PNC Financial Services Group Inc. Sells 292 Shares of Rollins, Inc. (NYSE:ROL)

PNC Financial Services Group Inc. cut its stake in Rollins, Inc. (NYSE:ROL) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,895 shares of the business services provider’s stock after selling 292 shares during the period. PNC Financial Services Group Inc.’s holdings in Rollins were worth $2,776,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ROL. Montrusco Bolton Investments Inc. raised its position in shares of Rollins by 14.0% in 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 acquiring an additional 1,154,722 shares in the last quarter. Geode Capital Management LLC grew its stake in Rollins by 2.2% during the third quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock worth $366,821,000 after purchasing an additional 157,619 shares during the period. JPMorgan Chase & Co. increased its holdings 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 worth $115,323,000 after purchasing an additional 420,399 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Rollins by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider’s stock valued at $104,347,000 after buying an additional 83,326 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Rollins by 8.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider’s stock worth $103,471,000 after buying an additional 164,720 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ROL. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Morgan Stanley lifted their price target on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday. Wells Fargo & Company raised their target price on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, Canaccord Genuity Group upped their price target on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $52.00.

Insider Buying and Selling at Rollins

In related news, insider Traci Hornfeck sold 3,224 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the transaction, the insider now directly owns 9,602 shares of the company’s stock, valued at $509,866.20. This trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the sale, the insider now directly owns 41,173 shares of the company’s stock, valued at $2,131,937.94. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,338 shares of company stock worth $945,882. Corporate insiders own 4.69% of the company’s stock.

Rollins Stock Up 1.4 %

Shares of NYSE ROL opened at $51.44 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The company has a 50-day moving average price of $49.75 and a 200-day moving average price of $49.42. The stock has a market capitalization of $24.91 billion, a P/E ratio of 53.59 and a beta of 0.78. Rollins, Inc. has a 1 year low of $41.72 and a 1 year high of $53.72.

Rollins (NYSE:ROL) last released 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 return on equity of 37.94% and a net margin of 13.76%. On average, equities research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins’s payout ratio is currently 68.75%.

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.