Appleton Partners Inc. MA Purchases 27,820 Shares of Rollins, Inc. (NYSE:ROL)

Appleton Partners Inc. MA raised its position in Rollins, Inc. (NYSE:ROL) by 129.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 49,365 shares of the business services provider’s stock after acquiring an additional 27,820 shares during the period. Appleton Partners Inc. MA’s holdings in Rollins were worth $2,288,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROL. Brooklyn Investment Group acquired a new stake in Rollins in the 3rd quarter valued at $28,000. True Wealth Design LLC increased its position in shares of 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 in the last quarter. Versant Capital Management Inc raised 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 bought a new position in Rollins in the 3rd quarter valued at about $52,000. Finally, Intact Investment Management Inc. acquired a new position in Rollins during the 3rd quarter valued at about $71,000. Institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling

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

Rollins Price Performance

ROL opened at $50.08 on Friday. The firm has a market cap of $24.25 billion, a P/E ratio of 52.17 and a beta of 0.76. 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, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $52.16. The firm has a 50-day moving average of $47.99 and a 200 day moving average of $48.92.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.32%. Rollins’s payout ratio is currently 68.75%.

Wall Street Analyst Weigh In

Several analysts have recently commented on ROL shares. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Wells Fargo & Company increased their price target on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Morgan Stanley upped their target price on shares of Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Barclays assumed coverage on shares of Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target on the stock. Finally, UBS Group upped their price objective 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Rollins has an average rating of “Hold” and a consensus target price of $51.50.

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.