Rollins, Inc. (NYSE:ROL) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its stake in Rollins, Inc. (NYSE:ROL) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,627 shares of the business services provider’s stock after selling 2,379 shares during the quarter. Sanctuary Advisors LLC’s holdings in Rollins were worth $2,666,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Montrusco Bolton Investments Inc. raised its position in Rollins by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after purchasing an additional 1,154,722 shares during the period. Geode Capital Management LLC raised its position in Rollins by 2.2% in the third quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock valued at $366,821,000 after purchasing an additional 157,619 shares during the period. JPMorgan Chase & Co. raised its position in Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after purchasing an additional 420,399 shares during the period. Charles Schwab Investment Management Inc. raised its position in Rollins by 1.5% in 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 purchasing an additional 31,458 shares during the period. Finally, Eventide Asset Management LLC raised its position in Rollins by 2.0% in the third quarter. Eventide Asset Management LLC now owns 1,739,892 shares of the business services provider’s stock valued at $88,004,000 after purchasing an additional 34,746 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Rollins Stock Down 0.1 %

Shares of Rollins stock opened at $51.29 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The firm has a market cap of $24.83 billion, a P/E ratio of 53.42 and a beta of 0.76. Rollins, Inc. has a fifty-two week low of $41.30 and a fifty-two week high of $52.83. The business has a 50-day moving average price of $48.28 and a 200 day moving average price of $49.12.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. On average, sell-side analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

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 $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, February 25th. Rollins’s dividend payout ratio is currently 68.75%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research report on Monday, January 6th. Wells Fargo & Company lifted their target price on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. UBS Group lifted their target price on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Barclays started coverage on Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price on the stock. Finally, Canaccord Genuity Group lifted their target price on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Rollins presently has a consensus rating of “Hold” and an average target price of $52.00.

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.