Thrivent Financial for Lutherans Has $781,000 Holdings in Rollins, Inc. (NYSE:ROL)

Thrivent Financial for Lutherans boosted its holdings in Rollins, Inc. (NYSE:ROL) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,868 shares of the business services provider’s stock after acquiring an additional 551 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Rollins were worth $781,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ROL. Geode Capital Management LLC raised its position in Rollins by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock valued at $366,821,000 after buying an additional 157,619 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Rollins by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after acquiring an additional 420,399 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Rollins by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider’s stock valued at $104,347,000 after purchasing an additional 83,326 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Rollins by 8.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider’s stock valued at $103,471,000 after purchasing an additional 164,720 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Rollins during the fourth quarter worth about $74,249,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Wells Fargo & Company upped their target price on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research note on Monday, January 6th. Finally, Canaccord Genuity Group raised their target price on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $52.00.

Insider Transactions at Rollins

In other news, insider Traci Hornfeck sold 3,224 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total value of $171,194.40. Following the completion of the transaction, the insider now directly owns 9,602 shares of the company’s stock, valued at $509,866.20. This trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the business’s stock in a transaction 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 sale, the insider now owns 41,173 shares in the company, valued at approximately $2,131,937.94. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,338 shares of company stock worth $945,882 over the last quarter. Corporate insiders own 4.47% of the company’s stock.

Rollins Price Performance

Rollins stock opened at $54.77 on Thursday. The business’s 50 day simple moving average is $51.24 and its 200 day simple moving average is $49.65. Rollins, Inc. has a 12 month low of $41.72 and a 12 month high of $54.85. The company has a market cap of $26.57 billion, a price-to-earnings ratio of 57.05 and a beta of 0.78. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL) last issued its quarterly 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%. Sell-side analysts forecast that Rollins, Inc. will post 1.09 EPS for the current year.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.21%. Rollins’s dividend payout ratio is presently 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.