NewEdge Wealth LLC Raises Stock Position in Rollins, Inc. (NYSE:ROL)

NewEdge Wealth LLC increased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,613 shares of the business services provider’s stock after purchasing an additional 3,519 shares during the period. NewEdge Wealth LLC’s holdings in Rollins were worth $4,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Montrusco Bolton Investments Inc. raised its holdings in shares of Rollins by 14.0% during the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after purchasing an additional 1,154,722 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Rollins by 2.2% during the third quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock worth $366,821,000 after purchasing an additional 157,619 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Rollins by 22.6% during 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 during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Rollins by 8.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider’s stock worth $103,471,000 after purchasing an additional 164,720 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Rollins by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider’s stock valued at $109,655,000 after buying an additional 31,458 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Rollins Stock Up 0.2 %

Shares of NYSE ROL opened at $51.39 on Friday. The company’s 50-day simple moving average is $48.57 and its 200-day simple moving average is $49.21. Rollins, Inc. has a 52-week low of $41.72 and a 52-week high of $52.83. The firm has a market cap of $24.88 billion, a price-to-earnings ratio of 53.53 and a beta of 0.76. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Equities analysts predict 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 will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Tuesday, February 25th. Rollins’s dividend payout ratio is currently 68.75%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. UBS Group raised their price target on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Canaccord Genuity Group raised their price target 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. Wells Fargo & Company raised their price target on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Morgan Stanley raised their price target on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Rollins has a consensus rating of “Hold” and an average target price of $52.00.

Insider Transactions at Rollins

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the transaction, the insider now directly owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.69% of the company’s stock.

Rollins Company 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.