Rollins, Inc. (NYSE:ROL) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its holdings in shares of Rollins, Inc. (NYSE:ROL) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,824 shares of the business services provider’s stock after selling 1,199 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Rollins were worth $6,849,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ROL. Vanguard Group Inc. boosted its position in shares of Rollins by 18.7% during the third quarter. Vanguard Group Inc. now owns 32,020,007 shares of the business services provider’s stock worth $1,195,307,000 after buying an additional 5,041,371 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Rollins by 40.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,293,419 shares of the business services provider’s stock worth $346,923,000 after buying an additional 2,682,017 shares during the period. Norges Bank acquired a new position in shares of Rollins during the fourth quarter worth approximately $84,675,000. Durable Capital Partners LP acquired a new position in shares of Rollins during the first quarter worth approximately $61,799,000. Finally, Morgan Stanley boosted its position in shares of Rollins by 78.8% during the fourth quarter. Morgan Stanley now owns 3,221,759 shares of the business services provider’s stock worth $117,723,000 after buying an additional 1,419,569 shares during the period. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Price Performance

NYSE ROL opened at $45.07 on Tuesday. The stock has a market capitalization of $21.84 billion, a P/E ratio of 51.22, a P/E/G ratio of 3.58 and a beta of 0.63. Rollins, Inc. has a 1 year low of $32.19 and a 1 year high of $47.45. The business’s fifty day moving average is $44.49 and its two-hundred day moving average is $41.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.65 and a current ratio of 0.71.

Rollins (NYSE:ROL) last posted its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Rollins had a return on equity of 35.97% and a net margin of 14.15%. The company had revenue of $754.10 million for the quarter, compared to analysts’ expectations of $753.40 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The firm’s revenue was up 14.0% on a year-over-year basis. On average, research analysts forecast that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.33%. The ex-dividend date was Tuesday, February 20th. Rollins’s payout ratio is 68.18%.

Insiders Place Their Bets

In other Rollins news, insider Traci Hornfeck sold 2,677 shares of Rollins stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $43.48, for a total transaction of $116,395.96. Following the transaction, the insider now directly owns 14,376 shares in the company, valued at approximately $625,068.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Rollins news, CFO Kenneth D. Krause sold 5,000 shares of Rollins stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $46.18, for a total transaction of $230,900.00. Following the transaction, the chief financial officer now directly owns 99,078 shares in the company, valued at approximately $4,575,422.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Traci Hornfeck sold 2,677 shares of Rollins stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $43.48, for a total transaction of $116,395.96. Following the transaction, the insider now owns 14,376 shares in the company, valued at $625,068.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,824 shares of company stock worth $994,558. Corporate insiders own 4.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ROL shares. Morgan Stanley started coverage on Rollins in a report on Thursday, December 21st. They set an “equal weight” rating and a $42.00 target price on the stock. UBS Group dropped their target price on Rollins from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, February 16th. The Goldman Sachs Group started coverage on Rollins in a report on Tuesday, January 2nd. They set a “buy” rating and a $49.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 target price on shares of Rollins in a report on Thursday, February 15th. Finally, StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.83.

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.