Greenleaf Trust Sells 2,455 Shares of Rollins, Inc. (NYSE:ROL)

Greenleaf Trust lowered its stake in shares of Rollins, Inc. (NYSE:ROL) by 31.6% during the fourth quarter, Holdings Channel reports. The fund owned 5,304 shares of the business services provider’s stock after selling 2,455 shares during the period. Greenleaf Trust’s holdings in Rollins were worth $232,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Operose Advisors LLC bought a new stake in Rollins during the 3rd quarter worth about $47,000. Blue Trust Inc. lifted its position in Rollins by 65.9% during the 4th quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 577 shares during the period. First Horizon Advisors Inc. lifted its position in Rollins by 224.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,603 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 1,109 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Rollins during the 3rd quarter valued at about $75,000. Finally, UniSuper Management Pty Ltd lifted its position in Rollins by 43.8% during the 3rd quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 700 shares during the period. Institutional investors own 51.79% of the company’s stock.

Insiders Place Their Bets

In other Rollins news, insider Elizabeth B. Chandler sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $41.05, for a total transaction of $410,500.00. Following the sale, the insider now directly owns 99,709 shares in the company, valued at approximately $4,093,054.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Traci Hornfeck sold 2,677 shares of the firm’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 transaction of $116,395.96. Following the completion of the transaction, the insider now directly owns 14,376 shares of the company’s stock, valued at approximately $625,068.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Elizabeth B. Chandler sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $41.05, for a total transaction of $410,500.00. Following the transaction, the insider now directly owns 99,709 shares of the company’s stock, valued at $4,093,054.45. 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. Company insiders own 4.69% of the company’s stock.

Rollins Stock Performance

Shares of NYSE:ROL opened at $42.87 on Thursday. The company has a market capitalization of $20.77 billion, a price-to-earnings ratio of 48.72, a P/E/G ratio of 3.37 and a beta of 0.63. The firm’s 50 day simple moving average is $44.41 and its 200 day simple moving average is $42.04. 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 fifty-two week low of $32.19 and a fifty-two week high of $47.45.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $748.35 million for the quarter, compared to the consensus estimate of $739.12 million. Rollins had a net margin of 14.15% and a return on equity of 35.97%. Rollins’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. As a group, sell-side analysts forecast that Rollins, Inc. will post 0.99 earnings per share for the current year.

Rollins Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.40%. Rollins’s dividend payout ratio (DPR) is currently 68.18%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. StockNews.com downgraded shares of Rollins from a “buy” rating to a “hold” rating in a research report on Thursday. UBS Group restated a “neutral” rating and set a $49.00 target price on shares of Rollins in a research report on Monday, April 15th. The Goldman Sachs Group assumed coverage on shares of Rollins in a research report on Tuesday, January 2nd. They set a “buy” rating and a $49.00 target price on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and set a $52.00 target price on shares of Rollins in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.