Rollins, Inc. (NYSE:ROL) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lessened its stake in Rollins, Inc. (NYSE:ROL) by 0.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,322 shares of the business services provider’s stock after selling 307 shares during the period. CIBC Private Wealth Group LLC’s holdings in Rollins were worth $4,140,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eastern Bank raised its holdings in Rollins by 0.5% during the 4th quarter. Eastern Bank now owns 50,410 shares of the business services provider’s stock worth $2,337,000 after buying an additional 236 shares during the period. Kensington Investment Counsel LLC increased its position in shares of Rollins by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider’s stock worth $1,767,000 after acquiring an additional 263 shares in the last quarter. New York Life Investment Management LLC increased its position in shares of Rollins by 0.7% in the fourth quarter. New York Life Investment Management LLC now owns 37,794 shares of the business services provider’s stock worth $1,752,000 after acquiring an additional 274 shares in the last quarter. Motley Fool Asset Management LLC raised its holdings in shares of Rollins by 3.0% during the third quarter. Motley Fool Asset Management LLC now owns 10,072 shares of the business services provider’s stock valued at $509,000 after acquiring an additional 289 shares during the period. Finally, SRS Capital Advisors Inc. lifted its position in shares of Rollins by 25.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 292 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the transaction, the insider now owns 9,602 shares of the company’s stock, valued at $509,866.20. The trade was a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Elizabeth B. Chandler sold 13,193 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the sale, the insider now owns 76,526 shares of the company’s stock, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,338 shares of company stock valued at $945,882 over the last quarter. Insiders own 4.47% of the company’s stock.

Rollins Stock Up 0.5 %

Shares of Rollins stock opened at $54.32 on Wednesday. The stock has a 50-day simple moving average of $51.11 and a 200-day simple moving average of $49.62. Rollins, Inc. has a 52-week low of $41.72 and a 52-week high of $54.43. The firm has a market cap of $26.35 billion, a price-to-earnings ratio of 56.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62.

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

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.22%. Rollins’s dividend payout ratio (DPR) is currently 68.75%.

Analyst Upgrades and Downgrades

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

About Rollins

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.