NewEdge Wealth LLC Buys 3,519 Shares of Rollins, Inc. (NYSE:ROL)

NewEdge Wealth LLC grew its stake in Rollins, Inc. (NYSE:ROL) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,613 shares of the business services provider’s stock after acquiring an additional 3,519 shares during the period. NewEdge Wealth LLC’s holdings in Rollins were worth $4,524,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in Rollins by 54.7% in the 3rd quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock worth $8,725,000 after acquiring an additional 61,475 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Rollins during the third quarter valued at approximately $1,428,000. Westfield Capital Management Co. LP bought a new position in shares of Rollins during the third quarter valued at approximately $5,102,000. Intech Investment Management LLC boosted its stake in shares of Rollins by 13.7% during the third quarter. Intech Investment Management LLC now owns 661,997 shares of the business services provider’s stock valued at $33,484,000 after purchasing an additional 79,546 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 420,399 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROL has been the topic of a number of recent research reports. Wells Fargo & Company increased 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. Canaccord Genuity Group increased their price objective on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. UBS Group increased 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. 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 objective on the stock. Finally, Morgan Stanley increased their price objective on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $52.00.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the completion of the transaction, the insider now owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.69% of the company’s stock.

Rollins Trading Up 0.2 %

NYSE:ROL opened at $51.39 on Friday. Rollins, Inc. has a 52 week low of $41.72 and a 52 week high of $52.83. The firm has a 50 day moving average of $48.57 and a 200 day moving average of $49.21. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $24.88 billion, a price-to-earnings ratio of 53.53 and a beta of 0.76.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. As a group, sell-side analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. Rollins’s dividend payout ratio is currently 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.