Andra AP fonden Acquires Shares of 14,700 Rollins, Inc. (NYSE:ROL)

Andra AP fonden acquired a new stake in Rollins, Inc. (NYSE:ROL) during the fourth quarter, Holdings Channel reports. The fund acquired 14,700 shares of the business services provider’s stock, valued at approximately $681,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROL. Van ECK Associates Corp lifted its holdings in Rollins by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 64,403 shares of the business services provider’s stock valued at $3,204,000 after purchasing an additional 6,386 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Rollins by 26.8% in the 3rd quarter. QRG Capital Management Inc. now owns 5,765 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 1,218 shares in the last quarter. Amalgamated Bank lifted its holdings in Rollins by 12.3% in the 3rd quarter. Amalgamated Bank now owns 66,206 shares of the business services provider’s stock valued at $3,349,000 after purchasing an additional 7,248 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Rollins by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 399,398 shares of the business services provider’s stock worth $20,202,000 after acquiring an additional 13,697 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Rollins in the 3rd quarter worth $52,000. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Up 0.2 %

Shares of NYSE:ROL opened at $51.80 on Monday. The business has a 50-day moving average price of $49.24 and a 200 day moving average price of $49.36. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. 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, Inc. has a 12-month low of $41.72 and a 12-month high of $53.72.

Rollins (NYSE:ROL) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting 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 year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is 68.75%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Wells Fargo & Company raised their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. UBS Group raised their target price on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, Canaccord Genuity Group raised their target price on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Rollins presently has a consensus rating of “Hold” and an average target price of $52.00.

Insider Activity at Rollins

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the transaction, the insider now directly owns 76,526 shares in the company, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Traci Hornfeck sold 3,224 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total value of $171,194.40. Following the transaction, the insider now owns 9,602 shares of the company’s stock, 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. 4.69% of the stock is currently owned by company insiders.

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.