Vestcor Inc Has $2.49 Million Position in Rollins, Inc. (NYSE:ROL)

Vestcor Inc trimmed its holdings in Rollins, Inc. (NYSE:ROL) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,638 shares of the business services provider’s stock after selling 1,622 shares during the quarter. Vestcor Inc’s holdings in Rollins were worth $2,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Brooklyn Investment Group bought a new position in shares of Rollins during the 3rd quarter worth approximately $28,000. Centricity Wealth Management LLC bought a new position in Rollins during the fourth quarter worth $31,000. True Wealth Design LLC grew its holdings in Rollins by 4,272.2% in the third 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 increased its stake in Rollins by 57.8% in the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 326 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Rollins by 25.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 292 shares during the period. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ROL shares. Wells Fargo & Company upped their price target on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. Canaccord Genuity Group lifted their price target on shares of Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Morgan Stanley upped their price objective on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Rollins currently has an average rating of “Hold” and an average price target of $52.00.

Rollins Price Performance

Shares of NYSE:ROL opened at $51.44 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The stock has a market cap of $24.91 billion, a PE ratio of 53.59 and a beta of 0.78. The stock’s fifty day simple moving average is $49.75 and its two-hundred day simple moving average is $49.42. Rollins, Inc. has a 1-year low of $41.72 and a 1-year high of $53.72.

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

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins’s payout ratio is 68.75%.

Insider Buying and Selling

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the sale, the insider now owns 9,602 shares of the company’s stock, valued at $509,866.20. The trade was a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was 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 directly owns 76,526 shares of the company’s stock, valued at $3,916,600.68. The trade was a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,338 shares of company stock worth $945,882. 4.69% of the stock is owned by company insiders.

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.