SG Americas Securities LLC grew its holdings in Rollins, Inc. (NYSE:ROL – Free Report) by 535.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 261,379 shares of the business services provider’s stock after buying an additional 220,230 shares during the period. SG Americas Securities LLC owned approximately 0.05% of Rollins worth $12,115,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently made changes to their positions in ROL. Brooklyn Investment Group bought a new position in shares of Rollins during the 3rd quarter valued at approximately $28,000. True Wealth Design LLC increased its position 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 valued at $40,000 after acquiring an additional 769 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Rollins by 57.8% in the 4th 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 purchased a new position in shares of Rollins during the 3rd quarter worth about $52,000. Finally, Intact Investment Management Inc. bought a new position in Rollins during the 3rd quarter valued at about $71,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Rollins
In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction 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 directly owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.69% of the stock is owned by corporate insiders.
Rollins Trading Up 0.3 %
Rollins (NYSE:ROL – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $916.27 million during the quarter, compared to the consensus estimate of $911.15 million. Rollins had a return on equity of 38.67% and a net margin of 14.18%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. Equities analysts forecast that Rollins, Inc. will post 0.99 EPS for the current fiscal year.
Rollins Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors 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 dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is currently 68.75%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on ROL shares. Wells Fargo & Company boosted their target price on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Canaccord Genuity Group assumed 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. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. 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 report on Thursday, December 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Rollins presently has an average rating of “Hold” and an average target price of $51.50.
Get Our Latest Stock Report on Rollins
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.
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