Benedict Financial Advisors Inc. Reduces Stake in Rollins, Inc. (NYSE:ROL)

Benedict Financial Advisors Inc. lessened its stake in shares of Rollins, Inc. (NYSE:ROL) by 0.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,302 shares of the business services provider’s stock after selling 437 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Rollins were worth $2,285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brooklyn Investment Group purchased a new stake in Rollins in the 3rd quarter worth approximately $28,000. True Wealth Design LLC raised its position in shares of Rollins by 4,272.2% in the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after buying an additional 769 shares in the last quarter. Versant Capital Management Inc boosted its stake 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 buying an additional 326 shares during the period. Capital Performance Advisors LLP purchased a new position in Rollins during the third quarter worth about $52,000. Finally, Intact Investment Management Inc. bought a new position in Rollins in the 3rd quarter worth about $71,000. 51.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ROL has been the topic of a number of research analyst reports. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Canaccord Genuity Group initiated coverage on Rollins in a research report on Tuesday, January 7th. They set a “hold” rating and a $48.00 price objective for the company. Barclays began coverage on Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Rollins in a report on Monday, January 6th. Finally, UBS Group raised 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $51.50.

Rollins Trading Down 0.4 %

ROL stock opened at $50.08 on Friday. The firm has a fifty day moving average price of $47.98 and a 200 day moving average price of $48.92. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. The firm has a market cap of $24.25 billion, a PE ratio of 52.17 and a beta of 0.76. Rollins, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $52.16.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is 68.75%.

Insider Activity at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the sale, the insider now owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.69% of the stock is 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.