48,097 Shares in Rollins, Inc. (NYSE:ROL) Purchased by Cambridge Trust Co.

Cambridge Trust Co. purchased a new stake in Rollins, Inc. (NYSE:ROL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 48,097 shares of the business services provider’s stock, valued at approximately $2,100,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Rollins by 18.7% during the third quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock worth $1,195,307,000 after purchasing an additional 5,041,371 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Rollins by 40.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock valued at $346,923,000 after buying an additional 2,682,017 shares during the period. Norges Bank acquired a new stake in shares of Rollins during the 4th quarter worth $84,675,000. Durable Capital Partners LP purchased a new position in shares of Rollins in the 1st quarter worth $61,799,000. Finally, Morgan Stanley boosted its holdings in Rollins by 78.8% in the fourth quarter. Morgan Stanley now owns 3,221,759 shares of the business services provider’s stock valued at $117,723,000 after acquiring an additional 1,419,569 shares during the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insider Activity at Rollins

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

Wall Street Analysts Forecast Growth

ROL has been the subject of several research analyst reports. UBS Group restated a “neutral” rating and set a $49.00 price target on shares of Rollins in a research note on Monday. The Goldman Sachs Group initiated coverage on shares of Rollins in a report on Tuesday, January 2nd. They issued a “buy” rating and a $49.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price objective on shares of Rollins in a research note on Thursday, February 15th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley assumed 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.83.

Rollins Trading Down 1.3 %

ROL opened at $42.44 on Friday. The firm’s 50 day moving average is $44.50 and its 200-day moving average is $41.82. Rollins, Inc. has a 52-week low of $32.19 and a 52-week high of $47.45. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $20.56 billion, a P/E ratio of 48.23, a P/E/G ratio of 3.40 and a beta of 0.63.

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

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 21st were issued 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 1.41%. Rollins’s dividend payout ratio (DPR) is 68.18%.

About Rollins

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.