Values First Advisors Inc. Sells 602 Shares of Rollins, Inc. (NYSE:ROL)

Values First Advisors Inc. cut its holdings in shares of Rollins, Inc. (NYSE:ROL) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,714 shares of the business services provider’s stock after selling 602 shares during the quarter. Values First Advisors Inc.’s holdings in Rollins were worth $775,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Montrusco Bolton Investments Inc. grew its holdings in shares of Rollins by 14.0% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock worth $465,503,000 after purchasing an additional 1,154,722 shares in the last quarter. Fiera Capital Corp acquired a new stake in Rollins during the third quarter worth $43,225,000. Point72 Asset Management L.P. bought a new stake in Rollins in the 3rd quarter valued at $28,980,000. Allspring Global Investments Holdings LLC raised its stake in shares of Rollins by 96.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider’s stock valued at $46,046,000 after buying an additional 490,183 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Rollins by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after buying an additional 420,399 shares in the last quarter. 51.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ROL has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Barclays assumed coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Canaccord Genuity Group began coverage on Rollins in a research report on Tuesday, January 7th. They set a “hold” rating and a $48.00 target price for the company. Morgan Stanley boosted their price target on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Rollins has an average rating of “Hold” and a consensus price target of $51.50.

Insider Activity

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now owns 124,214 shares of the company’s stock, valued at approximately $6,195,794.32. This represents a 10.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.69% of the stock is currently owned by corporate insiders.

Rollins Stock Down 0.1 %

NYSE ROL opened at $49.90 on Wednesday. The stock’s 50 day simple moving average is $47.99 and its 200 day simple moving average is $48.92. Rollins, Inc. has a one year low of $40.41 and a one year high of $52.16. The firm has a market cap of $24.17 billion, a PE ratio of 51.98 and a beta of 0.76. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72.

Rollins Announces Dividend

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

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.