Rollins, Inc. (NYSE:ROL) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its holdings in Rollins, Inc. (NYSE:ROL) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,096 shares of the business services provider’s stock after selling 414 shares during the period. Securian Asset Management Inc.’s holdings in Rollins were worth $700,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. grew its stake in shares of Rollins by 54.7% in the 3rd quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock worth $8,725,000 after purchasing an additional 61,475 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Rollins in the 3rd quarter worth approximately $1,428,000. Westfield Capital Management Co. LP purchased a new position in shares of Rollins in the third quarter worth approximately $5,102,000. Intech Investment Management LLC increased its position in shares of Rollins by 13.7% in the third quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock worth $33,484,000 after acquiring an additional 79,546 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after acquiring an additional 420,399 shares in the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of ROL opened at $51.44 on Monday. The company’s 50 day moving average price is $49.75 and its 200 day moving average price is $49.41. Rollins, Inc. has a 52 week low of $41.72 and a 52 week high of $53.72. The company has a market capitalization of $24.91 billion, a PE ratio of 53.59 and a beta of 0.78. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Research analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Insider Buying and Selling at Rollins

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the sale, the insider now directly owns 41,173 shares in the company, valued at $2,131,937.94. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction that occurred 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 sale, the insider now owns 9,602 shares of the company’s stock, valued at $509,866.20. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,338 shares of company stock worth $945,882 over the last ninety days. 4.69% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Morgan Stanley lifted their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Wells Fargo & Company lifted their target price on shares of 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 shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $52.00.

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.