Bank of Nova Scotia Grows Stake in Rollins, Inc. (NYSE:ROL)

Bank of Nova Scotia raised its holdings in Rollins, Inc. (NYSE:ROLFree Report) by 23.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,713 shares of the business services provider’s stock after buying an additional 8,414 shares during the quarter. Bank of Nova Scotia’s holdings in Rollins were worth $1,953,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Lindbrook Capital LLC boosted its holdings in Rollins by 72.4% in the fourth quarter. Lindbrook Capital LLC now owns 619 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 260 shares in the last quarter. Spire Wealth Management boosted its stake in shares of Rollins by 139.7% during the 4th quarter. Spire Wealth Management now owns 755 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 440 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Rollins during the 4th quarter valued at about $36,000. Operose Advisors LLC purchased a new position in shares of Rollins during the third quarter valued at about $47,000. Finally, Blue Trust Inc. raised its stake in Rollins by 65.9% in the fourth quarter. Blue Trust Inc. now owns 1,453 shares of the business services provider’s stock worth $63,000 after buying an additional 577 shares in the last quarter. 51.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ROL has been the topic of a number of research analyst reports. StockNews.com downgraded Rollins from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. UBS Group reaffirmed a “neutral” rating and issued a $49.00 price target on shares of Rollins in a research note on Monday, April 15th. Morgan Stanley raised their price objective on Rollins from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Rollins in a research report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

View Our Latest Stock Report on ROL

Rollins Trading Down 0.1 %

NYSE ROL opened at $47.42 on Friday. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $47.69. The company has a current ratio of 0.72, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44. The stock’s fifty day moving average price is $45.41 and its 200-day moving average price is $44.02. The stock has a market cap of $22.96 billion, a P/E ratio of 53.28, a P/E/G ratio of 3.62 and a beta of 0.66.

Rollins (NYSE:ROLGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $748.35 million for the quarter, compared to analysts’ expectations of $739.12 million. Rollins had a net margin of 13.94% and a return on equity of 37.73%. Rollins’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 EPS. As a group, equities analysts forecast that Rollins, Inc. will post 1 EPS for the current fiscal year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 10th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 9th. Rollins’s dividend payout ratio (DPR) is currently 67.42%.

Insider Buying and Selling

In other Rollins news, CFO Kenneth D. Krause sold 5,000 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 99,078 shares in the company, valued at approximately $4,575,422.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Rollins news, CFO Kenneth D. Krause sold 5,000 shares of the company’s stock in a transaction dated 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 owns 99,078 shares in the company, valued at approximately $4,575,422.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas D. Tesh sold 5,147 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $46.00, for a total transaction of $236,762.00. Following the sale, the insider now directly owns 35,387 shares in the company, valued at approximately $1,627,802. The disclosure for this sale can be found here. Insiders sold a total of 18,478 shares of company stock worth $850,885 in the last three months. Insiders own 4.69% of the company’s stock.

Rollins Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Rollins (NYSE:ROL)

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