Ameriprise Financial Inc. Decreases Stock Position in Rollins, Inc. (NYSE:ROL)

Ameriprise Financial Inc. trimmed its position in shares of Rollins, Inc. (NYSE:ROL) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,188,743 shares of the business services provider’s stock after selling 120,169 shares during the quarter. Ameriprise Financial Inc. owned 0.25% of Rollins worth $55,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of Rollins by 54.7% during the 3rd quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock worth $8,725,000 after purchasing an additional 61,475 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Rollins by 136.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 265,945 shares of the business services provider’s stock valued at $12,327,000 after buying an additional 153,437 shares during the period. True North Advisors LLC purchased a new position in shares of Rollins during the fourth quarter valued at approximately $262,000. Avanza Fonder AB bought a new position in shares of Rollins during the fourth quarter valued at approximately $1,054,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Rollins by 169.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,658 shares of the business services provider’s stock worth $123,000 after buying an additional 1,672 shares during the period. Institutional investors own 51.79% of the company’s stock.

Rollins Stock Up 0.0 %

Rollins stock opened at $56.70 on Friday. Rollins, Inc. has a twelve month low of $45.00 and a twelve month high of $57.43. The business has a fifty day moving average of $53.92 and a two-hundred day moving average of $50.67. The firm has a market cap of $27.48 billion, a P/E ratio of 59.06 and a beta of 0.79. 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 issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. On average, analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 12th will be given a dividend of $0.165 per share. The ex-dividend date is Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a yield of 1.16%. Rollins’s payout ratio is 66.67%.

Insider Buying and Selling at Rollins

In related news, insider Thomas D. Tesh sold 1,921 shares of Rollins 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 sale, the insider now directly owns 41,173 shares in the company, valued at $2,131,937.94. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Elizabeth B. Chandler sold 13,193 shares of the business’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 in the company, valued at approximately $3,916,600.68. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,259 shares of company stock worth $1,047,330 over the last three months. Corporate insiders own 4.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays upped their price objective on Rollins from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Friday, April 4th. Royal Bank of Canada lifted their price objective on shares of Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Morgan Stanley upped their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. UBS Group lifted their price target 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. Finally, Canaccord Genuity Group increased their price objective on Rollins from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.57.

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.