Rollins, Inc. (NYSE:ROL) Shares Sold by Greenleaf Trust

Greenleaf Trust lessened its holdings in Rollins, Inc. (NYSE:ROL) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,052 shares of the business services provider’s stock after selling 342 shares during the period. Greenleaf Trust’s holdings in Rollins were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Rollins in the 3rd quarter valued at about $28,000. True Wealth Design LLC increased its position in shares of Rollins by 4,272.2% during the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 769 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Rollins by 57.8% in the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 326 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Rollins in the 3rd quarter worth approximately $52,000. Finally, Intact Investment Management Inc. acquired a new position in shares of Rollins in the 3rd quarter worth approximately $71,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total value of $735,730.00. Following the sale, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.69% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on ROL shares. Morgan Stanley boosted their target price on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a report on Monday. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Rollins in a report on Monday, January 6th. Barclays initiated coverage on shares of Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 price target on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Rollins from $56.00 to $58.00 and gave the company 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 given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.50.

Rollins Price Performance

Shares of NYSE ROL opened at $50.23 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The company has a market cap of $24.33 billion, a price-to-earnings ratio of 52.32 and a beta of 0.76. The stock’s 50-day moving average is $48.01 and its two-hundred day moving average is $48.91. Rollins, Inc. has a 1-year low of $40.41 and a 1-year high of $52.16.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.31%. Rollins’s dividend payout ratio (DPR) is 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.