Bridges Investment Management Inc. Takes Position in Rollins, Inc. (NYSE:ROL)

Bridges Investment Management Inc. acquired a new stake in Rollins, Inc. (NYSE:ROLFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 37,166 shares of the business services provider’s stock, valued at approximately $1,623,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROL. Eagle Bay Advisors LLC acquired a new stake in shares of Rollins in the second quarter valued at approximately $29,000. KB Financial Partners LLC acquired a new stake in shares of Rollins in the first quarter valued at approximately $32,000. Fred Alger Management LLC acquired a new position in Rollins during the third quarter worth $41,000. Operose Advisors LLC acquired a new position in Rollins during the third quarter worth $47,000. Finally, Cornerstone Planning Group LLC acquired a new position in Rollins during the second quarter worth $47,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Elizabeth B. Chandler sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total value of $410,500.00. Following the completion of the sale, the insider now owns 99,709 shares of the company’s stock, valued at $4,093,054.45. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Elizabeth B. Chandler sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total value of $410,500.00. Following the completion of the sale, the insider now owns 99,709 shares of the company’s stock, valued at $4,093,054.45. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Traci Hornfeck sold 2,677 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $43.48, for a total transaction of $116,395.96. Following the completion of the sale, the insider now directly owns 14,376 shares of the company’s stock, valued at approximately $625,068.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,824 shares of company stock valued at $994,558. 4.69% of the stock is owned by company insiders.

Rollins Stock Performance

Shares of NYSE:ROL traded up $0.04 on Wednesday, hitting $45.57. The company had a trading volume of 132,832 shares, compared to its average volume of 1,922,709. Rollins, Inc. has a 1-year low of $32.19 and a 1-year high of $47.45. The stock has a market cap of $22.08 billion, a price-to-earnings ratio of 51.74, a P/E/G ratio of 3.61 and a beta of 0.63. The stock has a 50 day moving average price of $44.34 and a 200 day moving average price of $41.32. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.42.

Rollins (NYSE:ROLGet Free Report) last released its quarterly earnings data on Wednesday, February 14th. The business services provider reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Rollins had a net margin of 14.15% and a return on equity of 35.97%. The firm had revenue of $754.10 million for the quarter, compared to the consensus estimate of $753.40 million. During the same period in the previous year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts expect that Rollins, Inc. will post 0.99 EPS for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were given a $0.15 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.32%. Rollins’s payout ratio is presently 68.18%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ROL. UBS Group lowered their target price on shares of Rollins from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, February 16th. The Goldman Sachs Group began coverage on shares of Rollins in a report on Tuesday, January 2nd. They set a “buy” rating and a $49.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Rollins in a report on Thursday, February 15th. Morgan Stanley began coverage on shares of Rollins in a report on Thursday, December 21st. They set an “equal weight” rating and a $42.00 target price on the stock. Finally, StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Rollins has an average rating of “Moderate Buy” and an average price target of $46.83.

Check Out Our Latest Report on ROL

Rollins Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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