Banco Bilbao Vizcaya Argentaria S.A. Sells 113,673 Shares of Rollins, Inc. (NYSE:ROL)

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in shares of Rollins, Inc. (NYSE:ROL - Free Report) by 95.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,781 shares of the business services provider's stock after selling 113,673 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Rollins were worth $268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its position in Rollins by 54.7% in the third quarter. Franklin Resources Inc. now owns 173,943 shares of the business services provider's stock valued at $8,725,000 after acquiring an additional 61,475 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Rollins by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 2,280,005 shares of the business services provider's stock worth $115,323,000 after acquiring an additional 420,399 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Rollins by 136.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 265,945 shares of the business services provider's stock valued at $12,327,000 after purchasing an additional 153,437 shares during the period. True North Advisors LLC bought a new position in shares of Rollins during the fourth quarter worth about $262,000. Finally, Avanza Fonder AB bought a new position in Rollins in the 4th quarter worth about $1,054,000. 51.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROL has been the topic of several recent analyst reports. The Goldman Sachs Group set a $61.00 target price on Rollins and gave the company a "buy" rating in a research note on Thursday, April 24th. Barclays increased their target price on shares of Rollins from $50.00 to $55.00 and gave the company an "equal weight" rating in a research report on Friday, April 4th. Royal Bank of Canada boosted their price target on shares of Rollins from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. UBS Group increased their price objective on shares of Rollins from $52.00 to $53.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Finally, Morgan Stanley boosted their target price on Rollins from $48.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $55.57.

Insider Activity at Rollins

In other news, insider Elizabeth B. Chandler sold 13,193 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $51.18, for a total value of $675,217.74. Following the completion of the sale, the insider now directly owns 76,526 shares of the company's stock, valued at $3,916,600.68. This represents a 14.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Traci Hornfeck sold 3,224 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $53.10, for a total transaction of $171,194.40. Following the transaction, the insider now owns 9,602 shares in the company, valued at approximately $509,866.20. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,259 shares of company stock worth $1,047,330. 4.47% of the stock is owned by corporate insiders.

Rollins Price Performance

Rollins stock traded up $0.63 during mid-day trading on Friday, hitting $56.70. The company's stock had a trading volume of 2,522,798 shares, compared to its average volume of 1,715,551. Rollins, Inc. has a twelve month low of $44.85 and a twelve month high of $57.20. The stock's fifty day moving average price is $53.45 and its two-hundred day moving average price is $50.41. The stock has a market capitalization of $27.48 billion, a P/E ratio of 59.06 and a beta of 0.80. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 0.30.

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, hitting analysts' consensus estimates of $0.22. The company had revenue of $822.50 million for the quarter, compared to analyst estimates of $817.09 million. Rollins had a return on equity of 37.94% and a net margin of 13.76%. Rollins's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 earnings per share. Research analysts forecast that Rollins, Inc. will post 1.09 earnings per share for the current year.

Rollins Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.165 per share. The ex-dividend date is Monday, May 12th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.16%. Rollins's dividend payout ratio is currently 66.67%.

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.