TD Asset Management Inc. Reduces Holdings in Rollins, Inc. (NYSE:ROL)

TD Asset Management Inc. reduced its stake in Rollins, Inc. (NYSE:ROL) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,921,286 shares of the business services provider’s stock after selling 143,716 shares during the period. TD Asset Management Inc.’s holdings in Rollins were worth $89,052,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ROL. Geode Capital Management LLC raised its holdings in shares of Rollins by 2.2% in the third quarter. Geode Capital Management LLC now owns 7,275,415 shares of the business services provider’s stock worth $366,821,000 after buying an additional 157,619 shares during the last quarter. JPMorgan Chase & Co. raised 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 worth $115,323,000 after acquiring an additional 420,399 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Rollins by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,251,275 shares of the business services provider’s stock worth $104,347,000 after acquiring an additional 83,326 shares during the period. Bank of New York Mellon Corp grew its stake in Rollins by 8.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,232,385 shares of the business services provider’s stock valued at $103,471,000 after purchasing an additional 164,720 shares during the last quarter. Finally, Eventide Asset Management LLC grew its stake in Rollins by 2.0% during the 3rd quarter. Eventide Asset Management LLC now owns 1,739,892 shares of the business services provider’s stock valued at $88,004,000 after purchasing an additional 34,746 shares during the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Thomas D. Tesh sold 1,921 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $51.78, for a total transaction of $99,469.38. Following the completion of the sale, the insider now owns 41,173 shares of the company’s stock, valued at $2,131,937.94. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Elizabeth B. Chandler sold 13,193 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $51.18, for a total transaction of $675,217.74. Following the transaction, the insider now owns 76,526 shares of the company’s stock, valued at approximately $3,916,600.68. This trade represents a 14.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,338 shares of company stock worth $945,882. 4.69% of the stock is owned by corporate insiders.

Rollins Price Performance

NYSE:ROL opened at $53.03 on Thursday. 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 company has a 50 day moving average price of $50.68 and a 200-day moving average price of $49.52. Rollins, Inc. has a 1-year low of $41.72 and a 1-year high of $53.72. The firm has a market cap of $25.72 billion, a price-to-earnings ratio of 55.24 and a beta of 0.78.

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

Rollins Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were issued a $0.165 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.66 dividend on an annualized basis and a yield of 1.24%. Rollins’s payout ratio is 68.75%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Canaccord Genuity Group lifted their target price on Rollins from $48.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company lifted 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 increased their price objective on shares of Rollins from $52.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Finally, Morgan Stanley upped their price target on shares of Rollins from $48.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $52.00.

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.