Triasima Portfolio Management inc. Invests $210,000 in Rollins, Inc. (NYSE:ROL)

Triasima Portfolio Management inc. bought a new stake in shares of Rollins, Inc. (NYSE:ROL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,525 shares of the business services provider’s stock, valued at approximately $210,000.

Several other large investors have also added to or reduced their stakes in ROL. Brooklyn Investment Group acquired a new position in Rollins in the third quarter valued at approximately $28,000. True Wealth Design LLC increased its stake in shares of Rollins by 4,272.2% in the 3rd 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 in the last quarter. Versant Capital Management Inc lifted its position 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 valued at $41,000 after acquiring an additional 326 shares during the period. Capital Performance Advisors LLP bought a new position in Rollins during the third quarter worth $52,000. Finally, Intact Investment Management Inc. acquired a new stake in Rollins in the third quarter worth $71,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Rollins Stock Performance

Shares of Rollins stock opened at $50.08 on Friday. Rollins, Inc. has a 52 week low of $40.41 and a 52 week high of $52.16. 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 business has a 50 day moving average price of $47.99 and a 200-day moving average price of $48.92. The company has a market cap of $24.25 billion, a PE ratio of 52.17 and a beta of 0.76.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s dividend payout ratio (DPR) is presently 68.75%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Barclays initiated coverage on Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target on the stock. Morgan Stanley boosted their price objective on Rollins from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a report on Monday, January 6th. Finally, UBS Group lifted their price target on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Four research 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 currently has a consensus rating of “Hold” and a consensus target price of $51.50.

Insiders Place Their Bets

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction that occurred on 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 owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.69% of the company’s stock.

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.