Parkside Financial Bank & Trust Lowers Stock Position in Rollins, Inc. (NYSE:ROL)

Parkside Financial Bank & Trust lessened its stake in shares of Rollins, Inc. (NYSE:ROL) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,926 shares of the business services provider’s stock after selling 454 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Rollins were worth $275,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ROL. International Assets Investment Management LLC boosted its stake 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 buying an additional 81,491 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Rollins by 88.6% in the third 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 purchasing an additional 10,912 shares during the period. Pallas Capital Advisors LLC purchased a new position in shares of Rollins in the third quarter valued at approximately $204,000. First Trust Direct Indexing L.P. boosted its stake in shares of Rollins by 5.3% in the third quarter. First Trust Direct Indexing L.P. now owns 9,984 shares of the business services provider’s stock valued at $505,000 after purchasing an additional 502 shares during the period. Finally, Stephens Inc. AR boosted its stake in shares of Rollins by 11.7% in the third quarter. Stephens Inc. AR now owns 6,112 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 638 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

ROL has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. 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. Wells Fargo & Company lifted their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Canaccord Genuity Group lifted their price target on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research note 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. Based on data from MarketBeat, Rollins presently has a consensus rating of “Hold” and an average target price of $52.00.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.69% of the stock is owned by corporate insiders.

Rollins Stock Up 1.9 %

Shares of Rollins stock opened at $52.40 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a 52-week low of $41.72 and a 52-week high of $52.83. The company has a 50 day moving average of $48.68 and a 200 day moving average of $49.25. The company has a market capitalization of $25.37 billion, a P/E ratio of 54.58 and a beta of 0.76.

Rollins (NYSE:ROL) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share 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, research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

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 issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.26%. Rollins’s payout ratio is currently 68.75%.

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.