Corient Private Wealth LLC Sells 5,571 Shares of Rollins, Inc. (NYSE:ROL)

Corient Private Wealth LLC cut its holdings in shares of Rollins, Inc. (NYSE:ROL) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 477,325 shares of the business services provider’s stock after selling 5,571 shares during the period. Corient Private Wealth LLC owned 0.10% of Rollins worth $22,124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Rollins during the third quarter valued at approximately $28,000. Centricity Wealth Management LLC purchased a new stake in Rollins during the fourth quarter valued at approximately $31,000. True Wealth Design LLC lifted its position 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 acquiring an additional 769 shares during the last quarter. Versant Capital Management Inc lifted its position 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 acquiring an additional 326 shares during the last quarter. Finally, Atala Financial Inc purchased a new stake in Rollins during the fourth quarter valued at approximately $47,000. 51.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROL has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Wells Fargo & Company raised their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Morgan Stanley raised their price target on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, UBS Group raised their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Rollins has an average rating of “Hold” and an average target price of $52.00.

Rollins Trading Up 0.2 %

Shares of Rollins stock opened at $51.89 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The firm has a fifty day moving average price of $50.00 and a 200 day moving average price of $49.43. Rollins, Inc. has a 1 year low of $41.72 and a 1 year high of $53.72. The stock has a market cap of $25.13 billion, a PE ratio of 54.06 and a beta of 0.78.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting 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 predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.27%. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the sale, the insider now owns 76,526 shares in the company, valued at approximately $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas D. Tesh sold 1,921 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.78, for a total transaction of $99,469.38. Following the sale, the insider now owns 41,173 shares in the company, valued at approximately $2,131,937.94. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,338 shares of company stock valued at $945,882 over the last 90 days. Insiders own 4.69% of the company’s stock.

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.