106,651 Shares in Rollins, Inc. (NYSE:ROL) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Rollins, Inc. (NYSE:ROL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 106,651 shares of the business services provider’s stock, valued at approximately $4,943,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in Rollins in the third quarter worth $28,000. Centricity Wealth Management LLC purchased a new stake in Rollins in the fourth quarter worth $31,000. True Wealth Design LLC lifted its stake in Rollins by 4,272.2% in the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after acquiring an additional 769 shares during the period. Versant Capital Management Inc lifted its stake in Rollins by 57.8% in the fourth quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock worth $41,000 after acquiring an additional 326 shares during the period. Finally, SRS Capital Advisors Inc. lifted its stake in Rollins by 25.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider’s stock worth $66,000 after acquiring an additional 292 shares during the period. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction 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. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the transaction, the insider now directly owns 76,526 shares in the company, valued at approximately $3,916,600.68. The trade was a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,338 shares of company stock worth $945,882. 4.69% of the stock is owned by corporate insiders.

Rollins Price Performance

Shares of NYSE:ROL opened at $51.44 on Monday. Rollins, Inc. has a 1-year low of $41.72 and a 1-year high of $53.72. 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 business has a fifty day moving average price of $49.75 and a 200-day moving average price of $49.41. The company has a market capitalization of $24.91 billion, a PE ratio of 53.59 and a beta of 0.78.

Rollins (NYSE:ROL) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. As a group, equities analysts expect that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were issued a $0.165 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.28%. Rollins’s payout ratio is 68.75%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Morgan Stanley raised their price objective on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Wells Fargo & Company raised their price objective on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. UBS Group raised their price objective on Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Canaccord Genuity Group raised their price objective on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $52.00.

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.