 shares of the business services provider’s stock, valued at approximately $279,000.

Several other institutional investors have also added to or reduced their stakes in ROL. Montrusco Bolton Investments Inc. boosted its holdings in Rollins by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after acquiring an additional 1,154,722 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Rollins in the third quarter valued at approximately $28,980,000. Allspring Global Investments Holdings LLC boosted its holdings in Rollins by 96.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider’s stock valued at $46,046,000 after acquiring an additional 490,183 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after acquiring an additional 420,399 shares during the last quarter. Finally, Fiera Capital Corp boosted its holdings in Rollins by 32.3% in the fourth quarter. Fiera Capital Corp now owns 1,130,540 shares of the business services provider’s stock valued at $52,401,000 after acquiring an additional 275,963 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Trading Up 0.2 %

NYSE ROL opened at $51.80 on Friday. The firm has a market capitalization of $25.08 billion, a P/E ratio of 53.95 and a beta of 0.78. The business has a fifty day simple moving average of $49.24 and a 200 day simple moving average of $49.37. Rollins, Inc. has a 12 month low of $41.72 and a 12 month high of $53.72. 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 (NYSE:ROL) last released its quarterly 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 return on equity of 37.94% and a net margin of 13.76%. On average, analysts predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders 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 dividend yield of 1.27%. The ex-dividend date is Tuesday, February 25th. Rollins’s dividend payout ratio is presently 68.75%.

Wall Street Analysts Forecast Growth

ROL has been the topic of several analyst reports. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a report on Monday, January 6th. Wells Fargo & Company increased their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. 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. Finally, Canaccord Genuity Group increased their target price on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Rollins currently has an average rating of “Hold” and a consensus target price of $52.00.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was 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 of the company’s stock, valued at $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 available through the SEC website. Also, insider Traci Hornfeck sold 3,224 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total value of $171,194.40. Following the sale, the insider now directly owns 9,602 shares of the company’s stock, valued at approximately $509,866.20. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.69% of the company’s stock.

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.