New York Life Investment Management LLC Raises Stock Holdings in Rollins, Inc. (NYSE:ROL)

New York Life Investment Management LLC lifted its holdings in shares of Rollins, Inc. (NYSE:ROL) by 15.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 39,988 shares of the business services provider’s stock after purchasing an additional 5,213 shares during the quarter. New York Life Investment Management LLC’s holdings in Rollins were worth $1,746,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Buckhead Capital Management LLC increased its stake in Rollins by 12.5% in the fourth quarter. Buckhead Capital Management LLC now owns 12,600 shares of the business services provider’s stock valued at $550,000 after purchasing an additional 1,402 shares during the period. Victory Capital Management Inc. increased its position in Rollins by 18.1% in the 4th quarter. Victory Capital Management Inc. now owns 217,791 shares of the business services provider’s stock valued at $9,511,000 after acquiring an additional 33,349 shares during the period. Van ECK Associates Corp raised its stake in Rollins by 27.2% during the 4th quarter. Van ECK Associates Corp now owns 48,836 shares of the business services provider’s stock valued at $2,133,000 after acquiring an additional 10,445 shares during the last quarter. Retirement Systems of Alabama lifted its position in Rollins by 7.9% during the 4th quarter. Retirement Systems of Alabama now owns 182,014 shares of the business services provider’s stock worth $7,949,000 after acquiring an additional 13,336 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Rollins by 7.3% in the 4th quarter. Russell Investments Group Ltd. now owns 138,593 shares of the business services provider’s stock valued at $6,055,000 after purchasing an additional 9,409 shares during the last quarter. 51.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on ROL shares. StockNews.com cut Rollins from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. UBS Group restated a “neutral” rating and issued a $49.00 target price on shares of Rollins in a research note on Monday, April 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Rollins in a research report on Thursday, February 15th. Finally, Morgan Stanley boosted their price target on Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Rollins currently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Rollins Price Performance

ROL opened at $47.10 on Tuesday. The company has a 50 day moving average of $44.96 and a two-hundred day moving average of $42.61. Rollins, Inc. has a 52-week low of $32.19 and a 52-week high of $47.45. The company has a quick ratio of 0.66, a current ratio of 0.72 and a debt-to-equity ratio of 0.44. The company has a market cap of $22.81 billion, a P/E ratio of 52.92, a P/E/G ratio of 3.53 and a beta of 0.65.

Rollins (NYSE:ROL) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Rollins had a return on equity of 37.73% and a net margin of 13.94%. The firm had revenue of $748.35 million during the quarter, compared to the consensus estimate of $739.12 million. During the same period in the prior year, the firm earned $0.18 EPS. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, analysts expect that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 9th. Rollins’s dividend payout ratio is presently 67.42%.

Insider Buying and Selling at Rollins

In other news, insider Traci Hornfeck sold 2,677 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 14,376 shares in the company, valued at $625,068.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Rollins news, insider Elizabeth B. Chandler sold 10,000 shares of Rollins 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 sale, the insider now directly owns 99,709 shares in the company, valued at approximately $4,093,054.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Traci Hornfeck sold 2,677 shares of the 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 $625,068.48. The disclosure for this sale can be found here. Insiders sold 27,824 shares of company stock valued at $1,219,558 over the last 90 days. 4.69% of the stock is owned by corporate insiders.

Rollins 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.