Norinchukin Bank The Increases Stock Position in Rollins, Inc. (NYSE:ROL)

Norinchukin Bank The lifted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 505,525 shares of the business services provider’s stock after acquiring an additional 10,740 shares during the period. Norinchukin Bank The’s holdings in Rollins were worth $23,431,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp purchased a new position in Rollins during the fourth quarter worth $29,000. Centricity Wealth Management LLC acquired a new stake in shares of Rollins during the fourth quarter valued at $31,000. Mizuho Bank Ltd. purchased a new stake in Rollins during the 4th quarter worth about $37,000. Versant Capital Management Inc raised its stake in Rollins by 57.8% in the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 326 shares during the last quarter. Finally, Atala Financial Inc purchased a new position in Rollins in the 4th quarter valued at about $47,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ROL. 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 report on Friday, February 14th. Royal Bank of Canada boosted their price target on Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday. Barclays raised their price objective on Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a report on Friday, April 4th. UBS Group upped their target price on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Finally, StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.50.

Insiders Place Their Bets

In related news, insider Traci Hornfeck sold 3,224 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the sale, the insider now directly owns 9,602 shares in the company, valued at approximately $509,866.20. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Elizabeth B. Chandler sold 13,193 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $51.18, for a total value of $675,217.74. Following 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 disclosure for this sale can be found here. Insiders sold a total of 20,259 shares of company stock worth $1,047,330 over the last ninety days. 4.47% of the stock is owned by company insiders.

Rollins Trading Up 1.4 %

ROL stock opened at $55.80 on Friday. Rollins, Inc. has a 52 week low of $42.19 and a 52 week high of $56.26. The company has a market cap of $27.07 billion, a price-to-earnings ratio of 58.13 and a beta of 0.80. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $52.47 and a 200-day simple moving average of $49.99.

Rollins (NYSE:ROL) last announced its quarterly 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 return on equity of 37.94% and a net margin of 13.76%. On average, equities research analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.18%. Rollins’s payout ratio is 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.