Rollins, Inc. (NYSE:ROL) Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. lowered its holdings in Rollins, Inc. (NYSE:ROLFree Report) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 118,079 shares of the business services provider’s stock after selling 1,758 shares during the quarter. Panagora Asset Management Inc.’s holdings in Rollins were worth $4,408,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Parkside Financial Bank & Trust increased its position in shares of Rollins by 5.3% in the second quarter. Parkside Financial Bank & Trust now owns 4,927 shares of the business services provider’s stock worth $211,000 after acquiring an additional 250 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Rollins by 2.7% in the third quarter. Thrivent Financial for Lutherans now owns 9,871 shares of the business services provider’s stock worth $342,000 after acquiring an additional 258 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of Rollins by 1.6% in the second quarter. Apollon Wealth Management LLC now owns 16,632 shares of the business services provider’s stock worth $712,000 after acquiring an additional 269 shares in the last quarter. Horizon Investments LLC increased its position in shares of Rollins by 7.7% in the second quarter. Horizon Investments LLC now owns 3,889 shares of the business services provider’s stock worth $166,000 after acquiring an additional 277 shares in the last quarter. Finally, Intercontinental Wealth Advisors LLC increased its position in shares of Rollins by 3.5% in the second quarter. Intercontinental Wealth Advisors LLC now owns 8,508 shares of the business services provider’s stock worth $364,000 after acquiring an additional 284 shares in the last quarter. Institutional investors and hedge funds own 38.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Morgan Stanley initiated coverage on shares of Rollins in a research note on Thursday, December 21st. They issued an “equal weight” rating and a $42.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of Rollins in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 target price for the company. UBS Group upped their target price on shares of Rollins from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Finally, Stifel Nicolaus upgraded shares of Rollins from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, October 20th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $49.14.

Get Our Latest Analysis on Rollins

Insiders Place Their Bets

In other Rollins news, CEO Jerry Jr. Gahlhoff sold 7,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $40.00, for a total transaction of $280,000.00. Following the sale, the chief executive officer now directly owns 218,091 shares of the company’s stock, valued at $8,723,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.70% of the stock is owned by corporate insiders.

Rollins Trading Down 0.7 %

NYSE ROL opened at $43.37 on Thursday. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $45.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.76. The company has a market capitalization of $20.99 billion, a price-to-earnings ratio of 52.25, a price-to-earnings-growth ratio of 3.01 and a beta of 0.63. The company’s fifty day moving average price is $41.61 and its two-hundred day moving average price is $40.00.

Rollins (NYSE:ROLGet Free Report) last posted its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. Rollins had a net margin of 13.77% and a return on equity of 33.81%. The firm had revenue of $840.43 million for the quarter, compared to the consensus estimate of $824.35 million. During the same period in the prior year, the firm posted $0.22 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. As a group, research analysts predict that Rollins, Inc. will post 0.89 earnings per share for the current fiscal year.

Rollins Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 10th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.38%. This is a boost from Rollins’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, November 9th. Rollins’s dividend payout ratio is 72.29%.

About Rollins

(Free Report)

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.

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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