Bank Julius Baer & Co. Ltd Zurich lowered its position in Rollins, Inc. (NYSE:ROL – Free Report) by 14.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 300,679 shares of the business services provider’s stock after selling 48,963 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Rollins were worth $18,088,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of ROL. Vanguard Group Inc. grew its position in Rollins by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 38,282,523 shares of the business services provider’s stock worth $2,297,717,000 after acquiring an additional 1,562,241 shares during the last quarter. Select Equity Group L.P. raised its position in Rollins by 149.6% in the 2nd quarter. Select Equity Group L.P. now owns 1,265,543 shares of the business services provider’s stock valued at $71,402,000 after purchasing an additional 758,462 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Rollins by 194.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,009,303 shares of the business services provider’s stock worth $60,592,000 after purchasing an additional 666,626 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Rollins by 62.3% in the third quarter. Mackenzie Financial Corp now owns 1,548,877 shares of the business services provider’s stock worth $90,981,000 after purchasing an additional 594,735 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Rollins by 156.0% during the third quarter. First Trust Advisors LP now owns 943,960 shares of the business services provider’s stock worth $55,448,000 after purchasing an additional 575,242 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.
Rollins Stock Performance
Shares of Rollins stock opened at $53.39 on Friday. The firm has a fifty day moving average of $54.72 and a two-hundred day moving average of $58.48. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.65. The stock has a market capitalization of $25.71 billion, a price-to-earnings ratio of 48.98, a PEG ratio of 3.25 and a beta of 0.79. Rollins, Inc. has a 52 week low of $51.95 and a 52 week high of $66.14.
Rollins Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Monday, May 11th will be paid a $0.1825 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.4%. Rollins’s dividend payout ratio is 66.97%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on ROL shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $67.00 price target on shares of Rollins in a report on Thursday, April 23rd. Wells Fargo & Company set a $56.00 price objective on shares of Rollins and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Bank of America initiated coverage on shares of Rollins in a research note on Tuesday, February 17th. They issued a “buy” rating and a $67.00 target price for the company. Morgan Stanley set a $70.00 target price on shares of Rollins in a research report on Friday, February 13th. Finally, Royal Bank Of Canada set a $67.00 price target on shares of Rollins and gave the company an “outperform” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $65.27.
Insider Activity at Rollins
In related news, insider Elizabeth B. Chandler sold 14,201 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $59.36, for a total value of $842,971.36. Following the sale, the insider directly owned 55,977 shares in the company, valued at $3,322,794.72. This trade represents a 20.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.77% of the stock is currently owned by company insiders.
Rollins Profile
Rollins, Inc (NYSE: ROL) is a provider of pest and termite control services operating through a network of subsidiaries and franchises. Headquartered in Atlanta, Georgia, the company offers a broad range of pest management solutions for both residential and commercial customers, positioning itself as a specialist in protecting property and public health from pests and vectors.
Its service offerings include general pest control, termite inspection and treatment, bed bug remediation, mosquito and vector control, wildlife exclusion, and related specialty services.
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