MassMutual Private Wealth & Trust FSB Cuts Position in Rollins, Inc. (NYSE:ROL)

MassMutual Private Wealth & Trust FSB trimmed its position in shares of Rollins, Inc. (NYSE:ROL) by 3.2% during the fourth quarter, Holdings Channel reports. The firm owned 99,723 shares of the business services provider’s stock after selling 3,246 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Rollins were worth $4,622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brooklyn Investment Group acquired a new position in Rollins during the 3rd quarter worth about $28,000. True Wealth Design LLC increased its stake in Rollins by 4,272.2% during the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after purchasing an additional 769 shares during the period. Versant Capital Management Inc lifted its position in shares of Rollins by 57.8% during the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after purchasing an additional 326 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Rollins in the third quarter valued at approximately $52,000. Finally, Intact Investment Management Inc. acquired a new position in shares of Rollins in the third quarter valued at approximately $71,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Trading Up 0.2 %

ROL opened at $48.40 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. Rollins, Inc. has a one year low of $40.41 and a one year high of $52.16. The company has a market cap of $23.44 billion, a P/E ratio of 50.42 and a beta of 0.75. The business’s 50-day simple moving average is $48.34 and its 200-day simple moving average is $48.94.

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

Insider Buying and Selling

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 124,214 shares in the company, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.69% of the stock is owned by company insiders.

Analyst Ratings Changes

ROL has been the topic of a number of research reports. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Canaccord Genuity Group initiated coverage on Rollins in a report on Tuesday, January 7th. They issued a “hold” rating and a $48.00 target price for the company. Barclays started coverage on Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target on the stock. Morgan Stanley lifted their price objective on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company upped their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $51.50.

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.