Rollins, Inc. (NYSE:ROL) Position Boosted by Invesco Ltd.

Invesco Ltd. lifted its stake in Rollins, Inc. (NYSE:ROL) by 16.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,267,060 shares of the business services provider’s stock after purchasing an additional 617,876 shares during the quarter. Invesco Ltd. owned 0.88% of Rollins worth $197,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ROL. Murphy & Mullick Capital Management Corp purchased a new stake in Rollins in the 4th quarter worth approximately $29,000. Centricity Wealth Management LLC purchased a new stake in shares of Rollins during the fourth quarter worth $31,000. Mizuho Bank Ltd. purchased a new stake in shares of Rollins during the fourth quarter worth $37,000. Versant Capital Management Inc boosted its position in Rollins by 57.8% during 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 during the last quarter. Finally, Atala Financial Inc purchased a new position in Rollins in the fourth quarter valued at about $47,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ROL shares. Canaccord Genuity Group boosted their price target on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price target on shares of Rollins in a research report on Monday, January 6th. UBS Group raised their price objective on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Wells Fargo & Company lifted their price target on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $52.83.

Insider Activity at Rollins

In other 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 value of $171,194.40. Following the sale, the insider now owns 9,602 shares in the company, valued at approximately $509,866.20. The trade was a 25.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $52.81, for a total transaction of $101,448.01. Following the completion of the sale, the insider now directly owns 39,640 shares in the company, valued at approximately $2,093,388.40. The trade was a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,259 shares of company stock valued at $1,047,330 over the last quarter. 4.47% of the stock is owned by company insiders.

Rollins Price Performance

Shares of NYSE:ROL opened at $55.30 on Friday. The firm has a market capitalization of $26.82 billion, a PE ratio of 57.60 and a beta of 0.80. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a 1-year low of $41.72 and a 1-year high of $56.26. The business’s 50 day moving average is $51.91 and its 200-day moving average is $49.80.

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

Rollins Announces Dividend

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. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.19%. Rollins’s dividend payout ratio (DPR) 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.