Rollins, Inc. (NYSE:ROL) Shares Sold by Taikang Asset Management Hong Kong Co Ltd

Taikang Asset Management Hong Kong Co Ltd lessened its holdings in shares of Rollins, Inc. (NYSE:ROL) by 26.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 61,747 shares of the business services provider’s stock after selling 21,973 shares during the period. Taikang Asset Management Hong Kong Co Ltd’s holdings in Rollins were worth $2,862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Rollins during the third quarter worth approximately $28,000. Centricity Wealth Management LLC bought a new position in Rollins during the 4th quarter valued at $31,000. True Wealth Design LLC grew its holdings in Rollins by 4,272.2% during the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after acquiring an additional 769 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Rollins by 57.8% in the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after purchasing an additional 326 shares during the last quarter. Finally, Atala Financial Inc acquired a new stake in shares of Rollins in the 4th quarter valued at about $47,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Stock Up 1.4 %

Rollins stock opened at $52.37 on Tuesday. 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 one year low of $41.72 and a one year high of $53.72. The company has a 50-day simple moving average of $50.45 and a 200-day simple moving average of $49.48. The firm has a market capitalization of $25.40 billion, a P/E ratio of 54.55 and a beta of 0.78.

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

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins’s payout ratio is currently 68.75%.

Insiders Place Their Bets

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the sale, the insider now owns 41,173 shares of the company’s stock, valued at $2,131,937.94. This trade represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,338 shares of company stock worth $945,882. 4.69% of the stock is owned by company insiders.

Analyst Ratings Changes

ROL has been the subject of a number of research reports. Morgan Stanley lifted their price target on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note 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 research report on Friday, February 14th. UBS Group lifted their price objective on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Monday, January 6th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Rollins currently has a consensus rating of “Hold” and an average target price of $52.00.

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.