Marble Harbor Investment Counsel LLC Cuts Stake in Rollins, Inc. (NYSE:ROL)

Marble Harbor Investment Counsel LLC reduced its stake in Rollins, Inc. (NYSE:ROL) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,592 shares of the business services provider’s stock after selling 600 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Rollins were worth $306,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ROL. Bank Julius Baer & Co. Ltd Zurich grew its position in Rollins by 50.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 465,743 shares of the business services provider’s stock valued at $22,439,000 after purchasing an additional 155,861 shares during the last quarter. Machina Capital S.A.S. grew its holdings in shares of Rollins by 96.4% during the fourth quarter. Machina Capital S.A.S. now owns 14,686 shares of the business services provider’s stock valued at $681,000 after buying an additional 7,209 shares during the last quarter. Andra AP fonden purchased a new stake in Rollins during the 4th quarter valued at $681,000. Edgestream Partners L.P. purchased a new stake in Rollins during the 4th quarter valued at $3,408,000. Finally, Ashton Thomas Private Wealth LLC boosted its stake in Rollins by 18.4% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,765 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 740 shares during the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Up 0.2 %

Shares of ROL stock opened at $51.80 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. Rollins, Inc. has a one year low of $41.72 and a one year high of $53.72. The company’s fifty day moving average price is $49.24 and its 200-day moving average price is $49.37. The company has a market capitalization of $25.08 billion, a price-to-earnings ratio of 53.95 and a beta of 0.78.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Sell-side analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The business 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. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.27%. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Insider Buying and Selling at Rollins

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction 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 sale, the insider now owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Traci Hornfeck sold 3,224 shares of the 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 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 disclosure for this sale can be found here. Company insiders own 4.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ROL shares. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Wells Fargo & Company raised their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. 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. Finally, Morgan Stanley lifted their price target 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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.