Thrive Wealth Management LLC Sells 357 Shares of Rollins, Inc. (NYSE:ROL)

Thrive Wealth Management LLC trimmed its stake in Rollins, Inc. (NYSE:ROL) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,173 shares of the business services provider’s stock after selling 357 shares during the quarter. Thrive Wealth Management LLC’s holdings in Rollins were worth $240,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. grew its position in Rollins by 54.7% in the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock valued at $8,725,000 after acquiring an additional 61,475 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Rollins in the third quarter valued at $1,428,000. Westfield Capital Management Co. LP bought a new stake in Rollins in the third quarter valued at $5,102,000. Intech Investment Management LLC grew its position in Rollins by 13.7% in the third quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock valued at $33,484,000 after acquiring an additional 79,546 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Rollins by 22.6% in the third 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 in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Up 0.2 %

Shares of Rollins stock opened at $48.40 on Monday. Rollins, Inc. has a 1 year low of $40.41 and a 1 year high of $52.16. The business has a 50-day moving average of $48.39 and a two-hundred day moving average of $48.95. The company has a market capitalization of $23.44 billion, a P/E ratio of 50.42 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. During the same quarter last year, the company earned $0.28 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts predict that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a $0.165 dividend. This is an increase from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, November 12th. Rollins’s dividend payout ratio is 68.75%.

Analysts Set New Price Targets

A number of equities analysts have commented on ROL shares. Barclays started coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Morgan Stanley boosted their price objective on 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 boosted their price objective on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Rollins currently has an average rating of “Hold” and an average target price of $51.50.

Insider Buying and Selling

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction dated 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 trade represents a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.69% of the stock is owned by corporate insiders.

Rollins 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.