Nisa Investment Advisors LLC Purchases 705 Shares of Rollins, Inc. (NYSE:ROL)

Nisa Investment Advisors LLC boosted its position in Rollins, Inc. (NYSE:ROL) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 52,366 shares of the business services provider’s stock after acquiring an additional 705 shares during the period. Nisa Investment Advisors LLC’s holdings in Rollins were worth $2,287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROL. Vanguard Group Inc. increased 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 valued at $1,195,307,000 after buying an additional 5,041,371 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased 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 valued at $346,923,000 after buying an additional 2,682,017 shares during the period. Norges Bank bought a new stake in shares of Rollins during the fourth quarter valued at about $84,675,000. Durable Capital Partners LP bought a new stake in shares of Rollins during the first quarter valued at about $61,799,000. Finally, Morgan Stanley increased 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 valued at $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.

Rollins Stock Down 0.6 %

Shares of ROL opened at $44.35 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.65. Rollins, Inc. has a 1 year low of $32.19 and a 1 year high of $47.45. The stock has a 50 day simple moving average of $44.57 and a two-hundred day simple moving average of $41.66. The firm has a market cap of $21.49 billion, a P/E ratio of 50.40, a P/E/G ratio of 3.50 and a beta of 0.63.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, February 14th. The business services provider reported $0.21 earnings per share 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 firm had revenue of $754.10 million during the quarter, compared to the consensus estimate of $753.40 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. On average, analysts forecast that Rollins, Inc. will post 0.99 earnings per share for the current fiscal year.

Rollins Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were given a $0.15 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $0.60 annualized dividend and a yield of 1.35%. Rollins’s payout ratio is currently 68.18%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Thursday, February 15th. The Goldman Sachs Group started coverage on Rollins in a report on Tuesday, January 2nd. They set a “buy” rating and a $49.00 price objective for the company. UBS Group cut their price objective on Rollins from $50.00 to $49.00 and set a “buy” rating for the company in a report on Friday, February 16th. StockNews.com lowered Rollins from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Morgan Stanley started coverage on Rollins in a report on Thursday, December 21st. They set an “equal weight” rating and a $42.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have given 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.

Insider Buying and Selling at Rollins

In other Rollins news, insider Traci Hornfeck sold 2,677 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $43.48, for a total value of $116,395.96. Following the completion of the sale, the insider now owns 14,376 shares in the company, valued at $625,068.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Kenneth D. Krause sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the transaction, the chief financial officer now owns 99,078 shares in the company, valued at $4,575,422.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Traci Hornfeck sold 2,677 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $43.48, for a total value of $116,395.96. Following the transaction, the insider now owns 14,376 shares of the company’s stock, valued at approximately $625,068.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,824 shares of company stock worth $994,558. 4.69% of the stock is currently owned by 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.