Sone Capital Management LLC Invests $6.83 Million in Rollins, Inc. (NYSE:ROL)

Sone Capital Management LLC acquired a new stake in shares of Rollins, Inc. (NYSE:ROL) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 147,358 shares of the business services provider’s stock, valued at approximately $6,830,000.

A number of other large investors have also added to or reduced their stakes in ROL. Keel Point LLC grew its stake in shares of Rollins by 5.1% in the fourth quarter. Keel Point LLC now owns 5,397 shares of the business services provider’s stock worth $250,000 after acquiring an additional 262 shares during the last quarter. Kensington Investment Counsel LLC boosted its stake in Rollins by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 38,120 shares of the business services provider’s stock worth $1,767,000 after purchasing an additional 263 shares in the last quarter. New York Life Investment Management LLC grew its position in Rollins by 0.7% during 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. SRS Capital Advisors Inc. increased its stake 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 in the last quarter. Finally, Mather Group LLC. increased its stake in Rollins by 9.8% during the 4th quarter. Mather Group LLC. now owns 3,325 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 51.79% of the company’s stock.

Insiders Place Their Bets

In other news, insider Traci Hornfeck sold 3,224 shares of the company’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 completion of the sale, the insider now directly owns 9,602 shares in the company, valued at $509,866.20. This represents a 25.14% decrease in their position. The transaction 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 stock was sold at an average price of $51.18, for a total value of $675,217.74. Following the completion of the transaction, the insider now directly owns 76,526 shares in the company, valued at approximately $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 three months, insiders have sold 22,180 shares of company stock valued at $1,155,943. Insiders own 4.47% of the company’s stock.

Rollins Trading Up 1.2%

Shares of ROL stock opened at $57.04 on Monday. 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, Inc. has a 12-month low of $45.00 and a 12-month high of $57.43. The stock has a market capitalization of $27.64 billion, a P/E ratio of 59.42 and a beta of 0.79. The firm’s 50 day moving average is $54.29 and its 200 day moving average is $51.00.

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

Rollins Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ROL shares. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” 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 report on Friday, February 14th. The Goldman Sachs Group set a $61.00 target price on Rollins and gave the company a “buy” rating in a research note on Thursday, April 24th. Royal Bank of Canada lifted their target price on Rollins from $52.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. Finally, Barclays upped their price target on Rollins from $50.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Rollins has an average rating of “Moderate Buy” and a consensus target price of $55.57.

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.