Meeder Asset Management Inc. Sells 3,207 Shares of Rollins, Inc. (NYSE:ROL)

Meeder Asset Management Inc. lessened its stake in Rollins, Inc. (NYSE:ROL) by 8.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 33,623 shares of the business services provider’s stock after selling 3,207 shares during the period. Meeder Asset Management Inc.’s holdings in Rollins were worth $1,558,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of Rollins by 54.7% during the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock worth $8,725,000 after acquiring an additional 61,475 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in 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 purchasing an additional 420,399 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Rollins by 136.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 265,945 shares of the business services provider’s stock valued at $12,327,000 after purchasing an additional 153,437 shares during the period. True North Advisors LLC bought a new position in shares of Rollins in the 4th quarter valued at about $262,000. Finally, Avanza Fonder AB acquired a new stake in shares of Rollins during the 4th quarter worth approximately $1,054,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Wall Street Analyst Weigh In

ROL has been the topic of several analyst reports. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. UBS Group raised their price target on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Morgan Stanley upped their price objective on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Canaccord Genuity Group increased their target price on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company boosted their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $52.00.

Rollins Stock Performance

ROL stock opened at $53.04 on Monday. Rollins, Inc. has a 1-year low of $41.72 and a 1-year high of $54.00. 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 firm has a market cap of $25.73 billion, a PE ratio of 55.25 and a beta of 0.78. The business’s 50-day moving average price is $50.88 and its two-hundred day moving average price is $49.56.

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, meeting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. As a group, research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins’s dividend payout ratio is 68.75%.

Insider Buying and Selling

In other news, insider Traci Hornfeck sold 3,224 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the sale, the insider now directly owns 9,602 shares in the company, valued at $509,866.20. The trade was a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the transaction, the insider now directly owns 41,173 shares of the company’s stock, valued at $2,131,937.94. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,338 shares of company stock worth $945,882 over the last ninety days. Company insiders own 4.47% of the company’s stock.

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.