Ameriprise Financial Inc. Cuts Stock Holdings in Rollins, Inc. (NYSE:ROL)

Ameriprise Financial Inc. trimmed its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,188,743 shares of the business services provider's stock after selling 120,169 shares during the quarter. Ameriprise Financial Inc. owned 0.25% of Rollins worth $55,099,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of Rollins during the 4th quarter worth about $29,000. Centricity Wealth Management LLC bought a new position in Rollins in the 4th quarter valued at $31,000. Mizuho Bank Ltd. bought a new position in Rollins in the 4th quarter valued at $37,000. Atala Financial Inc purchased a new stake in Rollins in the fourth quarter worth $47,000. Finally, Headlands Technologies LLC lifted its position in shares of Rollins by 425.1% during the fourth quarter. Headlands Technologies LLC now owns 1,402 shares of the business services provider's stock worth $65,000 after purchasing an additional 1,135 shares during the last quarter. Institutional investors own 51.79% of the company's stock.

Insiders Place Their Bets

In other Rollins news, insider Thomas D. Tesh sold 1,921 shares of Rollins stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $56.54, for a total transaction of $108,613.34. Following the completion of the sale, the insider now directly owns 38,028 shares in the company, valued at approximately $2,150,103.12. The trade was a 4.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Elizabeth B. Chandler sold 13,193 shares of Rollins stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the transaction, the insider now owns 76,526 shares of the company's stock, valued at $3,916,600.68. The trade was a 14.70% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,180 shares of company stock worth $1,155,943. 4.47% of the stock is owned by corporate insiders.

Rollins Stock Up 0.1%

Shares of ROL traded up $0.04 during mid-day trading on Wednesday, hitting $54.89. The company's stock had a trading volume of 1,822,030 shares, compared to its average volume of 1,720,022. The firm has a market capitalization of $26.60 billion, a price-to-earnings ratio of 57.18 and a beta of 0.79. The company's 50-day moving average is $54.05 and its 200-day moving average is $50.79. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 0.30. Rollins, Inc. has a 52-week low of $45.00 and a 52-week high of $57.62.

Rollins (NYSE:ROL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $822.50 million for the quarter, compared to analysts' expectations of $817.09 million. Rollins had a return on equity of 37.94% and a net margin of 13.76%. The business's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. On average, equities research analysts forecast that Rollins, Inc. will post 1.09 EPS for the current fiscal year.

Rollins Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Monday, May 12th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.66 annualized dividend and a yield of 1.20%. Rollins's dividend payout ratio (DPR) is presently 66.67%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ROL. UBS Group upped their price target on shares of Rollins from $52.00 to $53.00 and gave the stock a "neutral" rating in a report on Friday, January 17th. Barclays upped their target price on shares of Rollins from $50.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Friday, April 4th. The Goldman Sachs Group set a $61.00 price target on Rollins and gave the company a "buy" rating in a report on Thursday, April 24th. Canaccord Genuity Group increased their price objective on Rollins from $49.00 to $50.00 and gave the stock a "hold" rating in a research note on Friday, April 25th. Finally, Royal Bank of Canada lifted their target price on Rollins from $52.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $55.57.

Rollins Company 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.