Rollins, Inc. (NYSE:ROL) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its holdings in Rollins, Inc. (NYSE:ROL) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,241 shares of the business services provider’s stock after selling 256 shares during the period. Moran Wealth Management LLC’s holdings in Rollins were worth $706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROL. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Rollins by 1.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,911 shares of the business services provider’s stock worth $3,055,000 after acquiring an additional 659 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Rollins by 359.3% in the 4th quarter. AlphaQuest LLC now owns 46,061 shares of the business services provider’s stock valued at $2,135,000 after purchasing an additional 36,032 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of 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 buying an additional 155,861 shares during the period. Machina Capital S.A.S. increased its holdings in shares of Rollins by 96.4% during the 4th quarter. Machina Capital S.A.S. now owns 14,686 shares of the business services provider’s stock worth $681,000 after buying an additional 7,209 shares during the last quarter. Finally, Andra AP fonden purchased a new position in shares of Rollins in the 4th quarter worth $681,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Analyst Ratings Changes

ROL has been the subject of a number of research reports. UBS Group boosted their price target on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Wells Fargo & Company boosted their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Finally, Canaccord Genuity Group increased their price objective 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. 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $52.00.

Rollins Stock Performance

Rollins stock opened at $51.92 on Wednesday. The firm has a market capitalization of $25.14 billion, a PE ratio of 54.09 and a beta of 0.78. Rollins, Inc. has a one year low of $41.72 and a one year high of $53.72. The stock’s 50 day moving average price is $49.47 and its 200 day moving average price is $49.39. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69.

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

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.27%. Rollins’s payout ratio is currently 68.75%.

Insider Activity

In related news, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $51.78, for a total value of $99,469.38. Following the sale, the insider now directly owns 41,173 shares of the company’s stock, valued at $2,131,937.94. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $675,217.74. Following the transaction, the insider now owns 76,526 shares in the company, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,338 shares of company stock worth $945,882 over the last ninety days. Corporate 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.