KBC Group NV Acquires 99,990 Shares of Rollins, Inc. (NYSE:ROL)

KBC Group NV increased its stake in Rollins, Inc. (NYSE:ROL) by 68.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 247,082 shares of the business services provider’s stock after purchasing an additional 99,990 shares during the quarter. KBC Group NV owned approximately 0.05% of Rollins worth $11,452,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Public Sector Pension Investment Board grew its stake in shares of Rollins by 85.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 9,527 shares of the business services provider’s stock valued at $465,000 after acquiring an additional 4,395 shares during the period. Marshall Wace LLP purchased a new stake in shares of Rollins in the second quarter worth $3,788,000. Millennium Management LLC raised its position in shares of Rollins by 54.8% during the 2nd quarter. Millennium Management LLC now owns 439,043 shares of the business services provider’s stock valued at $21,421,000 after purchasing an additional 155,476 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Rollins by 23.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,444 shares of the business services provider’s stock valued at $168,000 after buying an additional 664 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Rollins in the 2nd quarter worth $2,411,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Rollins news, major shareholder Timothy Curtis Rollins sold 14,750 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $49.88, for a total transaction of $735,730.00. Following the transaction, the insider now owns 124,214 shares in the company, valued at $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.69% of the stock is currently owned by company insiders.

Rollins Trading Down 1.0 %

Shares of ROL opened at $48.81 on Thursday. The stock has a market capitalization of $23.64 billion, a PE ratio of 50.84 and a beta of 0.75. The company’s fifty day moving average is $48.15 and its 200 day moving average is $48.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.78. Rollins, Inc. has a fifty-two week low of $40.41 and a fifty-two week high of $52.16.

Rollins Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Tuesday, February 25th. Rollins’s dividend payout ratio is 68.75%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ROL. Wells Fargo & Company boosted their price objective on Rollins from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Barclays initiated coverage on Rollins in a research note on Monday, November 4th. They issued an “equal weight” rating and a $50.00 price target for the company. Canaccord Genuity Group assumed coverage on shares of Rollins in a research report on Tuesday, January 7th. They set a “hold” rating and a $48.00 price objective on the stock. UBS Group upped 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Rollins in a report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.50.

Rollins 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.