18,295 Shares in Rollins, Inc. (NYSE:ROL) Bought by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division purchased a new stake in shares of Rollins, Inc. (NYSE:ROL) in the fourth quarter, Holdings Channel reports. The firm purchased 18,295 shares of the business services provider’s stock, valued at approximately $848,000.

Several other institutional investors have also recently bought and sold shares of ROL. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Rollins by 1.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,023,281 shares of the business services provider’s stock worth $489,036,000 after acquiring an additional 148,316 shares in the last quarter. Montrusco Bolton Investments Inc. increased its holdings in 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. Geode Capital Management LLC raised its stake in shares of 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 worth $366,821,000 after purchasing an additional 157,619 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Rollins by 4.9% in the second quarter. Renaissance Technologies LLC now owns 2,825,569 shares of the business services provider’s stock valued at $137,860,000 after purchasing an additional 133,100 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Rollins by 22.6% during 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 buying an additional 420,399 shares during the last quarter. Institutional investors and hedge funds own 51.79% of the company’s stock.

Insider Activity

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the sale, the insider now owns 124,214 shares of the company’s stock, valued at $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.69% of the company’s stock.

Rollins Price Performance

ROL opened at $46.17 on Friday. 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 $48.65 and a 200 day moving average of $49.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. The firm has a market cap of $22.36 billion, a P/E ratio of 48.09 and a beta of 0.75.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $916.27 million for the quarter, compared to the consensus estimate of $911.15 million. Rollins had a net margin of 14.18% and a return on equity of 38.67%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. On average, research analysts expect that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a dividend yield of 1.43%. Rollins’s payout ratio is presently 68.75%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research report on Friday, December 27th. Barclays initiated 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. Morgan Stanley upped their price objective on shares of Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company lifted their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Rollins has a consensus rating of “Moderate Buy” and a consensus target price of $51.40.

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.