Rollins, Inc. (NYSE:ROL) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its holdings in Rollins, Inc. (NYSE:ROL) by 28.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,183 shares of the business services provider’s stock after purchasing an additional 2,483 shares during the quarter. NEOS Investment Management LLC’s holdings in Rollins were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ROL. Brooklyn Investment Group acquired a new position in shares of Rollins during the 3rd quarter valued at about $28,000. Murphy & Mullick Capital Management Corp purchased a new stake in Rollins in the fourth quarter valued at approximately $29,000. Centricity Wealth Management LLC acquired a new position in Rollins during the fourth quarter worth approximately $31,000. True Wealth Design LLC raised its stake in Rollins by 4,272.2% during 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. Finally, Versant Capital Management Inc boosted its holdings in shares of Rollins by 57.8% in the 4th 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 during the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on ROL shares. UBS Group increased their target price on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Wells Fargo & Company lifted their price objective on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Morgan Stanley lifted their price target on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research report on Monday, January 6th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $52.00.

Rollins Stock Down 1.4 %

NYSE ROL opened at $53.04 on Monday. The stock has a market cap of $25.73 billion, a PE ratio of 55.25 and a beta of 0.78. The business has a 50 day moving average price of $50.88 and a two-hundred day moving average price of $49.56. Rollins, Inc. has a fifty-two week low of $41.72 and a fifty-two week high of $54.00. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30.

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, 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 predict that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 1.24%. 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 Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the transaction, the insider now directly owns 41,173 shares of the company’s stock, valued at $2,131,937.94. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,338 shares of company stock worth $945,882. 4.47% of the stock is currently owned by corporate insiders.

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.