Wealthfront Advisers LLC Trims Stock Position in Rollins, Inc. (NYSE:ROL)

Wealthfront Advisers LLC reduced its stake in shares of Rollins, Inc. (NYSE:ROL) by 81.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,365 shares of the business services provider’s stock after selling 73,085 shares during the quarter. Wealthfront Advisers LLC’s holdings in Rollins were worth $825,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in Rollins during the 3rd quarter valued at $28,000. Centricity Wealth Management LLC purchased a new position in Rollins during the 4th quarter valued at $31,000. True Wealth Design LLC increased its position in Rollins by 4,272.2% during the 3rd quarter. True Wealth Design LLC now owns 787 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 769 shares during the period. Versant Capital Management Inc increased its position in Rollins by 57.8% during the 4th quarter. Versant Capital Management Inc now owns 890 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 326 shares during the period. Finally, SRS Capital Advisors Inc. increased its position in Rollins by 25.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,429 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 292 shares during the period. 51.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rollins

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the transaction, the insider now owns 9,602 shares in the company, valued at approximately $509,866.20. This represents a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Elizabeth B. Chandler sold 13,193 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total transaction of $675,217.74. Following the transaction, the insider now owns 76,526 shares in the company, valued at $3,916,600.68. This represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,338 shares of company stock worth $945,882. Company insiders own 4.69% of the company’s stock.

Rollins Stock Performance

Shares of ROL stock opened at $51.44 on Friday. Rollins, Inc. has a one year low of $41.72 and a one year high of $53.72. The company’s 50-day moving average is $49.75 and its 200 day moving average is $49.42. The company has a market capitalization of $24.91 billion, a price-to-earnings ratio of 53.59 and a beta of 0.78. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.62 and a current ratio of 0.69.

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

Rollins Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently weighed in on ROL. UBS Group upped their target price on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Morgan Stanley upped their target price on shares of Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. Canaccord Genuity Group upped their target price on shares of Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company increased their price objective on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Rollins currently has an average rating of “Hold” and a consensus target price of $52.00.

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.