GSB Wealth Management LLC Decreases Stake in Rollins, Inc. (NYSE:ROL)

GSB Wealth Management LLC lowered its position in Rollins, Inc. (NYSE:ROL) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,895 shares of the business services provider’s stock after selling 1,086 shares during the quarter. GSB Wealth Management LLC’s holdings in Rollins were worth $1,386,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ROL. Montrusco Bolton Investments Inc. lifted its stake in Rollins by 14.0% in 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 acquiring an additional 1,154,722 shares during the last quarter. Fiera Capital Corp purchased a new position in Rollins in the third quarter worth approximately $43,225,000. Point72 Asset Management L.P. purchased a new position in Rollins in the third quarter worth approximately $28,980,000. JPMorgan Chase & Co. lifted its position in shares of Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after buying an additional 420,399 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Rollins by 535.2% during the 4th quarter. SG Americas Securities LLC now owns 261,379 shares of the business services provider’s stock worth $12,115,000 after buying an additional 220,230 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Down 0.6 %

ROL stock opened at $48.32 on Friday. The company has a fifty day moving average price of $48.17 and a 200 day moving average price of $48.91. Rollins, Inc. has a 12 month low of $40.41 and a 12 month high of $52.16. The company has a market cap of $23.40 billion, a price-to-earnings ratio of 50.33 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. Sell-side analysts expect that Rollins, Inc. will post 0.99 earnings per share for the current year.

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 paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.37%. Rollins’s dividend payout ratio is currently 68.75%.

Insider Buying and Selling at Rollins

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.69% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ROL. UBS Group boosted 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. Barclays began coverage on shares of Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective for the company. Morgan Stanley boosted their price objective on shares of Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Canaccord Genuity Group initiated coverage on shares of Rollins in a research report on Tuesday, January 7th. They set a “hold” rating and a $48.00 price objective for the company. Finally, StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.50.

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.