Rollins, Inc. (NYSE:ROL) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lessened its holdings in Rollins, Inc. (NYSE:ROL) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,399,261 shares of the business services provider’s stock after selling 123,275 shares during the quarter. Rollins makes up about 1.5% of Riverbridge Partners LLC’s investment portfolio, making the stock its 24th largest holding. Riverbridge Partners LLC’s holdings in Rollins were worth $111,206,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group bought a new position in shares of Rollins in the 3rd quarter worth about $28,000. True Wealth Design LLC raised its stake in Rollins by 4,272.2% during the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after acquiring an additional 769 shares during the period. Versant Capital Management Inc lifted its holdings in Rollins by 57.8% in the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after acquiring an additional 326 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Rollins in the third quarter valued at approximately $52,000. Finally, Intact Investment Management Inc. bought a new position in shares of Rollins during the third quarter valued at approximately $71,000. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of ROL opened at $48.43 on Thursday. The firm has a market capitalization of $23.45 billion, a PE ratio of 50.45 and a beta of 0.75. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $48.29 and a 200 day moving average price of $48.92. Rollins, Inc. has a 52-week low of $40.41 and a 52-week high of $52.16.

Rollins (NYSE:ROL) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) 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 company had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. During the same quarter last year, the business earned $0.28 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts anticipate that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.36%. Rollins’s payout ratio is currently 68.75%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ROL. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Monday, January 6th. Canaccord Genuity Group began coverage on Rollins in a research note on Tuesday, January 7th. They issued a “hold” rating and a $48.00 target price on the stock. Morgan Stanley upped their price target on shares of Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Barclays initiated coverage on shares of Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Finally, UBS Group upped 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. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Rollins currently has an average rating of “Hold” and an average target price of $51.50.

Insider Activity

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the transaction, the insider now owns 124,214 shares of the company’s stock, valued at $6,195,794.32. The trade was a 10.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 4.69% of the stock is owned by insiders.

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.