US Bancorp DE Increases Stock Holdings in Rollins, Inc. (NYSE:ROL)

US Bancorp DE increased its holdings in shares of Rollins, Inc. (NYSE:ROL) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,719 shares of the business services provider’s stock after buying an additional 493 shares during the period. US Bancorp DE’s holdings in Rollins were worth $13,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its stake in Rollins by 37.8% in the 4th quarter. QRG Capital Management Inc. now owns 7,944 shares of the business services provider’s stock valued at $368,000 after purchasing an additional 2,179 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Rollins in the 4th quarter valued at $4,943,000. Mn Services Vermogensbeheer B.V. raised its stake in Rollins by 2.7% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 114,200 shares of the business services provider’s stock valued at $5,293,000 after purchasing an additional 3,000 shares during the last quarter. New York Life Investment Management LLC raised its stake in Rollins by 0.7% in the 4th quarter. New York Life Investment Management LLC now owns 37,794 shares of the business services provider’s stock valued at $1,752,000 after purchasing an additional 274 shares during the last quarter. Finally, NewEdge Wealth LLC raised its stake in Rollins by 3.7% in the 4th quarter. NewEdge Wealth LLC now owns 97,613 shares of the business services provider’s stock valued at $4,524,000 after purchasing an additional 3,519 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Elizabeth B. Chandler sold 13,193 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the completion of the transaction, the insider now directly owns 76,526 shares in the company, valued at $3,916,600.68. This trade represents a 14.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ROL. Canaccord Genuity Group increased their price objective on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. StockNews.com raised Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. UBS Group raised their target price on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Finally, Morgan Stanley raised their target price on Rollins from $48.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $52.00.

Rollins Stock Up 1.1 %

Shares of NYSE:ROL opened at $52.96 on Tuesday. The business has a 50-day moving average price of $48.81 and a 200 day moving average price of $49.28. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $25.64 billion, a price-to-earnings ratio of 55.17 and a beta of 0.76. Rollins, Inc. has a 12-month low of $41.72 and a 12-month high of $53.19.

Rollins (NYSE:ROL) last issued its quarterly earnings data 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%. Sell-side analysts expect that Rollins, Inc. will post 1.09 EPS for the current year.

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 dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, February 25th. Rollins’s payout ratio is 68.75%.

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.