Trust Point Inc. Makes New $745,000 Investment in Rollins, Inc. (NYSE:ROL)

Trust Point Inc. bought a new stake in Rollins, Inc. (NYSE:ROL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,067 shares of the business services provider’s stock, valued at approximately $745,000.

Several other hedge funds have also made changes to their positions in ROL. Brooklyn Investment Group acquired a new stake in Rollins during the 3rd quarter worth approximately $28,000. True Wealth Design LLC lifted its holdings in shares of Rollins by 4,272.2% during the third quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock worth $40,000 after purchasing an additional 769 shares during the period. Versant Capital Management Inc grew its position in Rollins by 57.8% in the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after buying an additional 326 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Rollins in the 3rd quarter valued at $52,000. Finally, Intact Investment Management Inc. acquired a new position in Rollins in the 3rd quarter valued at $71,000. Institutional investors and hedge funds own 51.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Canaccord Genuity Group assumed coverage on Rollins in a report on Tuesday, January 7th. They issued a “hold” rating and a $48.00 price objective on the stock. Barclays started coverage on Rollins in a research note on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price for the company. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Rollins in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $51.50.

Rollins Stock Performance

NYSE ROL opened at $49.10 on Wednesday. The business has a 50 day moving average price of $48.04 and a 200 day moving average price of $48.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.72. The company has a market capitalization of $23.78 billion, a P/E ratio of 51.14 and a beta of 0.76. Rollins, Inc. has a 1-year low of $40.41 and a 1-year high of $52.16.

Rollins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.34%. Rollins’s dividend payout ratio is presently 68.75%.

Insider Activity at Rollins

In related news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $49.88, for a total transaction of $735,730.00. Following the sale, the insider now owns 124,214 shares of the company’s stock, valued at $6,195,794.32. This trade represents a 10.61 % 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. 4.69% of the stock is owned by corporate insiders.

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.