AlphaQuest LLC Has $2.14 Million Stake in Rollins, Inc. (NYSE:ROL)

AlphaQuest LLC boosted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 359.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,061 shares of the business services provider’s stock after buying an additional 36,032 shares during the period. AlphaQuest LLC’s holdings in Rollins were worth $2,135,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Brooklyn Investment Group bought a new position in shares of Rollins during the 3rd quarter worth about $28,000. Centricity Wealth Management LLC bought a new position in Rollins during the fourth quarter worth about $31,000. True Wealth Design LLC boosted its holdings in Rollins by 4,272.2% during 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 in the last quarter. Versant Capital Management Inc boosted its holdings in Rollins by 57.8% during 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 in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Rollins in the 3rd quarter valued at approximately $52,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Up 0.2 %

Shares of NYSE:ROL opened at $51.80 on Friday. Rollins, Inc. has a 12 month low of $41.72 and a 12 month high of $53.72. The firm has a market cap of $25.08 billion, a P/E ratio of 53.95 and a beta of 0.78. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $49.24 and its two-hundred day moving average price is $49.37.

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 the consensus estimate of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. As a group, research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.27%. Rollins’s dividend payout ratio (DPR) is currently 68.75%.

Insider Transactions at Rollins

In related news, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the completion of the sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Elizabeth B. Chandler sold 13,193 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the transaction, the insider now owns 76,526 shares in the company, valued at approximately $3,916,600.68. The trade was a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.69% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ROL shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research note on Monday, January 6th. UBS Group upped their target price on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Canaccord Genuity Group increased their target price on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Wells Fargo & Company boosted their price target on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Morgan Stanley upped their price objective 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Rollins currently has a consensus rating of “Hold” and a consensus target price of $52.00.

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.