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

Corient Private Wealth LLC decreased its stake in Rollins, Inc. (NYSE:ROL) by 1.2% during the 4th quarter, Holdings Channel reports. The firm owned 477,325 shares of the business services provider’s stock after selling 5,571 shares during the quarter. Corient Private Wealth LLC’s holdings in Rollins were worth $22,124,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group acquired a new stake in shares of Rollins in the third quarter valued at about $28,000. Centricity Wealth Management LLC acquired a new stake in shares of Rollins in the fourth quarter valued at about $31,000. True Wealth Design LLC grew its position in shares of Rollins by 4,272.2% in the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 769 shares during the period. Versant Capital Management Inc grew its position in shares of 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 purchasing an additional 326 shares during the period. Finally, Atala Financial Inc acquired a new stake in shares of Rollins in the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Price Performance

Rollins stock opened at $51.89 on Wednesday. The company’s 50 day simple moving average is $50.00 and its 200-day simple moving average is $49.43. The company has a market capitalization of $25.13 billion, a price-to-earnings ratio of 54.06 and a beta of 0.78. Rollins, Inc. has a 1 year low of $41.72 and a 1 year high of $53.72. 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 earnings per share 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%. As a group, equities research analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is currently 68.75%.

Insider Activity at Rollins

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the transaction, the insider now owns 76,526 shares in the company, valued at $3,916,600.68. The trade was a 14.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Traci Hornfeck sold 3,224 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,338 shares of company stock worth $945,882. Corporate insiders own 4.69% of the company’s stock.

Wall Street Analyst Weigh In

ROL has been the topic of several research analyst reports. Morgan Stanley lifted their target price on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. StockNews.com lowered shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Wells Fargo & Company boosted their price target 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. Royal Bank of Canada restated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. Finally, Canaccord Genuity Group boosted their price target 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. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.