Quantinno Capital Management LP Acquires 60,455 Shares of Rollins, Inc. (NYSE:ROL)

Quantinno Capital Management LP increased its holdings in Rollins, Inc. (NYSE:ROL) by 52.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 175,262 shares of the business services provider’s stock after buying an additional 60,455 shares during the period. Quantinno Capital Management LP’s holdings in Rollins were worth $8,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of ROL. Norges Bank bought a new position in shares of Rollins in the fourth quarter valued at approximately $176,784,000. Marshall Wace LLP grew its holdings in shares of Rollins by 389.2% in the fourth quarter. Marshall Wace LLP now owns 2,770,131 shares of the business services provider’s stock valued at $128,396,000 after acquiring an additional 2,203,859 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Rollins in the fourth quarter valued at approximately $74,249,000. Geode Capital Management LLC lifted its stake in Rollins by 17.6% in the fourth quarter. Geode Capital Management LLC now owns 8,557,923 shares of the business services provider’s stock valued at $395,819,000 after purchasing an additional 1,282,508 shares during the last quarter. Finally, BLI Banque de Luxembourg Investments purchased a new position in Rollins in the fourth quarter valued at approximately $50,161,000. 51.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on ROL. The Goldman Sachs Group set a $61.00 price objective on Rollins and gave the company a “buy” rating in a research note on Thursday, April 24th. StockNews.com upgraded Rollins from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. Royal Bank of Canada upped their price objective on Rollins from $52.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Morgan Stanley upped their price objective on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group upped their price objective on Rollins from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Rollins has a consensus rating of “Moderate Buy” and a consensus price target of $55.57.

Rollins Trading Up 2.5%

NYSE:ROL opened at $56.35 on Friday. The company has a market cap of $27.31 billion, a P/E ratio of 58.70 and a beta of 0.79. The stock’s fifty day moving average price is $54.19 and its two-hundred day moving average price is $50.88. Rollins, Inc. has a 1 year low of $45.00 and a 1 year high of $57.43. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62.

Rollins (NYSE:ROL) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $822.50 million for the quarter, compared to the consensus estimate of $817.09 million. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 earnings per share. As a group, 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 Tuesday, June 10th. Investors of record on Monday, May 12th will be given a $0.165 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.17%. Rollins’s dividend payout ratio (DPR) is presently 66.67%.

Insider Buying and Selling

In related news, insider Traci Hornfeck sold 3,224 shares of the 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 sale, the insider now owns 9,602 shares in the company, valued at approximately $509,866.20. This trade represents a 25.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas D. Tesh sold 1,921 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $51.78, for a total value of $99,469.38. Following the completion of the sale, the insider now owns 41,173 shares in the company, valued at $2,131,937.94. This trade represents a 4.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,180 shares of company stock worth $1,155,943. Corporate insiders own 4.47% of the company’s stock.

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.