Rollins, Inc. (NYSE:ROL) Shares Acquired by Eastern Bank

Eastern Bank increased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,410 shares of the business services provider’s stock after acquiring an additional 236 shares during the quarter. Eastern Bank’s holdings in Rollins were worth $2,337,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Rollins during the 3rd quarter worth approximately $28,000. Quest Partners LLC bought a new position in Rollins during the 2nd quarter worth $33,000. True Wealth Design LLC increased its position in Rollins by 4,272.2% in the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after buying an additional 769 shares during the period. Versant Capital Management Inc lifted its stake in 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 buying an additional 326 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Rollins during the third quarter valued at $52,000. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of NYSE ROL opened at $46.51 on Tuesday. Rollins, Inc. has a 1 year low of $40.41 and a 1 year high of $52.16. The firm has a market cap of $22.53 billion, a P/E ratio of 48.45 and a beta of 0.75. The stock has a fifty day moving average price of $48.51 and a two-hundred day moving average price of $48.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share 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 firm had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. During the same period in the prior year, the business earned $0.28 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Research analysts forecast that Rollins, Inc. will post 0.99 EPS for the current fiscal year.

Rollins Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were paid a $0.165 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.66 annualized dividend and a dividend yield of 1.42%. This is a boost from Rollins’s previous quarterly dividend of $0.15. Rollins’s payout ratio is currently 68.75%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ROL. Morgan Stanley lifted their price objective on shares of Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research report on Monday, January 6th. Barclays initiated coverage on Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company raised their price target on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.83.

Insider Buying and Selling

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the completion of the sale, the insider now directly owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This represents a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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.