Rollins, Inc. (NYSE:ROL) Stake Lessened by ING Groep NV

ING Groep NV lessened its stake in shares of Rollins, Inc. (NYSE:ROL) by 4.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 35,876 shares of the business services provider’s stock after selling 1,692 shares during the period. ING Groep NV’s holdings in Rollins were worth $1,663,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Rollins by 27.1% in the 3rd quarter. Creative Planning now owns 23,169 shares of the business services provider’s stock worth $1,172,000 after buying an additional 4,946 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Rollins by 4,900.2% during the third quarter. International Assets Investment Management LLC now owns 83,154 shares of the business services provider’s stock worth $4,206,000 after acquiring an additional 81,491 shares during the period. Allworth Financial LP raised its position in Rollins by 175.2% in the third quarter. Allworth Financial LP now owns 2,086 shares of the business services provider’s stock worth $106,000 after acquiring an additional 1,328 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Rollins by 88.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,233 shares of the business services provider’s stock valued at $1,160,000 after acquiring an additional 10,912 shares during the last quarter. Finally, Forsta AP Fonden boosted its position in shares of Rollins by 10.3% during the 3rd quarter. Forsta AP Fonden now owns 55,900 shares of the business services provider’s stock valued at $2,827,000 after purchasing an additional 5,200 shares in the last quarter. Institutional investors own 51.79% of the company’s stock.

Rollins Trading Down 0.1 %

NYSE ROL opened at $51.29 on Monday. The firm’s 50 day moving average price is $48.28 and its two-hundred day moving average price is $49.13. 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, Inc. has a twelve month low of $41.30 and a twelve month high of $52.83. The stock has a market cap of $24.83 billion, a price-to-earnings ratio of 53.42 and a beta of 0.76.

Rollins (NYSE:ROL) last issued its quarterly earnings results 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 return on equity of 37.94% and a net margin of 13.76%. Equities analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.29%. Rollins’s dividend payout ratio is 68.75%.

Wall Street Analysts Forecast Growth

ROL has been the topic of a number of research reports. Morgan Stanley boosted their target price 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. Canaccord Genuity Group upped their price target on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company increased their price objective on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Barclays started coverage on Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $52.00.

About Rollins

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.