Mediolanum International Funds Ltd Takes Position in Rollins, Inc. (NYSE:ROL)

Mediolanum International Funds Ltd acquired a new stake in Rollins, Inc. (NYSE:ROL) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 17,201 shares of the business services provider’s stock, valued at approximately $796,000.

Several other hedge funds also recently modified their holdings of the stock. B.O.S.S. Retirement Advisors LLC grew its holdings in shares of Rollins by 4.9% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 4,543 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 212 shares in the last quarter. Eastern Bank lifted its stake in Rollins by 0.5% in the 4th quarter. Eastern Bank now owns 50,410 shares of the business services provider’s stock valued at $2,337,000 after purchasing an additional 236 shares during the last quarter. Mather Group LLC. lifted its stake in Rollins by 8.8% in the 3rd quarter. Mather Group LLC. now owns 3,027 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 246 shares during the last quarter. Raymond James Trust N.A. lifted its stake in Rollins by 1.9% in the 3rd quarter. Raymond James Trust N.A. now owns 13,283 shares of the business services provider’s stock valued at $672,000 after purchasing an additional 252 shares during the last quarter. Finally, Motley Fool Asset Management LLC lifted its stake in Rollins by 3.0% in the 3rd quarter. Motley Fool Asset Management LLC now owns 10,072 shares of the business services provider’s stock valued at $509,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 51.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ROL. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Wells Fargo & Company raised their target price 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 raised their target price on shares of Rollins from $52.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research note on Monday, January 6th. Finally, Morgan Stanley raised their price objective on shares of Rollins from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $51.50.

Rollins Trading Down 0.5 %

Shares of ROL stock opened at $49.47 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.34. Rollins, Inc. has a 12-month low of $40.41 and a 12-month high of $52.16. The firm has a 50 day moving average price of $48.12 and a two-hundred day moving average price of $48.90. The company has a market capitalization of $23.96 billion, a PE ratio of 51.53 and a beta of 0.75.

Rollins Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.33%. Rollins’s payout ratio is 68.75%.

Insider Activity

In other news, major shareholder Timothy Curtis Rollins sold 14,750 shares of Rollins stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $49.88, for a total value of $735,730.00. Following the completion of the sale, the insider now directly owns 124,214 shares in the company, valued at approximately $6,195,794.32. The trade was a 10.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.69% of the stock is owned by company insiders.

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.