Gamco Investors INC. ET AL Has $80.95 Million Position in Rollins, Inc. (NYSE:ROL)

Gamco Investors INC. ET AL trimmed its holdings in shares of Rollins, Inc. (NYSE:ROL) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,746,487 shares of the business services provider’s stock after selling 26,239 shares during the quarter. Rollins comprises about 0.8% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 19th largest holding. Gamco Investors INC. ET AL owned approximately 0.36% of Rollins worth $80,950,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Rollins during the 4th quarter worth approximately $176,784,000. Raymond James Financial Inc. bought a new position in Rollins in the fourth quarter valued at about $74,249,000. Geode Capital Management LLC lifted its holdings in shares of Rollins by 17.6% in the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock worth $395,819,000 after acquiring an additional 1,282,508 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Rollins by 16.9% during the 4th quarter. Invesco Ltd. now owns 4,267,060 shares of the business services provider’s stock valued at $197,778,000 after purchasing an additional 617,876 shares during the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super bought a new position in Rollins in the 4th quarter valued at approximately $26,841,000. 51.79% of the stock is currently owned by institutional investors.

Rollins Price Performance

Rollins stock opened at $55.73 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69. The stock has a market capitalization of $27.03 billion, a price-to-earnings ratio of 58.05 and a beta of 0.80. The stock’s 50 day moving average price is $52.04 and its two-hundred day moving average price is $49.84. Rollins, Inc. has a 52-week low of $41.72 and a 52-week high of $57.55.

Rollins (NYSE:ROL) last issued 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 return on equity of 37.94% and a net margin of 13.76%. On average, equities analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.18%. Rollins’s payout ratio is 68.75%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ROL shares. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Wells Fargo & Company boosted their price objective on shares of 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 report on Monday, January 6th. Canaccord Genuity Group increased 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. Finally, Barclays boosted their price target on shares of Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, April 4th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Rollins presently has a consensus rating of “Hold” and an average price target of $52.83.

Insider Activity

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of Rollins stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the transaction, the insider now owns 41,173 shares in the company, valued at $2,131,937.94. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,259 shares of company stock worth $1,047,330 over the last three months. 4.47% of the stock is currently owned by insiders.

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.