Cyrus J. Lawrence LLC Decreases Stake in Rollins, Inc. (NYSE:ROL)

Cyrus J. Lawrence LLC reduced its holdings in Rollins, Inc. (NYSE:ROL) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,499 shares of the business services provider’s stock after selling 453 shares during the period. Cyrus J. Lawrence LLC’s holdings in Rollins were worth $6,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Montrusco Bolton Investments Inc. increased its position in Rollins by 14.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after purchasing an additional 1,154,722 shares during the last quarter. Geode Capital Management LLC increased its position in Rollins by 2.2% during the third quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock worth $366,821,000 after purchasing an additional 157,619 shares during the last quarter. JPMorgan Chase & Co. increased its position in Rollins by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after purchasing an additional 420,399 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Rollins by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider’s stock worth $104,347,000 after purchasing an additional 83,326 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Rollins by 8.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider’s stock worth $103,471,000 after purchasing an additional 164,720 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Rollins Trading Down 0.1 %

Shares of ROL stock opened at $51.62 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The stock has a market capitalization of $25.00 billion, a P/E ratio of 53.77 and a beta of 0.78. The company has a 50 day moving average price of $50.33 and a 200 day moving average price of $49.48. Rollins, Inc. has a fifty-two week low of $41.72 and a fifty-two week high of $53.72.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates 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 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is currently 68.75%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ROL. Morgan Stanley raised their price objective on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. 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 research 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 research report on Monday, December 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. Finally, StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.00.

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.