Oppenheimer Asset Management Inc. Lowers Stock Position in Rollins, Inc. (NYSE:ROL)

Oppenheimer Asset Management Inc. cut its stake in Rollins, Inc. (NYSE:ROLFree Report) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 237,363 shares of the business services provider’s stock after selling 12,511 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Rollins were worth $8,861,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Eagle Bay Advisors LLC bought a new position in shares of Rollins in the 2nd quarter worth approximately $29,000. KB Financial Partners LLC purchased a new stake in Rollins in the first quarter worth $32,000. Fred Alger Management LLC purchased a new stake in Rollins in the third quarter worth $41,000. Cornerstone Planning Group LLC bought a new position in Rollins in the second quarter worth $47,000. Finally, Money Concepts Capital Corp purchased a new position in Rollins during the fourth quarter valued at $51,000. 38.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Rollins

In other news, CEO Jerry Jr. Gahlhoff sold 3,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $42.00, for a total value of $126,000.00. Following the transaction, the chief executive officer now directly owns 215,091 shares in the company, valued at approximately $9,033,822. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ROL shares. TheStreet downgraded shares of Rollins from a “b” rating to a “c+” rating in a research report on Thursday, October 19th. Morgan Stanley initiated coverage on shares of Rollins in a research note on Thursday, December 21st. They set an “equal weight” rating and a $42.00 target price for the company. The Goldman Sachs Group assumed coverage on Rollins in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 price target on the stock. Stifel Nicolaus upgraded Rollins from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Friday, October 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Rollins in a report on Friday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Check Out Our Latest Stock Analysis on Rollins

Rollins Price Performance

Shares of NYSE ROL opened at $44.02 on Friday. The company has a 50 day moving average of $42.75 and a 200 day moving average of $40.07. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.54. Rollins, Inc. has a twelve month low of $32.19 and a twelve month high of $45.04. The firm has a market cap of $21.31 billion, a P/E ratio of 53.04, a PEG ratio of 3.05 and a beta of 0.64.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Tuesday, February 20th. Rollins’s dividend payout ratio is currently 72.29%.

Rollins Profile

(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.

See Also

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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