Oppenheimer Asset Management Inc. Cuts Position in Rollins, Inc. (NYSE:ROL)

Oppenheimer Asset Management Inc. lowered its holdings in Rollins, Inc. (NYSE:ROL) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 181,784 shares of the business services provider’s stock after selling 5,113 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Rollins were worth $8,426,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Montrusco Bolton Investments Inc. lifted its stake in shares of Rollins by 14.0% in the third quarter. Montrusco Bolton Investments Inc. now owns 9,397,497 shares of the business services provider’s stock valued at $465,503,000 after purchasing an additional 1,154,722 shares during the period. Fiera Capital Corp acquired a new stake in shares of Rollins during the 3rd quarter valued at approximately $43,225,000. Point72 Asset Management L.P. purchased a new stake in shares of Rollins during the 3rd quarter worth approximately $28,980,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Rollins by 96.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,000,045 shares of the business services provider’s stock worth $46,046,000 after acquiring an additional 490,183 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Rollins by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock valued at $115,323,000 after purchasing an additional 420,399 shares in the last quarter. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Rollins Price Performance

Rollins stock opened at $51.39 on Friday. The stock has a market capitalization of $24.88 billion, a P/E ratio of 53.53 and a beta of 0.76. Rollins, Inc. has a 12-month low of $41.72 and a 12-month high of $52.83. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.69 and a quick ratio of 0.62. The firm’s 50-day moving average is $48.57 and its two-hundred day moving average is $49.21.

Rollins (NYSE:ROL) last released its earnings results on Wednesday, February 12th. The business services provider reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. Rollins had a net margin of 13.76% and a return on equity of 37.94%. Equities analysts predict that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Tuesday, February 25th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 annualized dividend and a yield of 1.28%. Rollins’s payout ratio is currently 68.75%.

Analysts Set New Price Targets

A number of research firms have commented on ROL. Barclays assumed coverage on Rollins in a research report on Monday, November 4th. They set an “equal weight” rating and a $50.00 target price on the stock. Wells Fargo & Company increased their price objective on shares of Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. UBS Group lifted their target price on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. StockNews.com upgraded shares of Rollins from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Canaccord Genuity Group lifted their price objective on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.00.

Insider Buying and Selling

In other Rollins news, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the transaction, the insider now 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 document filed with the Securities & Exchange Commission, which is available through this link. 4.69% of the stock is currently owned by company 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.