Boston Financial Mangement LLC Raises Stock Holdings in Rollins, Inc. (NYSE:ROL)

Boston Financial Mangement LLC boosted its stake in Rollins, Inc. (NYSE:ROL) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,169 shares of the business services provider’s stock after purchasing an additional 8,546 shares during the quarter. Boston Financial Mangement LLC owned about 0.08% of Rollins worth $18,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Montrusco Bolton Investments Inc. raised its position 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 valued at $465,503,000 after buying an additional 1,154,722 shares in the last quarter. Geode Capital Management LLC increased its stake in Rollins by 2.2% in the third quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock valued at $366,821,000 after acquiring an additional 157,619 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after acquiring an additional 420,399 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Rollins by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,167,949 shares of the business services provider’s stock valued at $109,655,000 after purchasing an additional 31,458 shares in the last quarter. Finally, Eventide Asset Management LLC lifted its stake in Rollins by 2.0% during the third quarter. Eventide Asset Management LLC now owns 1,739,892 shares of the business services provider’s stock worth $88,004,000 after purchasing an additional 34,746 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors.

Rollins Trading Up 1.6 %

NYSE:ROL opened at $50.79 on Thursday. The firm has a market capitalization of $24.60 billion, a P/E ratio of 52.91 and a beta of 0.76. Rollins, Inc. has a 52 week low of $40.76 and a 52 week high of $52.83. The company has a fifty day moving average of $48.18 and a 200 day moving average of $49.07. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) 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%. On average, research analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.30%. Rollins’s dividend payout ratio is currently 68.75%.

Analysts Set New Price Targets

ROL has been the topic of several recent research reports. Barclays began coverage on Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 price objective on the stock. Morgan Stanley lifted their price target on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. UBS Group boosted their price objective on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, 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 note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $52.00.

Rollins Company 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.