Rollins, Inc. (NYSE:ROL) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its holdings in Rollins, Inc. (NYSE:ROL) by 28.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,183 shares of the business services provider’s stock after purchasing an additional 2,483 shares during the quarter. NEOS Investment Management LLC’s holdings in Rollins were worth $518,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ROL. Brooklyn Investment Group bought a new position in shares of Rollins in the 3rd quarter worth about $28,000. Murphy & Mullick Capital Management Corp acquired a new stake in Rollins during the fourth quarter worth about $29,000. Centricity Wealth Management LLC bought a new position in Rollins in the fourth quarter worth about $31,000. True Wealth Design LLC boosted its stake in Rollins by 4,272.2% in the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 769 shares during the period. Finally, Versant Capital Management Inc grew its holdings 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 valued at $41,000 after purchasing an additional 326 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Canaccord Genuity Group lifted their price objective on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. Finally, UBS Group lifted their price target on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $52.00.

Insider Buying and Selling at Rollins

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the sale, the insider now directly owns 76,526 shares in the company, valued at approximately $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the transaction, the insider now owns 41,173 shares in the company, valued at approximately $2,131,937.94. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,338 shares of company stock valued at $945,882. 4.47% of the stock is owned by insiders.

Rollins Stock Down 1.4 %

Rollins stock opened at $53.04 on Monday. The company’s 50-day moving average price is $50.88 and its two-hundred day moving average price is $49.56. The stock has a market cap of $25.73 billion, a price-to-earnings ratio of 55.25 and a beta of 0.78. Rollins, Inc. has a 52 week low of $41.72 and a 52 week high of $54.00. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. On average, analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.24%. The ex-dividend date was Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

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.