Lecap Asset Management Ltd. Takes $1.44 Million Position in Rollins, Inc. (NYSE:ROL)

Lecap Asset Management Ltd. purchased a new position in Rollins, Inc. (NYSE:ROL) in the fourth quarter, Holdings Channel reports. The fund purchased 30,985 shares of the business services provider’s stock, valued at approximately $1,436,000.

A number of other hedge funds also recently bought and sold shares of ROL. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Rollins by 2.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 33,118 shares of the business services provider’s stock valued at $1,535,000 after purchasing an additional 792 shares in the last quarter. Bleakley Financial Group LLC raised its position in shares of Rollins by 4.7% during the 4th quarter. Bleakley Financial Group LLC now owns 8,744 shares of the business services provider’s stock worth $405,000 after purchasing an additional 390 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Rollins by 34.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,172 shares of the business services provider’s stock valued at $1,454,000 after buying an additional 7,939 shares in the last quarter. Sargent Investment Group LLC boosted its holdings in Rollins by 877.3% in the 4th quarter. Sargent Investment Group LLC now owns 65,383 shares of the business services provider’s stock worth $3,039,000 after buying an additional 58,693 shares during the last quarter. Finally, Mather Group LLC. increased its stake in Rollins by 9.8% during the 4th quarter. Mather Group LLC. now owns 3,325 shares of the business services provider’s stock worth $154,000 after buying an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Transactions at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the transaction, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.69% of the company’s stock.

Rollins Trading Down 0.4 %

Shares of ROL stock opened at $50.08 on Friday. Rollins, Inc. has a twelve month low of $40.41 and a twelve month high of $52.16. The stock has a market cap of $24.25 billion, a price-to-earnings ratio of 52.17 and a beta of 0.76. The company’s 50-day moving average price is $47.99 and its 200-day moving average price is $48.92. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.32%. Rollins’s dividend payout ratio (DPR) is 68.75%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ROL shares. Barclays assumed coverage on Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. Morgan Stanley lifted their target price on shares of Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. UBS Group increased their target price on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Wells Fargo & Company boosted their price target on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.50.

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.