Commerce Bank Has $7.11 Million Stake in Rollins, Inc. (NYSE:ROL)

Commerce Bank lifted its stake in Rollins, Inc. (NYSE:ROL) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,422 shares of the business services provider’s stock after purchasing an additional 2,623 shares during the period. Commerce Bank’s holdings in Rollins were worth $7,111,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Canada Pension Plan Investment Board increased its stake in shares of Rollins by 9,005.6% in the 4th quarter. Canada Pension Plan Investment Board now owns 833,889 shares of the business services provider’s stock valued at $38,651,000 after buying an additional 824,731 shares during the period. Farringdon Capital Ltd. acquired a new stake in Rollins in the fourth quarter worth about $280,000. Marshall Wace LLP increased its position in Rollins by 389.2% in the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock worth $128,396,000 after purchasing an additional 2,203,859 shares during the period. NewEdge Advisors LLC raised its holdings in Rollins by 359.3% during the 4th quarter. NewEdge Advisors LLC now owns 6,559 shares of the business services provider’s stock worth $304,000 after purchasing an additional 5,131 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its position in Rollins by 28.6% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 18,871 shares of the business services provider’s stock valued at $875,000 after purchasing an additional 4,194 shares during the period. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of Rollins stock opened at $55.80 on Friday. The stock’s fifty day simple moving average is $52.47 and its 200 day simple moving average is $49.99. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $27.07 billion, a PE ratio of 58.13 and a beta of 0.80. Rollins, Inc. has a 12 month low of $42.25 and a 12 month high of $56.26.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. On average, research analysts predict that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Tuesday, February 25th. Rollins’s payout ratio is currently 68.75%.

Insider Activity

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $52.81, for a total transaction of $101,448.01. Following the completion of the transaction, the insider now owns 39,640 shares in the company, valued at approximately $2,093,388.40. This represents a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Traci Hornfeck sold 3,224 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total value of $171,194.40. Following the completion of the sale, the insider now owns 9,602 shares in the company, valued at approximately $509,866.20. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,259 shares of company stock worth $1,047,330 over the last quarter. 4.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ROL. Royal Bank of Canada lifted their price target on shares of Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley upped their target price on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Canaccord Genuity Group raised their price target on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Barclays upped their price objective on Rollins from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, April 4th. Finally, StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $54.50.

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.