Centiva Capital LP Purchases 16,115 Shares of Rollins, Inc. (NYSE:ROL)

Centiva Capital LP boosted its position in shares of Rollins, Inc. (NYSE:ROL) by 43.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,444 shares of the business services provider’s stock after purchasing an additional 16,115 shares during the quarter. Centiva Capital LP’s holdings in Rollins were worth $2,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Rollins in the fourth quarter valued at approximately $176,784,000. Marshall Wace LLP lifted its stake in shares of Rollins by 389.2% in the 4th quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock valued at $128,396,000 after purchasing an additional 2,203,859 shares during the period. Raymond James Financial Inc. bought a new position in shares of Rollins in the 4th quarter worth $74,249,000. Geode Capital Management LLC grew its stake in shares of Rollins by 17.6% during the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock worth $395,819,000 after purchasing an additional 1,282,508 shares during the period. Finally, BLI Banque de Luxembourg Investments bought a new stake in Rollins in the fourth quarter valued at about $50,161,000. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays boosted their target price on Rollins from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, April 4th. UBS Group increased their target price on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Royal Bank of Canada boosted their price target on shares of Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Canaccord Genuity Group raised their price objective on Rollins from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, April 25th. Finally, The Goldman Sachs Group set a $61.00 price target on Rollins and gave the stock a “buy” rating in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.57.

Rollins Price Performance

ROL stock opened at $56.85 on Wednesday. The stock has a 50-day moving average price of $53.67 and a two-hundred day moving average price of $50.52. Rollins, Inc. has a 1 year low of $45.00 and a 1 year high of $57.34. The stock has a market cap of $27.55 billion, a PE ratio of 59.22 and a beta of 0.79. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30.

Rollins (NYSE:ROL) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The business had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. During the same quarter last year, the firm earned $0.20 EPS. Rollins’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, May 12th. Rollins’s dividend payout ratio is presently 66.67%.

Insider Buying and Selling

In other news, insider Thomas D. Tesh sold 1,921 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $51.78, for a total transaction of $99,469.38. Following the sale, the insider now owns 41,173 shares in the company, valued at $2,131,937.94. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 transaction of $675,217.74. Following the completion of the transaction, the insider now directly owns 76,526 shares of the company’s stock, valued at $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,259 shares of company stock worth $1,047,330. 4.47% of the stock is owned by insiders.

Rollins Company 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.