New Age Alpha Advisors LLC Invests $8.73 Million in Rollins, Inc. (NYSE:ROL)

New Age Alpha Advisors LLC bought a new position in Rollins, Inc. (NYSE:ROL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 188,442 shares of the business services provider’s stock, valued at approximately $8,734,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cerity Partners LLC boosted its holdings in Rollins by 45.4% during the third quarter. Cerity Partners LLC now owns 33,310 shares of the business services provider’s stock valued at $1,685,000 after acquiring an additional 10,393 shares during the period. Swedbank AB grew its holdings in Rollins by 32.2% in the 3rd quarter. Swedbank AB now owns 16,530 shares of the business services provider’s stock valued at $836,000 after buying an additional 4,024 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Rollins by 11.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 34,824 shares of the business services provider’s stock valued at $1,761,000 after buying an additional 3,564 shares during the last quarter. FMR LLC increased its position in Rollins by 65.9% in the 3rd quarter. FMR LLC now owns 39,200 shares of the business services provider’s stock worth $1,983,000 after buying an additional 15,574 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Rollins during the third quarter worth approximately $28,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of the business’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 transaction, the insider now owns 9,602 shares of the company’s stock, valued at approximately $509,866.20. The trade was a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the completion of the sale, the insider now owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. This trade represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,338 shares of company stock worth $945,882. Corporate insiders own 4.47% of the company’s stock.

Rollins Stock Performance

NYSE:ROL opened at $53.82 on Friday. The firm has a market capitalization of $26.10 billion, a PE ratio of 56.06 and a beta of 0.78. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a 12-month low of $41.72 and a 12-month high of $54.00. The firm has a 50-day moving average price of $50.79 and a 200 day moving average price of $49.55.

Rollins (NYSE:ROL) last issued its earnings results on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Research analysts anticipate that Rollins, Inc. will post 1.09 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.66 annualized dividend and a dividend yield of 1.23%. Rollins’s dividend payout ratio is presently 68.75%.

Analyst Upgrades and Downgrades

ROL has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Monday, January 6th. UBS Group upped their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Wells Fargo & Company boosted their price target on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, Canaccord Genuity Group raised their price objective on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.