Royal London Asset Management Ltd. Has $7.02 Million Stock Holdings in Rollins, Inc. (NYSE:ROL)

Royal London Asset Management Ltd. grew its position in Rollins, Inc. (NYSE:ROL) by 15.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 151,548 shares of the business services provider’s stock after purchasing an additional 20,156 shares during the period. Royal London Asset Management Ltd.’s holdings in Rollins were worth $7,024,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROL. Franklin Resources Inc. boosted its holdings in Rollins by 54.7% in the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider’s stock valued at $8,725,000 after acquiring an additional 61,475 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Rollins during the 3rd quarter valued at about $1,428,000. Westfield Capital Management Co. LP bought a new position in shares of Rollins in the 3rd quarter valued at about $5,102,000. JPMorgan Chase & Co. grew its position in shares of Rollins by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider’s stock worth $115,323,000 after buying an additional 420,399 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Rollins by 136.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 265,945 shares of the business services provider’s stock worth $12,327,000 after buying an additional 153,437 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Insider Buying and Selling

In other Rollins news, insider Traci Hornfeck sold 3,224 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $53.10, for a total transaction of $171,194.40. Following the completion of the transaction, the insider now owns 9,602 shares of the company’s stock, valued at $509,866.20. This represents a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas D. Tesh sold 1,921 shares of the firm’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 transaction, the insider now directly owns 41,173 shares of the company’s stock, valued at $2,131,937.94. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,338 shares of company stock worth $945,882 over the last ninety days. Company insiders own 4.69% of the company’s stock.

Analyst Ratings Changes

ROL has been the topic of a number of recent research reports. StockNews.com cut shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Wells Fargo & Company lifted their price objective on Rollins from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Morgan Stanley increased their target price on Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. UBS Group boosted their target price on Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, Canaccord Genuity Group upped their price target on Rollins from $48.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $52.00.

Rollins Stock Down 0.1 %

NYSE:ROL opened at $51.62 on Monday. Rollins, Inc. has a 1 year low of $41.72 and a 1 year high of $53.72. The stock has a 50-day moving average price of $50.33 and a two-hundred day moving average price of $49.46. The stock has a market cap of $25.04 billion, a price-to-earnings ratio of 53.77 and a beta of 0.78. 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 issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Rollins had a return on equity of 37.94% and a net margin of 13.76%. As a group, equities analysts expect that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Tuesday, February 25th. Rollins’s dividend payout ratio is 68.75%.

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.