Rollins, Inc. (NYSE:ROL) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its position in shares of Rollins, Inc. (NYSE:ROL) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,096 shares of the business services provider’s stock after selling 414 shares during the period. Securian Asset Management Inc.’s holdings in Rollins were worth $700,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ROL. Raymond James Financial Inc. acquired a new position in Rollins during the 4th quarter worth $74,249,000. Montrusco Bolton Investments Inc. grew its holdings in Rollins by 14.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after acquiring an additional 1,154,722 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Rollins during the 3rd quarter worth $28,980,000. Allspring Global Investments Holdings LLC grew its holdings in Rollins by 96.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider’s stock worth $46,046,000 after acquiring an additional 490,183 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after acquiring an additional 420,399 shares in the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Rollins

In related news, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $51.78, for a total value of $99,469.38. Following the sale, the insider now directly owns 41,173 shares in the company, valued at $2,131,937.94. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Traci Hornfeck sold 3,224 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the sale, the insider now owns 9,602 shares in the company, valued at $509,866.20. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,338 shares of company stock worth $945,882 in the last ninety days. 4.69% of the stock is owned by insiders.

Analyst Ratings Changes

ROL has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Wells Fargo & Company lifted their price target on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Monday, January 6th. Finally, Canaccord Genuity Group lifted their price target on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Rollins has a consensus rating of “Hold” and a consensus target price of $52.00.

Rollins Trading Up 1.4 %

Shares of NYSE:ROL opened at $51.44 on Monday. The company has a market cap of $24.91 billion, a PE ratio of 53.59 and a beta of 0.78. The company’s 50-day moving average price is $49.75 and its 200 day moving average price is $49.41. Rollins, Inc. has a fifty-two week low of $41.72 and a fifty-two week high of $53.72. 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 (NYSE:ROL) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share 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%. Sell-side analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.28%. Rollins’s dividend payout ratio is presently 68.75%.

Rollins 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.