Griffin Asset Management Inc. Sells 3,745 Shares of Rollins, Inc. (NYSE:ROL)

Griffin Asset Management Inc. lowered its position in shares of Rollins, Inc. (NYSE:ROL) by 13.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,205 shares of the business services provider’s stock after selling 3,745 shares during the period. Griffin Asset Management Inc.’s holdings in Rollins were worth $1,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROL. Brooklyn Investment Group purchased a new position in shares of Rollins in the 3rd quarter valued at $28,000. True Wealth Design LLC lifted 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 buying an additional 769 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Rollins by 57.8% during the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after acquiring an additional 326 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Rollins in the third quarter valued at approximately $52,000. Finally, Intact Investment Management Inc. purchased a new position in Rollins in the third quarter worth $71,000. 51.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ROL shares. Canaccord Genuity Group assumed coverage on shares of Rollins in a report on Tuesday, January 7th. They set a “hold” rating and a $48.00 price objective on the stock. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. UBS Group lifted their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. Finally, Barclays initiated coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $51.50.

Insider Buying and Selling at Rollins

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.69% of the stock is currently owned by insiders.

Rollins Trading Up 2.3 %

Shares of ROL stock opened at $49.46 on Tuesday. The stock has a market capitalization of $23.95 billion, a P/E ratio of 51.52 and a beta of 0.75. The company has a 50 day moving average price of $48.17 and a 200 day moving average price of $48.90. Rollins, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $52.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.33%. Rollins’s dividend payout ratio is presently 68.75%.

About Rollins

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.