Everence Capital Management Inc. Has $258,000 Stock Position in Rollins, Inc. (NYSE:ROL)

Everence Capital Management Inc. reduced its stake in Rollins, Inc. (NYSE:ROL) by 62.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,570 shares of the business services provider’s stock after selling 9,300 shares during the period. Everence Capital Management Inc.’s holdings in Rollins were worth $258,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Brooklyn Investment Group acquired a new position in shares of Rollins during the 3rd quarter worth about $28,000. Quest Partners LLC bought a new position in Rollins during the 2nd quarter worth approximately $33,000. True Wealth Design LLC grew its holdings 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 valued at $40,000 after purchasing an additional 769 shares during the period. Versant Capital Management Inc grew its holdings 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 period. Finally, Capital Performance Advisors LLP bought a new stake in Rollins in the third quarter valued at approximately $52,000. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rollins

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the sale, the insider now owns 124,214 shares in the company, valued at $6,195,794.32. This trade represents a 10.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.69% of the company’s stock.

Analyst Upgrades and Downgrades

ROL has been the subject of several research analyst reports. Canaccord Genuity Group assumed coverage on shares of Rollins in a report on Tuesday. They issued a “hold” rating and a $48.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Monday. Morgan Stanley raised their price target on Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Barclays initiated coverage on Rollins in a research report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price objective for the company. Finally, StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Rollins currently has a consensus rating of “Hold” and a consensus target price of $50.83.

Rollins Stock Up 0.1 %

Shares of Rollins stock opened at $45.69 on Wednesday. The firm has a market cap of $22.13 billion, a PE ratio of 47.59 and a beta of 0.75. Rollins, Inc. has a 52-week low of $40.41 and a 52-week high of $52.16. The business’s 50 day simple moving average is $48.62 and its 200 day simple moving average is $49.11. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). Rollins had a net margin of 14.18% and a return on equity of 38.67%. The business had revenue of $916.27 million during the quarter, compared to analyst estimates of $911.15 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts predict that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from Rollins’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.44%. Rollins’s dividend payout ratio is 68.75%.

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.