Colonial River Investments LLC Has $532,000 Stock Holdings in Rollins, Inc. (NYSE:ROL)

Colonial River Investments LLC raised its holdings in Rollins, Inc. (NYSE:ROL) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,471 shares of the business services provider’s stock after acquiring an additional 657 shares during the quarter. Colonial River Investments LLC’s holdings in Rollins were worth $532,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in Rollins by 54.7% in the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock valued at $8,725,000 after acquiring an additional 61,475 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Rollins in the third quarter valued at approximately $1,428,000. Westfield Capital Management Co. LP acquired a new stake in Rollins in the third quarter valued at approximately $5,102,000. Intech Investment Management LLC lifted its stake in Rollins by 13.7% in the third quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock valued at $33,484,000 after acquiring an additional 79,546 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 420,399 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ROL. Canaccord Genuity Group boosted their price objective on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Morgan Stanley boosted their price objective on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Wells Fargo & Company boosted their price objective on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Rollins has a consensus rating of “Hold” and a consensus target price of $52.00.

Rollins Trading Down 0.1 %

Shares of ROL stock opened at $51.29 on Monday. Rollins, Inc. has a 1 year low of $41.30 and a 1 year high of $52.83. The firm’s fifty day simple moving average is $48.28 and its 200 day simple moving average is $49.13. The firm has a market capitalization of $24.83 billion, a P/E ratio of 53.42 and a beta of 0.76. 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 announced its earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. As a group, sell-side analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is currently 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.