North Point Portfolio Managers Corp OH Reduces Stock Holdings in Rollins, Inc. (NYSE:ROL)

North Point Portfolio Managers Corp OH reduced its position in Rollins, Inc. (NYSE:ROL) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 271,132 shares of the business services provider’s stock after selling 4,172 shares during the quarter. Rollins makes up about 2.2% of North Point Portfolio Managers Corp OH’s holdings, making the stock its 21st largest position. North Point Portfolio Managers Corp OH’s holdings in Rollins were worth $12,567,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ROL. Montrusco Bolton Investments Inc. grew its stake in shares of Rollins by 14.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after acquiring an additional 1,154,722 shares during the period. Fiera Capital Corp bought a new position in Rollins during the third quarter worth about $43,225,000. Point72 Asset Management L.P. purchased a new position in shares of Rollins in the third quarter worth about $28,980,000. JPMorgan Chase & Co. increased its stake in shares of 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. Finally, SG Americas Securities LLC raised its position in shares of Rollins by 535.2% in the fourth quarter. SG Americas Securities LLC now owns 261,379 shares of the business services provider’s stock valued at $12,115,000 after purchasing an additional 220,230 shares during the period. 51.79% of the stock is currently owned by institutional investors.

Rollins Stock Down 0.6 %

ROL opened at $48.32 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $48.17 and its 200 day simple moving average is $48.90. Rollins, Inc. has a 52 week low of $40.41 and a 52 week high of $52.16. The stock has a market cap of $23.40 billion, a PE ratio of 50.33 and a beta of 0.75.

Rollins Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.37%. Rollins’s dividend payout ratio is 68.75%.

Insider Activity at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the sale, the insider now owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.69% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ROL has been the subject of several analyst reports. Barclays assumed coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective for the company. Morgan Stanley upped their price target on shares of Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Wells Fargo & Company increased their price objective on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Canaccord Genuity Group started coverage on Rollins in a research note on Tuesday, January 7th. They issued a “hold” rating and a $48.00 target price on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.50.

About Rollins

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.