Eagle Bay Advisors LLC Sells 389 Shares of Rollins, Inc. (NYSE:ROL)

Eagle Bay Advisors LLC reduced its stake in shares of Rollins, Inc. (NYSE:ROL) by 13.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,400 shares of the business services provider’s stock after selling 389 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Rollins were worth $111,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new position in shares of Rollins during the 3rd quarter valued at about $28,000. Quest Partners LLC bought a new stake in Rollins during the second quarter worth approximately $33,000. True Wealth Design LLC grew its holdings 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 valued at $40,000 after purchasing an additional 769 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Rollins by 57.8% in 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 period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Rollins in the third quarter worth $52,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insider Activity

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the sale, the insider now owns 124,214 shares of the company’s stock, valued at $6,195,794.32. The trade was a 10.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.69% of the company’s stock.

Rollins Stock Performance

ROL opened at $46.51 on Tuesday. The stock’s 50 day simple moving average is $48.51 and its 200-day simple moving average is $48.99. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The stock has a market cap of $22.53 billion, a PE ratio of 48.45 and a beta of 0.75. Rollins, Inc. has a 1 year low of $40.41 and a 1 year high of $52.16.

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 net margin of 14.18% and a return on equity of 38.67%. The business had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. During the same period last year, the firm earned $0.28 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts forecast that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.42%. This is an increase from Rollins’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, November 12th. Rollins’s payout ratio is presently 68.75%.

Analyst Upgrades and Downgrades

ROL has been the subject of a number of recent analyst reports. Barclays began coverage on shares of Rollins in a report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Rollins in a report on Monday, January 6th. Wells Fargo & Company upped their price target on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley boosted their target price on shares of Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.83.

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.