Rollins, Inc. (NYSE:ROL) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in Rollins, Inc. (NYSE:ROL) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 619,018 shares of the business services provider’s stock after selling 7,438 shares during the period. Rhumbline Advisers owned 0.13% of Rollins worth $28,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ROL. Creative Planning lifted its stake in shares of Rollins by 27.1% in the 3rd quarter. Creative Planning now owns 23,169 shares of the business services provider’s stock worth $1,172,000 after acquiring an additional 4,946 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Rollins by 4.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 8,354 shares of the business services provider’s stock worth $423,000 after acquiring an additional 341 shares during the period. Blue Trust Inc. lifted its stake in shares of Rollins by 307.2% in the 3rd quarter. Blue Trust Inc. now owns 6,532 shares of the business services provider’s stock worth $319,000 after acquiring an additional 4,928 shares during the period. Eastern Bank acquired a new stake in shares of Rollins in the 3rd quarter worth approximately $2,538,000. Finally, Bank Pictet & Cie Europe AG lifted its stake in shares of Rollins by 3.7% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 61,950 shares of the business services provider’s stock worth $3,133,000 after acquiring an additional 2,200 shares during the period. 51.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ROL shares. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Company boosted their target price on shares of Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Barclays began coverage on shares of Rollins in a report on Monday, November 4th. They issued an “equal weight” rating and a $50.00 target price on the stock. Canaccord Genuity Group boosted their target price on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Finally, Morgan Stanley boosted their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Rollins has a consensus rating of “Hold” and an average target price of $52.00.

Rollins Stock Up 1.6 %

ROL stock opened at $50.79 on Thursday. Rollins, Inc. has a 52-week low of $40.76 and a 52-week high of $52.83. The company’s 50 day simple moving average is $48.18 and its 200-day simple moving average is $49.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The firm has a market capitalization of $24.60 billion, a P/E ratio of 52.91 and a beta of 0.76.

Rollins (NYSE:ROL) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) 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, equities research analysts anticipate that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.30%. Rollins’s dividend payout ratio is currently 68.75%.

Rollins Company 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.