State of Alaska Department of Revenue Sells 620 Shares of Rollins, Inc. (NYSE:ROL)

State of Alaska Department of Revenue cut its holdings in Rollins, Inc. (NYSE:ROL) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,554 shares of the business services provider’s stock after selling 620 shares during the period. State of Alaska Department of Revenue’s holdings in Rollins were worth $6,143,000 as of its most recent SEC filing.

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

Rollins Trading Down 0.4 %

NYSE ROL opened at $50.08 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. The stock’s 50-day simple moving average is $47.99 and its two-hundred day simple moving average is $48.92. Rollins, Inc. has a twelve month low of $40.41 and a twelve month high of $52.16. The company has a market capitalization of $24.25 billion, a price-to-earnings ratio of 52.17 and a beta of 0.76.

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 given a $0.165 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.32%. Rollins’s payout ratio is 68.75%.

Insiders Place Their Bets

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the company’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 completion of the sale, the insider now directly owns 124,214 shares in the company, valued at $6,195,794.32. This represents a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.69% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ROL. Canaccord Genuity Group began coverage on shares of Rollins in a research note on Tuesday, January 7th. They set a “hold” rating and a $48.00 price objective for the company. Wells Fargo & Company increased their price objective on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. 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. Finally, StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $51.50.

Rollins 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.